Form 4: Curtiss-Wright Corp Executive Paul J. Ferdenzi Reports Share Transactions

Paul J. Ferdenzi, Vice President and Corp. Sec. of Curtiss-Wright Corporation, reports acquisition and disposal of company shares on March 19, 2024.

Summary

• On March 19, 2024, Paul J. Ferdenzi, Vice President and Corp. Sec. of Curtiss-Wright Corporation, reported transactions involving Curtiss-Wright common stock.
• Ferdenzi acquired 1,904 shares through a restricted share unit grant under the company's 2014 Long Term Incentive Plan at a price of $0.
• These units vest in common stock shares of Curtiss-Wright Common Stock after a three-year vesting period.
• Ferdenzi also sold 845 shares at $243.65 per share to cover tax obligations associated with the vesting of the award.
• Following these transactions, Ferdenzi beneficially owns 18,442 shares of Curtiss-Wright common stock.
• Additionally, Ferdenzi holds 9,971 derivative securities in the form of restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions are routine and related to executive compensation and tax obligations.

Positives

• The acquisition of shares through the restricted share unit grant indicates a long-term incentive alignment between the executive and the company's performance.

Negatives

• The sale of shares, although for tax obligations, could be perceived negatively by some investors if not properly understood.

Risks

• Executive stock sales, even for tax purposes, can sometimes create short-term price volatility.

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 change in the company's prospects but are part of the executive's personal financial management.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock units, are standard practice among publicly traded companies like Curtiss-Wright.
• Companies such as TransDigm Group Incorporated and HEICO Corporation, which operate in similar industries, also utilize stock-based compensation to align executive interests with shareholder value.
• The vesting periods and terms of these grants are generally comparable across the industry.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are part of normal executive compensation practices.

Key Dates