Form 4: Curtiss-Wright CFO K. Christopher Farkas Sells Shares Under 10b5-1 Plan

K. Christopher Farkas, CFO of Curtiss-Wright Corporation, sold 880 shares of common stock on March 20, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 20, 2024, K. Christopher Farkas, the Vice President and CFO of Curtiss-Wright Corporation, sold 880 shares of the company's common stock.
• The sale was executed at a weighted average price of $244.2 per share.
• The transaction was conducted under a pre-existing 10b5-1 trading plan.
• Following the transaction, Farkas directly owns 9,172 shares of Curtiss-Wright common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO in this case, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates