Form 4: Curtiss-Wright Director Acquires Shares
Statement of Changes in Beneficial Ownership
Glenda J. Minor, a Director at Curtiss-Wright Corp., acquired 221 shares of common stock through an incentive plan.
Summary
- Glenda J. Minor, a Director at Curtiss-Wright Corporation, acquired 221 shares of common stock on May 12, 2026.
- The acquisition was made under the Corporation's 2024 Omnibus Incentive Plan, allowing non-employee directors to defer restricted stock awards.
- The shares acquired represent a portion of a restricted stock award initially approved on February 16, 2021, with the reporting person electing to receive the award in five equal annual installments.
- The number of shares was calculated based on an award value of $125,000 divided by the stock price of $115.24 on February 16, 2021, rounded up and including dividend credits.
- The acquisition price for the 221 shares was $735.34, based on the closing market price on May 12, 2026.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting standard director compensation and a routine stock award transaction.
Positives
- Director acquisition of shares indicates confidence in the company's future prospects.
- The transaction is part of a pre-planned incentive award, suggesting a structured compensation and retention strategy.
Future Outlook
The filing does not contain specific forward-looking statements or guidance beyond the continuation of the installment plan for the restricted stock award.
Industry Context
StockSavvy.ai notes that insider stock acquisitions, particularly by directors, are often viewed positively by the market as they signal a belief in the company's intrinsic value and future performance. This transaction aligns with typical compensation practices for non-employee directors in the aerospace and defense sector.
Stakeholder Impact
- Shareholders: The acquisition by a director may be perceived as a positive signal of confidence in the company's value.
- Employees: The transaction is part of an executive compensation plan, reinforcing the company's incentive structure.
- Management: Demonstrates adherence to disclosure requirements for beneficial ownership changes.
Next Steps
- Continued receipt of annual installments of the restricted stock award over the next three years.
- Potential future transactions related to beneficial ownership as per SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 02/16/2021 | Date the Board initially approved the restricted stock award. |
| 05/12/2024 | Beginning of the five equal annual installments for the restricted stock award. |
| 05/12/2026 | Transaction date for the acquisition of 221 shares and date reporting person elected to receive her shares. |
| 05/14/2026 | Date of signature for the filing. |
Keywords
Curtiss-Wright Corp, Form 4, Insider Trading, Stock Acquisition, Director Compensation, Omnibus Incentive Plan, SEC Filing
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