Wabtec enters new severance agreements with CEO Santana, CFO Olin, and three other named executives

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Replaces prior ECA and severance agreements with CEO Santana ($1.25M minimum base, 160% target bonus).
Non-CIC severance: CEO gets 2x (salary + target bonus); other NEOs get salary + up to 1.5x salary + target bonus.
CIC-period severance: CEO gets 3x (salary + target bonus); other NEOs get 2x (salary + target bonus).
Includes equity vesting, benefits continuation, transition payments ($100K CEO; $50K others), and non-compete covenants.
Agreements executed December 5, 2022; apply to Santana, Olin, DeNinno, Schweitzer, and Gebhardt.

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