Form 4: Curtiss-Wright CFO K. Christopher Farkas Reports Stock Transactions

K. Christopher Farkas, CFO of Curtiss-Wright, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On March 17, 2025, K. Christopher Farkas, CFO of Curtiss-Wright, acquired 2,243 shares of common stock 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.
• On March 18, 2025, Farkas sold 922 shares of common stock at an average price of $325.47, with prices ranging from $324.21 to $327.35.
• The sale was conducted to cover tax obligations associated with the vesting of the RSU award, in compliance with the company's share ownership guidelines.
• Following these transactions, Farkas beneficially owns 14,033 shares of Curtiss-Wright common stock.
• He also holds 10,894 derivative securities, which include dividend credits earned on prior outstanding grants.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive stock transactions, with no inherent positive or negative sentiment. It reflects standard compensation practices.

Positives

• The transactions are in compliance with the company's share ownership guidelines, indicating adherence to internal policies.
• The vesting of RSUs reflects the executive's continued service and contribution to the company over the three-year vesting period.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation and tax planning. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.

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.
• The reported average selling price of $325.47 is within a normal range for stock transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax planning.

Key Dates