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Westinghouse Air Brake Technologies Executive Compensation (FY25)

WAB · Executive and director compensation, fiscal 2022 to 2025

The Westinghouse Air Brake Technologies brief, $1,500

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Data as of September 7, 2026Latest filing (8-K): May 15, 2026
12 filings cited on this page
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Westinghouse Air Brake Technologies brief$1,500Get the executive brief
234 figures on this page: 226 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Rafael Santana
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Rafael Santana: $20,974,319 → $26,181,461 (24.8% higher)
Say-on-pay support: 93.0% → 92.0% (1.0 points lower)
CEO pay ratio: 434:1 → 509:1 (17.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Westinghouse Air Brake Technologies' chief executive and what were they paid?
Rafael Santana was paid $26,181,461 in total compensation as President and Chief Executive Officer for fiscal 2025. Santana's total moved 24.8% higher from the $20,974,319 reported for fiscal 2024.
What was Westinghouse Air Brake Technologies' say-on-pay result?
The say-on-pay proposal drew 92.0% of votes cast including abstentions in favor at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in Westinghouse Air Brake Technologies' peer group?
Companies named in the disclosed peer group include AGCO Corporation, AMETEK, Inc., CSX Corporation, Dover Corporation and Eaton Corporation, among others.
What is Westinghouse Air Brake Technologies' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 509:1, against median employee compensation of $51,471.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rafael Santana
President and Chief Executive Officer
◇—◇—◇—◇◇
John Olin
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rafael Santana
President and Chief Executive Officer
◇—◇—◇—◇◇
John Olin
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rafael Santana
President and Chief Executive Officer
◇—◇—◇—◇◇
John Olin
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rafael Santana
President and Chief Executive Officer
◇—◇—◇—◇◇
John Olin
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Pascal Schweitzer
President, Transit
◇—◇—◇—◇◇
David DeNinno
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Eric Gebhardt
Executive Vice President and Chief Technology Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David DeNinnoRSU◇——◇——◇
David DeNinnoPSU◇◇◇—◇—◇
Eric GebhardtRSU◇——◇——◇
Eric GebhardtPSU◇◇◇—◇—◇
John OlinRSU◇——◇——◇
John OlinPSU◇◇◇—◇—◇
Pascal SchweitzerRSU◇——◇——◇
Pascal SchweitzerPSU◇◇◇—◇—◇
Rafael SantanaPSU◇◇◇—◇—◇
Rafael SantanaRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Eric GebhardtOption◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
David DeNinnoOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
Pascal SchweitzerOption◇—◇—
RSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
RSU◇◇——
Rafael SantanaRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
John OlinRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
David DeNinno
Executive Vice President, General Counsel and Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Eric Gebhardt
Executive Vice President and Chief Technology Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
John Olin
Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Change-in-control base◇
Equity acceleration on change in control◇
Pascal Schweitzer
President, Transit · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Rafael Santana
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Albert J. Neupaver
Board chair
◇◇————◇
Juan R. Perez
◇◇————◇
Linda A. Harty
Lead independent director
◇◇————◇
Beverley A. Babcock
◇◇————◇
Ann R. Klee
◇◇————◇
Lee C. Banks
◇◇————◇
Byron S. Foster
◇◇————◇
Brian P. Hehir
◇◇————◇
Rafael Santana served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AGCO Corporation AGCO
  • AMETEK, Inc. AME
  • CSX Corporation CSX
  • Dover Corporation DOV
  • Eaton Corporation ETN
  • Emerson Electric Co. EMR
  • Illinois Tool Works Inc. ITW
  • Ingersoll Rand, Inc. IR
  • Jacobs Solutions Inc. J
  • Norfolk Southern Corporation NSC
  • Oshkosh Corporation OSK
  • Parker Hannifin Corporation PH
  • Rockwell Automation, Inc. ROK
  • Snap-on Incorporated SNA
  • Stanley Black & Decker, Inc. SWK
  • Textron, Inc. TXT
  • The Timken Company TKR
  • The TransDigm Group TDG
  • Xylem, Inc. XYL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 15, 2020=◇◇◇
2018May 17, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Westinghouse Air Brake Technologies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Westinghouse Air Brake Technologies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
234 figures on this page: 226 cited to the filing that reported them, 8 calculated from figures it prints.
226 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001140361-26-021657
  2. 0001628280-26-022197
    2025 Non-Employee Director Compensation · 2025 Outstanding Equity Awards at Fiscal Year-End · CEO Pay Ratio · Compensation Discussion and Analysis · and 3 more sections
  3. 0001140361-25-019518
  4. 0001628280-25-016372
    Summary Compensation Table
  5. 0001140361-24-026782
  6. 0001140361-24-017812
    Summary Compensation Table
  7. 0001140361-23-025707
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-041902
    Summary Compensation Table
  9. 0001140361-22-020352
  10. 0001140361-21-018288
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001140361-20-012015
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001140361-19-009568
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Westinghouse Air Brake Technologies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/WAB (accessed 2026).
Short form: data: Velarion

The Westinghouse Air Brake Technologies brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Westinghouse Air Brake Technologies discloses

The companies named in WAB's own disclosed peer group.

AGCO CorporationAMETEK, Inc.CSX CorporationDover CorporationEaton CorporationEmerson Electric Co.Illinois Tool Works Inc.Ingersoll Rand, Inc.Jacobs Solutions Inc.Norfolk Southern CorporationOshkosh CorporationParker Hannifin CorporationRockwell Automation, Inc.Snap-on IncorporatedStanley Black & Decker, Inc.Textron, Inc.The Timken CompanyThe TransDigm GroupXylem, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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