Form 4: Curtiss-Wright COO Rayment Acquires, Sells Shares

Curtiss-Wright's Executive VP and COO, Kevin Rayment, acquired 6,618 shares through a performance grant and subsequently sold 2,634 shares to cover tax obligations.

Summary

• Kevin Rayment, Executive VP and COO of Curtiss-Wright Corporation, acquired 6,618 shares of common stock on February 3, 2026.
• The acquisition was a performance share grant under the Company's 2014 Long Term Incentive Plan, based on the company's three-year total shareholder return against its peer group.
• The shares were valued at $674.32 each, based on the closing price on the vesting date.
• On February 4, 2026, Rayment sold 2,634 shares of common stock at an average price of $626.33.
• This sale was conducted to cover individual income tax obligations related to the vesting of the award, in compliance with the company's share ownership guidelines.
• Following these transactions, Kevin Rayment beneficially owns 29,896 shares of Curtiss-Wright Common Stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive. The performance share grant indicates strong company performance relative to its peer group, reflecting positively on management's execution. The subsequent sale for tax purposes is a standard practice and does not signal a negative outlook.

Positives

• Executive VP and COO Kevin Rayment received a performance share grant of 6,618 shares, indicating achievement of performance targets related to the company's three-year total shareholder return against its peer group.
• The acquisition price of the performance shares was $674.32, reflecting a high valuation for the company's stock at the time of vesting.

Negatives

• Executive VP and COO Kevin Rayment sold 2,634 shares of common stock, reducing his direct beneficial ownership.
• The average selling price of $626.33 was lower than the acquisition price of the performance shares ($674.32).

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported in a Form 4, provide insights into executive compensation structures and individual financial planning, rather than broader industry trends. While the performance-based grant reflects company success relative to peers, the subsequent sale for tax purposes is a common practice and not indicative of a change in industry outlook.

Comparison to Industry Standards

• StockSavvy.ai observes that performance share grants tied to total shareholder return against a peer group are a standard practice in executive compensation across various industries, including aerospace and defense, which is relevant to Curtiss-Wright.
• The sale of shares to cover tax obligations upon vesting is also a routine and widely accepted practice for executives receiving equity compensation, seen in companies like General Dynamics, Lockheed Martin, and Raytheon Technologies, where executives often sell a portion of vested restricted stock units or performance shares to manage tax liabilities.

Stakeholder Impact

• Shareholders: The performance grant suggests strong company performance, which is positive for shareholders. The executive's sale for tax purposes is a routine event and unlikely to have a significant direct impact on other shareholders beyond the minor increase in float.
• Employees: The performance-based compensation structure could serve as an incentive for other employees.

Key Dates

Recommendation

The filing details a routine insider transaction involving a performance-based share grant and a subsequent sale to cover tax obligations. While the grant reflects positive company performance, the sale is a common practice and does not indicate a change in the company's fundamental outlook or warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while monitoring future developments.

Keywords

Curtiss-Wright, CW, Kevin Rayment, Insider Trading, Form 4, Stock Transaction, Performance Shares, Executive Compensation, Share Sale, Tax Obligations