What the executives and directors of Wabtec actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| KASSLING WILLIAM E | Director | 750.8K | — | — |
| NEUPAVER ALBERT J | Director | 605.4K | — | — |
| Santana Rafael President and CEO | CEO | 122.6K | — | $23.7M |
| Olin John A Executive Vice President & CFO | CFO | 61.9K | — | $2.9M |
| DeNinno David L Exec VP, General Counsel, Sec. | Officer | 55.1K | — | $4.1M |
| Fetsko Michael Pres., Freight Components Grp. | Officer | 40.6K | — | $1.1M |
| Sbrocco Gregory EVP Operations | Officer | 25.7K | — | $1.3M |
| Hehir Brian | Director | 25.6K | — | — |
| Gebhardt Eric Chief Technology Officer | Officer | 25.1K | — | $2.1M |
| Schweitzer Pascal President Transit | Officer | 24.6K | — | $624K |
| Theophilus Nicole B EVP & Chief Admin. Officer | Officer | 23.6K | — | — |
| Trombley Gina EVP Sales & Marketing | Officer | 13.8K | — | $971K |
| Leroux Lilian EVP Chief Strategy Officer | Officer | 13.8K | — | — |
| BANKS LEE C | Director | 13.6K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-24 | DeNinno David L (Officer) | Discretionary sale | 3,000 | $301.31 | $904K |
| 2026-07-24 | Gebhardt Eric (Officer) | Discretionary sale | 1,107 | $297.39 | $329K |
| 2026-07-24 | Gebhardt Eric (Officer) | Discretionary sale | 1,600 | $300.49 | $481K |
| 2026-07-24 | Gebhardt Eric (Officer) | Discretionary sale | 2,040 | $298.86 | $610K |
| 2026-07-24 | Gebhardt Eric (Officer) | Discretionary sale | 2,353 | $299.69 | $705K |
| 2026-07-24 | Gaur Sameer (Officer) | Discretionary sale | 1,000 | $300.64 | $301K |
| 2026-07-07 | Santana Rafael (CEO) | Planned sale (10b5-1) | 147 | $255.60 | $38K |
| 2026-07-07 | Santana Rafael (CEO) | Planned sale (10b5-1) | 189 | $256.50 | $48K |
| 2026-07-07 | Santana Rafael (CEO) | Planned sale (10b5-1) | 257 | $259.12 | $67K |
| 2026-07-07 | Santana Rafael (CEO) | Planned sale (10b5-1) | 283 | $258.37 | $73K |
| 2026-07-07 | Santana Rafael (CEO) | Planned sale (10b5-1) | 287 | $254.34 | $73K |
| 2026-07-06 | Santana Rafael (CEO) | Planned sale (10b5-1) | 164 | $262.81 | $43K |
| 2026-07-06 | Santana Rafael (CEO) | Planned sale (10b5-1) | 184 | $263.68 | $49K |
| 2026-07-06 | Santana Rafael (CEO) | Planned sale (10b5-1) | 815 | $261.55 | $213K |
| 2026-06-12 | Gaur Sameer (Officer) | Discretionary sale | 1,082 | $263.50 | $285K |
| 2026-06-08 | Santana Rafael (CEO) | Planned sale (10b5-1) | 20 | $263.76 | $5K |
| 2026-06-08 | Santana Rafael (CEO) | Planned sale (10b5-1) | 193 | $261.81 | $51K |
| 2026-06-08 | Santana Rafael (CEO) | Planned sale (10b5-1) | 251 | $262.83 | $66K |
| 2026-06-08 | Santana Rafael (CEO) | Planned sale (10b5-1) | 299 | $260.80 | $78K |
| 2026-06-08 | Santana Rafael (CEO) | Planned sale (10b5-1) | 400 | $259.66 | $104K |
| 2026-06-05 | Santana Rafael (CEO) | Planned sale (10b5-1) | 79 | $263.72 | $21K |
| 2026-06-05 | Santana Rafael (CEO) | Planned sale (10b5-1) | 160 | $262.99 | $42K |
| 2026-06-05 | Santana Rafael (CEO) | Planned sale (10b5-1) | 378 | $261.85 | $99K |
| 2026-06-05 | Santana Rafael (CEO) | Planned sale (10b5-1) | 546 | $260.83 | $142K |
