Form 4: Curtiss-Wright COO Acquires Shares via ESPP

Curtiss-Wright's Executive VP and COO, Kevin Rayment, acquired 10 shares of common stock through the company's Employee Stock Purchase Plan at a discounted price.

Summary

• Kevin Rayment, Executive VP and COO of Curtiss-Wright Corporation (CW), acquired 10 shares of common stock.
• The acquisition occurred on January 5, 2026, at a price of $472.17 per share.
• Shares were acquired through the Issuer's Employee Stock Purchase Plan (ESPP), which offers a 15% discount on the average selling price of the common stock on December 31, 2025.
• Following this transaction, Kevin Rayment directly beneficially owns 25,912 shares of Curtiss-Wright common stock.
• The transaction is exempt under SEC Rules 16b-3(d) and 16b-3(c).

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive, even through a routine ESPP, generally signals confidence in the company's prospects and aligns management's interests with shareholders.

Positives

• Executive VP and COO Kevin Rayment increased his direct ownership in Curtiss-Wright, signaling continued confidence in the company's future.
• Participation in the Employee Stock Purchase Plan (ESPP) demonstrates management's alignment with shareholder interests.
• The acquisition was made at a discounted price of $472.17 per share, representing a 15% discount from the market price on December 31, 2025.

Negatives

• No significant negative aspects are indicated in this Form 4 filing.

Risks

• No specific risks are detailed in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance.

Management Comments

• Shares were acquired pursuant to the Issuer's Employee Stock Purchase Plan ('ESPP'), under which the Reporting Person agrees to payroll deductions prior to the commencement of a six-month offering period whereby the payroll deductions are accumulated for the purchase of shares at the end of the offering period.
• In accordance with the terms of the ESPP, the purchase price is calculated by giving a 15% discount on the average selling price of the Issuer's common stock price on December 31, 2025, the last day of the offering period.

Industry Context

This Form 4 filing is specific to insider transactions at Curtiss-Wright and does not provide broader industry context.

Comparison to Industry Standards

• This Form 4 filing does not provide information for comparison to industry standards or specific comparable companies/projects.

Management Changes

Corporate Governance

Legal Proceedings

• No legal proceedings or regulatory matters are mentioned in this filing.

Related Party Transactions

• The transaction involves the acquisition of shares by an executive through a standard Employee Stock Purchase Plan (ESPP), which is a common employee benefit and not typically considered a related party transaction in the context of unusual dealings.

Stakeholder Impact

• Shareholders: May view the executive's increased ownership as a positive signal of confidence in the company's future performance.
• Employees: The Employee Stock Purchase Plan (ESPP) provides a benefit to participating employees, fostering alignment with company success.

Next Steps

• No specific future actions, events, or milestones are mentioned in this filing.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of a small number of shares by an executive through an Employee Stock Purchase Plan. While it indicates management's continued alignment and confidence, it is not a significant event that would typically alter an investment recommendation for a seasoned investor or institution. The transaction is part of a standard employee benefit program and does not suggest a material change in the company's fundamentals or outlook.

Keywords

Curtiss-Wright, CW, Form 4, Insider Trading, Stock Purchase, ESPP, Executive Compensation, Kevin Rayment