Form 4: Curtiss-Wright CEO Lynn M. Bamford Receives Restricted Stock Unit Grant

Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation, was granted 5,630 restricted stock units (RSUs) on March 10, 2025, under the company's 2024 Omnibus Incentive Plan.

Summary

• On March 10, 2025, Lynn M. Bamford, the Chair and CEO of Curtiss-Wright Corporation, received a grant of 5,630 restricted stock units (RSUs).
• The grant was made under the company's 2024 Omnibus Incentive Plan.
• Each RSU represents a contingent right to receive one share of Curtiss-Wright common stock.
• The RSUs will vest after a three-year period from the grant date, on March 10, 2028.
• The reporting person directly owns 26,621 shares of common stock, including dividend credits earned on prior outstanding grants.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management with shareholder interests.

Positives

• The grant of RSUs aligns the CEO's interests with those of the shareholders, incentivizing long-term performance.
• The vesting period of three years encourages a long-term focus.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Executive compensation packages often include stock-based awards like RSUs to align management's interests with shareholder value. This grant is a typical component of executive compensation in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages in similar industrial companies often include a mix of salary, bonus, and equity-based compensation.
• RSUs are a common form of equity compensation, vesting over a period of years to incentivize long-term performance.
• The size of the RSU grant is likely determined based on factors such as company performance, industry benchmarks, and the executive's role and responsibilities.
• Comparable companies such as TransDigm Group Incorporated, HEICO Corporation, and Teledyne Technologies Incorporated also utilize RSU grants as part of their executive compensation packages.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the CEO to drive long-term value.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Key Dates