Santana Rafael, President and CEO, has executed 101 trades across two companies, with a nearly balanced historical ratio between buying and selling. SEC filings show $49.9 million in total buys against $48.8 million in sales. However, recent activity skews decisively toward divestment, with 21 sales and zero buys since February 2026—all concentrated in Westinghouse Air Brake Technologies (WAB). The sales occurred in clusters, most notably on March 9–10, 2026, when Rafael offloaded 15 separate blocks of WAB shares totaling approximately $500,000, with individual transactions ranging from $2,970 to $64,961. Earlier in February, larger dispositions included a $116,712 sale on February 11 and two major transactions coded as "F" (likely option exercises or derivative settlements) worth $5.2 million and $14.3 million on March 2 and February 12, respectively. The latter date also saw a $30.4 million acquisition coded as "A" (likely an award or grant), suggesting Rafael’s activity may involve equity compensation management. While the long-term balance between buys and sales is narrow, the recent unidirectional selling—particularly the March disposals at mid-five-figure increments—indicates a consistent reduction in WAB exposure over the past two months. No transactions in other securities appear during this period.
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