Westinghouse Air Brake Technologies Management

Management criteria checks 2/4

Westinghouse Air Brake Technologies' CEO is Rafael Santana, appointed in Jul 2019, has a tenure of 5.33 years. total yearly compensation is $15.49M, comprised of 8.6% salary and 91.4% bonuses, including company stock and options. directly owns 0.07% of the company’s shares, worth €23.53M. The average tenure of the management team and the board of directors is 5.5 years and 5.8 years respectively.

Key information

Rafael Santana

Chief executive officer

US$15.5m

Total compensation

CEO salary percentage	8.6%
CEO tenure	5.3yrs
CEO ownership	0.07%
Management average tenure	5.5yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rafael Santana's remuneration changed compared to Westinghouse Air Brake Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$918m
Dec 31 2023	US$15m	US$1m	US$815m
Sep 30 2023	n/a	n/a	US$758m
Jun 30 2023	n/a	n/a	US$678m
Mar 31 2023	n/a	n/a	US$653m
Dec 31 2022	US$12m	US$1m	US$633m
Sep 30 2022	n/a	n/a	US$665m
Jun 30 2022	n/a	n/a	US$636m
Mar 31 2022	n/a	n/a	US$595m
Dec 31 2021	US$11m	US$1m	US$558m
Sep 30 2021	n/a	n/a	US$456m
Jun 30 2021	n/a	n/a	US$452m
Mar 31 2021	n/a	n/a	US$413m
Dec 31 2020	US$11m	US$1m	US$413m
Sep 30 2020	n/a	n/a	US$461m
Jun 30 2020	n/a	n/a	US$424m
Mar 31 2020	n/a	n/a	US$441m
Dec 31 2019	US$8m	US$1m	US$325m

Compensation vs Market: Rafael's total compensation ($USD15.49M) is above average for companies of similar size in the German market ($USD4.77M).

Compensation vs Earnings: Rafael's compensation has increased by more than 20% in the past year.

CEO

Rafael Santana (52 yo)

5.3yrs

Tenure

US$15,493,240

Compensation

Mr. Rafael O. Santana serves as Independent Director at The Travelers Companies, Inc. since January 1, 2022. He is Director of The Travelers Indemnity Company since 2022. He is the President, Chief Executi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rafael Santana	CEO, President & Director	5.3yrs	US$15.49m	0.070% € 23.5m
John Olin	Executive VP & CFO	3.1yrs	US$4.58m	0.023% € 7.8m
Eric Gebhardt	Executive VP & Chief Technology Officer	4.2yrs	US$2.55m	0.0094% € 3.2m
David DeNinno	Executive VP	12.8yrs	US$2.95m	0.032% € 10.6m
Pascal Schweitzer	President of Transit	5.8yrs	US$3.75m	0.0048% € 1.6m
Greg Sbrocco	Executive Vice President of Global Operations	5.8yrs	no data	0.0095% € 3.2m
John Mastalerz	Senior VP of Finance & Chief Accounting Officer	7.8yrs	no data	0.0032% € 1.1m
Rick Smith	Chief Information Officer	no data	no data	no data
Kyra Yates	Vice President of Investor Relations	1.7yrs	no data	0.0024% € 807.4k
Gina Trombley	Executive VP of Sales & Marketing and Chief Commercial Officer of Americas	no data	no data	0.0063% € 2.1m
Nicole Theophilus	Executive VP & Chief Human Resources Officer	4.1yrs	US$1.40m	0.0089% € 3.0m
Michael Fetsko	President of Freight & Industrial Components	7.8yrs	no data	0.023% € 7.7m

5.5yrs

Average Tenure

55.5yo

Average Age

Experienced Management: WB2's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rafael Santana	CEO, President & Director	5.3yrs	US$15.49m	0.070% € 23.5m
William Kassling	Independent Vice Chairman	34.8yrs	US$305.01k	0.047% € 15.8m
Albert Neupaver	Independent Non-Executive Chairman of the Board	18.8yrs	US$505.01k	0.35% € 115.6m
Linda Harty	Lead Independent Director	8.3yrs	US$360.01k	0.0074% € 2.5m
Byron Foster	Independent Director	3.3yrs	US$305.01k	0.0037% € 1.2m
Lee Banks	Independent Director	3.9yrs	US$305.01k	0.0068% € 2.3m
Ann Klee	Independent Director	5.8yrs	US$330.01k	0.0062% € 2.1m
Brian Hehir	Independent Director	17.3yrs	US$330.01k	0.013% € 4.3m
Beverley Babcock	Independent Director	2.3yrs	US$305.01k	0.0017% € 579.6k

5.8yrs

Average Tenure

62yo

Average Age

Experienced Board: WB2's board of directors are considered experienced (5.8 years average tenure).

