---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-031241"
form_type: "8-K"
ticker: "WAB"
cik: "0000943452"
company_name: "WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP"
filed_at: "2021-09-14T23:59:59+00:00"
generated_at: "2026-06-29T04:02:15.234980+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wabtec CFO Patrick Dugan to depart Q4 2021; receives $2.52M in transition payments

## Summary
- CFO Patrick A. Dugan to leave in Q4 2021; transition agreement signed Sept 9, 2021.
- Cash payment of $2,520,000 (two times annual salary plus targeted 2021 bonus).
- Accelerated vesting of outstanding stock options and restricted stock; pro-rated performance units.
- Continued healthcare coverage for 24 months; includes release, non-compete, and non-solicitation provisions.

## SEC filing metadata
- accession: 0001140361-21-031241
- form_type: 8-K
- ticker: WAB
- cik: 0000943452
- company_name: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- filed_at: 2021-09-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/943452/000114036121031241/0001140361-21-031241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/943452/000114036121031241/brhc10028941_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-031241
- JSON: https://secwatch.observer/filing/0001140361-21-031241.json
- Plain text: https://secwatch.observer/filing/0001140361-21-031241.txt

## Key facts
- Executive change
  Patrick A. Dugan departed as Executive Vice President Finance and Chief Financial Officer at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
  - Action: will leave
  - Role: Executive Vice President Finance and Chief Financial Officer
  source text: As previously announced by Westinghouse Air Brake Technologies Corporation (the “Company”) on August 11, 2021, Patrick A. Dugan, Executive Vice President Finance and Chief Financial Officer, will leave the Company to pursue other opportunities, and is expected to do so in the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/943452/000114036121031241/0001140361-21-031241-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.