Form 4: Curtiss-Wright CEO Lynn Bamford Reports Stock Transactions

Lynn Bamford, Chair and CEO of Curtiss-Wright Corporation, reports the acquisition of shares through a restricted stock unit grant and the sale of shares to cover tax obligations.

Summary

• On March 19, 2024, Lynn Bamford, Chair and CEO of Curtiss-Wright Corporation, acquired 5,920 shares of common stock through a restricted stock unit grant under the company's 2014 Long Term Incentive Plan.
• These units vest into common stock shares after a three-year vesting period.
• On the same day, Bamford sold 2,620 shares at a price of $243.6 per share.
• The sale was conducted to cover tax obligations associated with the vesting of the award, in compliance with the company's share ownership guidelines.
• Following these transactions, Bamford directly owns 35,773 shares of Curtiss-Wright common stock and 20,932 restricted stock units.
• The price of the restricted stock units is based on the closing market price for the securities on the New York Stock Exchange as of March 19, 2024, which was $244.73.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document reports routine stock transactions by the CEO. The acquisition of shares through restricted stock units is a positive sign, while the sale of shares to cover tax obligations is a normal occurrence.

Positives

• The acquisition of shares through the restricted stock unit grant demonstrates continued alignment of the CEO's interests with those of the shareholders.
• The sale of shares was conducted in compliance with the company's share ownership guidelines, ensuring transparency and adherence to corporate governance practices.

Industry Context

Executive stock transactions are common and closely monitored, providing insights into management's confidence in the company's future performance. This filing is a routine disclosure required by the SEC.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
• Employees may view the restricted stock unit grant as a positive aspect of the company's compensation plan.

Key Dates