| 2026-05-05 | DeNinno David L (Officer) | Discretionary sale | 2,500 | $265.48 | $664K |
| 2026-05-05 | Santana Rafael (CEO) | Planned sale (10b5-1) | 202 | $263.34 | $53K |
| 2026-05-05 | Santana Rafael (CEO) | Planned sale (10b5-1) | 300 | $265.27 | $80K |
| 2026-05-05 | Santana Rafael (CEO) | Planned sale (10b5-1) | 317 | $264.21 | $84K |
| 2026-05-05 | Santana Rafael (CEO) | Planned sale (10b5-1) | 344 | $266.12 | $92K |
| 2026-05-04 | Santana Rafael (CEO) | Planned sale (10b5-1) | 23 | $266.52 | $6K |
| 2026-05-04 | Santana Rafael (CEO) | Planned sale (10b5-1) | 222 | $265.78 | $59K |
| 2026-05-04 | Santana Rafael (CEO) | Planned sale (10b5-1) | 242 | $264.29 | $64K |
| 2026-05-04 | Santana Rafael (CEO) | Planned sale (10b5-1) | 310 | $263.47 | $82K |
| 2026-05-04 | Santana Rafael (CEO) | Planned sale (10b5-1) | 366 | $262.30 | $96K |
| 2026-04-14 | Santana Rafael (CEO) | Planned sale (10b5-1) | 826 | $267.09 | $221K |
| 2026-04-14 | Santana Rafael (CEO) | Planned sale (10b5-1) | 2,393 | $269.96 | $646K |
| 2026-04-14 | Santana Rafael (CEO) | Planned sale (10b5-1) | 21.2K | $268.43 | $5.7M |
| 2026-04-14 | Santana Rafael (CEO) | Planned sale (10b5-1) | 36.4K | $269.13 | $9.8M |
| 2026-03-12 | Trombley Gina (Officer) | Discretionary sale | 4,013 | $241.87 | $971K |
| 2026-03-10 | Santana Rafael (CEO) | Planned sale (10b5-1) | 84 | $251.62 | $21K |
| 2026-03-10 | Santana Rafael (CEO) | Planned sale (10b5-1) | 130 | $250.81 | $33K |
| 2026-03-10 | Santana Rafael (CEO) | Planned sale (10b5-1) | 197 | $247.83 | $49K |
| 2026-03-10 | Santana Rafael (CEO) | Planned sale (10b5-1) | 235 | $246.61 | $58K |
| 2026-03-10 | Santana Rafael (CEO) | Planned sale (10b5-1) | 257 | $248.69 | $64K |
| 2026-03-10 | Santana Rafael (CEO) | Planned sale (10b5-1) | 260 | $249.85 | $65K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 12 | $247.57 | $3K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 75 | $246.01 | $18K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 77 | $243.92 | $19K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 80 | $239.87 | $19K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 91 | $241.20 | $22K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 140 | $238.69 | $33K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 218 | $243.25 | $53K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 234 | $242.30 | $57K |
| 2026-03-09 | Santana Rafael (CEO) | Planned sale (10b5-1) | 236 | $246.79 | $58K |
| 2026-02-26 | Gaur Sameer (Officer) | Discretionary sale | 1,150 | $262.62 | $302K |
| 2026-02-25 | Jain Nalin (Officer) | Discretionary sale | 7,936 | $264.09 | $2.1M |
| 2026-02-24 | Olin John A (CFO) | Discretionary sale | 11K | $263.30 | $2.9M |
| 2026-02-20 | Mendonca Rogerio (Officer) | Discretionary sale | 1,580 | $263.74 | $417K |
| 2026-02-20 | Mendonca Rogerio (Officer) | Discretionary sale | 1,920 | $264.59 | $508K |
| 2026-02-19 | Sbrocco Gregory (Officer) | Planned sale (10b5-1) | 952 | $258.43 | $246K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.