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

Lynn Bamford, Chair and CEO of Curtiss-Wright Corp, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• Lynn Bamford, Chair and CEO of Curtiss-Wright Corporation, reported transactions involving Curtiss-Wright Corp [CW] common stock.
• On March 17, 2025, 7,113 shares were acquired through the vesting of restricted stock units (RSUs) granted on March 17, 2022, under the company's 2014 Omnibus Incentive Plan.
• These RSUs cliff vested after a three-year period.
• Also on March 18, 2025, 3,131 shares were sold at an average price of $325.41, with prices ranging from $323.24 to $327.65.
• 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 42,887 shares of Curtiss-Wright common stock and 19,508 restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing reflects routine executive stock transactions related to compensation and tax obligations.

Positives

• The vesting of restricted stock units indicates a reward for performance or tenure.
• The sale of shares to cover tax obligations is a common practice and doesn't necessarily indicate a negative outlook on the company.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They are often related to compensation plans and personal financial management rather than a direct reflection of the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time.
• Selling shares to cover tax obligations upon vesting is a standard practice among executives in publicly traded companies.
• Share ownership guidelines are common to align executive interests with those of shareholders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The sale of shares is unlikely to significantly affect the stock price.

Key Dates