Olin John A 4: 11,000 shares of WAB ($2,896,300)

Our Take

→The timing matters here: Olin, Wabtec's President and CEO, is trimming a position worth nearly $3M at a moment when the rail-equipment sector is catching its breath after a multi-year infrastructure boom. This isn't a panic sale—the size is modest relative to typical CEO holdings—but it suggests caution about valuation or near-term growth visibility as the freight-rail market normalizes from peak activity.