---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-044669"
form_type: "8-K"
ticker: "WAB"
cik: "0000943452"
company_name: "WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP"
filed_at: "2022-12-07T23:59:59+00:00"
generated_at: "2026-06-21T08:31:12.903638+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-22-044669
- form_type: 8-K
- ticker: WAB
- cik: 0000943452
- company_name: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- filed_at: 2022-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/943452/000114036122044669/0001140361-22-044669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/943452/000114036122044669/brhc10045145_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-044669
- JSON: https://secwatch.observer/filing/0001140361-22-044669.json
- Plain text: https://secwatch.observer/filing/0001140361-22-044669.txt

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