Form 4: Curtiss-Wright Corp Executive Acquires Restricted Stock Units

Gary A. Ogilby, VP & Corporate Controller of Curtiss-Wright Corp, acquired 294 restricted stock units on March 14, 2024, as part of an employee benefit transaction.

Summary

• Gary A. Ogilby, VP & Corporate Controller of Curtiss-Wright Corp, filed a Form 4 on March 15, 2024.
• On March 14, 2024, Ogilby acquired 294 restricted stock units (RSUs) of Curtiss-Wright Corp common stock.
• The acquisition was part of an employee benefit transaction approved by the Executive Compensation Committee of the Board of Directors.
• The price of the stock on the date of the award was $240.97.
• Following the transaction, Ogilby beneficially owns 5,209 derivative securities.
• The restricted stock units vest on March 15, 2026.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices, indicating confidence in the company's future.

Positives

• The acquisition of restricted stock units indicates confidence in the company's future performance from a key executive.

Industry Context

Executive compensation through stock options and restricted stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock units, are common across the aerospace and defense industry.
• Companies like TransDigm Group, Heico, and Huntington Ingalls Industries also utilize stock-based compensation to incentivize their executives.
• The specific amount and vesting schedule of RSUs vary based on company size, performance, and individual executive roles.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates