Form 4: Curtiss-Wright Director Acquires Shares Through Incentive Plan
SEC Form 4 Filing
Anthony J. Moraco, a director at Curtiss-Wright Corporation, acquired 102 shares of common stock through the company's 2024 Omnibus Incentive Plan.
Summary
- On July 1, 2024, Anthony J. Moraco, a director of Curtiss-Wright Corporation, acquired 102 shares of common stock.
- The acquisition was made through the company's 2024 Omnibus Incentive Plan, where non-employee directors can elect to receive their annual retainer and meeting fees in the form of stock.
- The price per share was $270.98, based on the closing market price on the New York Stock Exchange as of June 30, 2024.
- Following the transaction, Moraco directly owns 4,614 shares of Curtiss-Wright common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction under an existing incentive plan, indicating confidence from the director but not necessarily a major market-moving event.
Positives
- The director's participation in the incentive plan demonstrates confidence in the company's future.
- The acquisition increases the director's alignment with shareholder interests.
Industry Context
Director share acquisitions are common and often viewed positively as they align management's interests with those of shareholders. Incentive plans are a typical component of executive compensation packages.
Stakeholder Impact
- The acquisition signals to shareholders that the director has a vested interest in the company's performance.
Key Dates
| Date | Description |
|---|---|
| June 30, 2024 | Date used to determine the closing market price of $270.98 per share. |
| July 1, 2024 | Date of the transaction where Anthony J. Moraco acquired 102 shares. |
| July 2, 2024 | Date of signature on the Form 4 filing. |
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