WABWabtec

Industrials · Railroad Equipment · NYSE

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, is a Delaware corporation with headquarters at 30 Isabella Street in Pittsburgh, Pennsylvania. 10-K, Item 1

Employees: 31,000
Headquarters: Pittsburgh, PA
CEO: Rafael Santana
Next results: around Feb 10, 2027

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Deals between WAB and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-03-31 reports that the one filed 2025-04-03 did not, quoted as filed.

New this year

Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-03.

Nothing new: every deal in this year's section was reported last year too.

The whole section 6 paragraphs, proxy filed 2026-03-31

Related Party Transaction Approval Policy

“Our Board has adopted a written policy regarding related party transactions, a copy of which is available on Wabtec’s website at http://www.wabteccorp.com. Under this policy, the Governance Committee must review and approve in advance all related party transactions that are required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC. If advance approval is not feasible, the Governance Committee must approve or ratify the transaction at its next scheduled meeting. Transactions required to be disclosed pursuant to Item 404 include any transaction or series of similar transactions, arrangements or relationships in which Wabtec or any of its subsidiaries was, is, or will be a participant, the amount involved exceeds $120,000 and in which any of the following persons had, has or will have a direct or indirect material interest:”
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Related Party Transaction Approval Policy

“any Immediate Family Member (as defined in the policy) of any of the foregoing persons; and • any entity which is controlled by someone listed above.”
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Related Party Transaction Approval Policy

“In reviewing related party transactions, the Governance Committee evaluates all material facts about the transaction, including the nature of the transaction, the benefit provided to Wabtec, whether the transaction is on commercially reasonable terms that would have been available from an unrelated third-party and any other factors necessary to its determination that the transaction is fair to Wabtec.”
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2025 Related Party Transactions

“During 2025, Wabtec purchased approximately $22 million of goods from the off-highway business of Dana Incorporated. One of our directors, Mr. Foster, currently serves as an executive officer of Dana Incorporated and his interest in this relationship is limited to such capacity. The Board’s Governance Committee has reviewed and approved this relationship. On January 1, 2026, Dana Incorporated divested its off-highway business. Accordingly, Mr. Foster’s role at Dana Incorporated will no longer constitute a reportable related party transaction.”
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2025 Related Party Transactions

“One of our directors, Mr. Perez, was an executive officer of Salesforce until his retirement on April 30, 2025. During the portion of 2025 that Mr. Perez was an executive officer of Salesforce, Wabtec purchased approximately $1.1 million of software and services from Salesforce, Inc. Mr. Perez’s interest in these transactions was limited to his role as an executive officer of Salesforce. The Governance Committee has reviewed and approved this related party transaction. Because of Mr. Perez’s retirement from Salesforce, it will not constitute a related party transaction going forward.”
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Insider Trading Policies and Procedures

“We have adopted an insider trading policy and procedures applicable to directors, officers, employees, and other covered persons, and have implemented processes applicable to us, that we believe are reasonably designed to promote compliance with insider trading laws, rules and regulations, and NYSE listing standards. A copy of our insider trading policy is filed as Exhibit 19.1 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 13, 2026.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗

Work on WAB in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WAB/export.csv") into a cell.