Westinghouse Air Brake Technologies Management

Management criteria checks 2/4

Key information

Recent management updates

Key Executive recently sold €1.9m worth of stock

Executive VP recently sold €1.7m worth of stock

Executive VP & Chief Technology Officer recently sold €1.1m worth of stock

Insufficient new directors

Westinghouse Air Brake Technologies Corporation, Annual General Meeting, May 16, 2024

CEO, President & Director recently sold €5.2m worth of stock

Recent updates

Key Executive recently sold €1.9m worth of stock

Upcoming dividend of US$0.20 per share

Executive VP recently sold €1.7m worth of stock

Third quarter 2024 earnings released: EPS: US$1.63 (vs US$1.34 in 3Q 2023)

Westinghouse Air Brake Technologies Corporation Announces Unchanged Revenue Guidance for the Full Year 2024

Second quarter dividend of US$0.20 announced

Wabtec Corporation Declares Regular Quarterly Common Dividend, Payable on November 27, 2024

Westinghouse Air Brake Technologies Corporation to Report Q3, 2024 Results on Oct 23, 2024

Now 21% undervalued after recent price drop

Executive VP & Chief Technology Officer recently sold €1.1m worth of stock

Upcoming dividend of US$0.20 per share

Insufficient new directors

Second quarter 2024 earnings released: EPS: US$1.65 (vs US$1.07 in 2Q 2023)

First quarter dividend of US$0.20 announced

Westinghouse Air Brake Technologies Corporation Declares Regular Quarterly Common Dividend, Payable on August 28, 2024

Westinghouse Air Brake Technologies Corporation to Report Q2, 2024 Results on Jul 24, 2024

Wabtec Corporation Declares Regular Quarterly Common Dividend, Payable on June 11, 2024

First quarter 2024 earnings released: EPS: US$1.54 (vs US$0.94 in 1Q 2023)

Westinghouse Air Brake Technologies Corporation Provides Earnings Guidance for the Year 2024

Westinghouse Air Brake Technologies Corporation, Annual General Meeting, May 16, 2024

Westinghouse Air Brake Technologies Corporation to Report Q1, 2024 Results on Apr 24, 2024

CEO, President & Director recently sold €5.2m worth of stock

Fourth quarter dividend of US$0.20 announced

Full year 2023 earnings released: EPS: US$4.56 (vs US$3.47 in FY 2022)

Westinghouse Air Brake Technologies Corporation Provides Earnings Guidance for the Year 2024

Westinghouse Air Brake Technologies Corporation Increases Quarterly Dividend, Payable on March 8, 2024

Westinghouse Air Brake Technologies Corporation to Report Q4, 2023 Results on Feb 14, 2024

Upcoming dividend of US$0.17 per share at 0.6% yield

Wabtec and Roy Hill Unveil the First FLXdrive Battery Locomotive

Third quarter 2023 earnings released: EPS: US$1.34 (vs US$0.88 in 3Q 2022)

Wabtec Updates Earnings Guidance for the Fiscal Year 2023

Press Release: Wabtec Declares Regular Quarterly Common Dividend, Payable on November 29, 2023

Westinghouse Air Brake Technologies Corporation to Report Q3, 2023 Results on Oct 25, 2023

Now 20% undervalued

Upcoming dividend of US$0.17 per share at 0.6% yield

New minor risk - Insider selling

Executive VP recently sold €1.1m worth of stock

Westinghouse Air Brake Technologies Corporation Provides Sales Guidance for 2023

Second quarter 2023 earnings released: EPS: US$1.07 (vs US$0.91 in 2Q 2022)

Wabtec Corporation Declares Regular Quarterly Dividend, Payable on August 28, 2023

Westinghouse Air Brake Technologies Corporation to Report Q2, 2023 Results on Jul 27, 2023

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) acquired L & M Radiator, Inc. for approximately $230 million.

Wabtec Corporation Declares Regular Quarterly Common Dividend, Payable on June 9, 2023

Executive VP & Chief Technology Officer recently sold €217k worth of stock

First quarter 2023 earnings released: EPS: US$0.94 (vs US$0.81 in 1Q 2022)

Insider recently sold €482k worth of stock

CEO, President & Director recently sold €7.7m worth of stock

Full year 2022 earnings released: EPS: US$3.49 (vs US$2.96 in FY 2021)

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) announces an Equity Buyback for $750 million worth of its shares.

Westinghouse Air Brake Technologies Corporation to Report Q4, 2022 Results on Feb 15, 2023

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) agreed to acquire Super Metal.

Insider recently sold €125k worth of stock

Non-Executive Chairman of the Board recently sold €1.3m worth of stock

Upcoming dividend of US$0.15 per share

Third quarter 2022 earnings released: EPS: US$0.88 (vs US$0.69 in 3Q 2021)

Waec Corporation Revised Sales Guidance for the Full Year of 2022

Wabtec Corporation Declares Quarterly Common Dividend, Payable on November 28, 2022

Westinghouse Air Brake Technologies Corporation to Report Q3, 2022 Results on Nov 01, 2022

Second quarter 2022 earnings released: EPS: US$0.91 (vs US$0.66 in 2Q 2021)

Wabtec Corporation Provides Earnings Guidance for the Year of 2022

Upcoming dividend of US$0.15 per share

Wabtec Corporation Declares Regular Quarterly Common Dividend, Payable on August 29, 2022

Westinghouse Air Brake Technologies Corporation to Report Q2, 2022 Results on Aug 05, 2022

Wabtec Appoints Beverley Babcock to Board of Directors

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) acquired ARINC rail solutions business segment of Collins Aerospace.

Westinghouse Air Brake Technologies Corporation Announces Board Appointments

Wabtec Corporation Advances Rail Network Optimization for CN with the Launch of Its Precision Dispatch System

Westinghouse Air Brake Technologies Corporation Announces Executive Changes

Westinghouse Air Brake Technologies Corporation Announces Executive Changes