Form 4: Curtiss-Wright Director Acquires Shares Through Deferred Compensation Plan

Director Dean M. Flatt acquired 725 shares of Curtiss-Wright stock through the company's 2024 Omnibus Incentive Plan.

Summary

• Dean M. Flatt, a director at Curtiss-Wright Corporation, acquired 725 shares of common stock on January 2, 2025.
• The shares were acquired through the company's 2024 Omnibus Incentive Plan, which allows non-employee directors to defer compensation and receive stock.
• The acquisition price was $351.35 per share, based on the closing market price on the New York Stock Exchange on the date the shares were awarded.
• Following the transaction, Mr. Flatt's total direct holdings in Curtiss-Wright common stock increased to 11,332 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of the 2024 Omnibus Incentive Plan aligns director compensation with shareholder interests.

Industry Context

This transaction is a routine part of director compensation practices, where stock awards are used to align the interests of directors with those of shareholders. It is common for companies to use stock-based compensation plans to attract and retain board members.

Comparison to Industry Standards

• Many companies in the aerospace and defense industry, such as Lockheed Martin (LMT) and General Dynamics (GD), use similar stock-based compensation plans for their directors.
• These plans are designed to incentivize directors to focus on long-term value creation for shareholders.
• The use of an omnibus incentive plan is a standard practice for public companies to manage director compensation.

Stakeholder Impact

• The share acquisition by a director can be viewed positively by shareholders as it demonstrates confidence in the company.
• The use of stock-based compensation aligns director interests with those of shareholders.

Key Dates

Keywords

Curtiss-Wright, Director, Share Acquisition, Omnibus Incentive Plan, Deferred Compensation, Stock, CW