This cluster reflects routine post-vesting tax settlements, not strategic insider selling. Traders should not interpret this as bearish — no material open-market selling occurred. Monitor for any future open-market transactions, especially from the CEO or CFO, which would carry stronger signal.
Price Chart
Executive Summary
A cluster of insider transactions at Westinghouse Air Brake Technologies (WAB) over the past week consists primarily of tax withholding events (shares surrendered) following equity vesting, involving 14 executives including the CEO and CFO. The only open-market sale was a modest 1,150-share transaction by President Global Freight Services Sameer Gaur, representing minimal economic selling activity.
Key Financial Metrics
Key Facts
- 15 insider transactions reported over 7 days, all occurring on or around March 2, 2026
- 13 transactions were tax withholding events (F) where insiders surrendered shares to cover tax obligations upon vesting
- Total value of shares surrendered: $7,048,189.97
- One open-market sale (S) by Sameer Gaur: 1,150 shares for $302,015.65
- One derivative exercise (M) by Pascal Schweitzer: 4,678 shares at $0 (non-cash)
- CEO Rafael Santana surrendered 19,802 shares ($5.2M) in tax withholding — largest single transaction
- No open-market purchases (P) reported
Financial Impact
$7.05 million in total share value surrendered via tax withholding; $302,016 in open-market selling
Risk Factors
- Perception risk: Large dollar value of shares surrendered could be misinterpreted as insider selling
- Concentration risk: Heavy participation by top executives in vesting events may indicate upcoming lock-up expirations or compensation timing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (15 trades, 7d window) | cluster-WAB-1772661131545 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | Insider Cluster | $297.62 $289.71 | ▼ −2.66% | ▼ −3.97% | $290.21 (−2.49%) |
Aug 21, 2026 5w ago | Insider Cluster | $297.57 $280.23 | ▼ −5.83% | ▼ −5.55% | $290.21 (−2.47%) |
Jul 27, 2026 9w ago | Insider Cluster | $300.90 $297.62 | ▼ −1.09% | ▼ −4.39% | $290.21 (−3.55%) |
Jul 22, 2026 10w ago | 8-K | $290.00 $292.23 | ▲ +0.77% | ▼ −2.13% | $290.21 (+0.07%) |
Jun 16, 2026 15w ago | Insider Cluster | $272.12 $262.02 | ▼ −3.71% | ▼ −3.91% | $290.21 (+6.65%) |
Apr 22, 2026 23w ago | 8-K | $261.43 $255.29 | ▼ −2.35% | ▼ −5.51% | $290.21 (+11.01%) |
Mar 10, 2026 29w ago | Insider Cluster | $246.52 $269.59 | ▼ −9.36% | ▼ −9.51% | $290.21 (−17.73%) |
Feb 24, 2026 31w ago | Insider Cluster | $264.30 $245.56 | ▼ −7.09% | ▼ −2.10% | $290.21 (+9.81%) |
Feb 24, 2026 31w ago | Insider Cluster | $264.30 $245.56 | ▼ −7.09% | ▼ −2.10% | $290.21 (+9.81%) |
Feb 24, 2026 31w ago | Insider Cluster | $264.30 $245.56 | ▼ −7.09% | ▼ −2.10% | $290.21 (+9.81%) |
US Market Status
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