Wabtec president & CEO Rafael Santana sells $635,355 in company stock

Rafael Santana, the President and CEO of Westinghouse Air Brake Technologies Corp (WAB), sold a substantial amount of the company's common stock, amounting to $635,355. This transaction took place over two days, on October 5 and October 6, 2026. Santana divested 2,174 shares of WAB stock, which were sold at prices fluctuating between $286.8700 and $294.5900 per share.

Post-transaction, Santana still holds 115,068 shares of WAB common stock. The stock's current trading price is $282.44, reflecting a 43% increase over the past year, although a Pro Analysis suggests the company might be overvalued. Santana's sale was documented in a report filed with the Securities and Exchange Commission on October 7, 2026.

Meanwhile, Wabtec Corp. reported robust financials for the second quarter of 2026, surpassing market expectations. The company reported adjusted earnings of $2.76 per share on revenue of $3.18 billion, exceeding estimates of $2.60 per share and $3.07 billion in revenue. Wabtec's sales rose by 17.5% year-over-year, while adjusted profits climbed by 21.6%.

Following this impressive performance, Wabtec increased its outlook, signaling confidence in sustained demand. Stephens also upped its price target for WAB shares to $330 from $320, retaining an Overweight rating, based on the company's 2026 earnings outlook, which anticipates a 20% year-over-year increase in adjusted earnings per share.