Form 4: Curtiss-Wright Director Acquires Shares Through Stock Plan

Sentiment:

SEC Form 4 Filing


Anthony J. Moraco, a director at Curtiss-Wright Corporation, acquired 108 shares of common stock through the company's 2014 Stock Plan for Non-employee Directors.

Summary

  • On April 3, 2024, Anthony J. Moraco, a director of Curtiss-Wright Corporation, acquired 108 shares of common stock.
  • The acquisition was made through the company's 2014 Stock Plan for Non-employee Directors.
  • Non-employee directors can elect to receive their annual retainer and meeting fees in the form of stock.
  • The price per share was $256.94, based on the closing price of Curtiss-Wright's common stock on April 1, 2024.
  • Following the transaction, Moraco directly owns 4,512 shares of Curtiss-Wright common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating director's participation in the company's stock plan, which is generally viewed as a positive sign of alignment with shareholder interests.

Positives

  • The director's participation in the stock plan demonstrates confidence in the company's future.
  • The stock plan aligns the interests of non-employee directors with those of shareholders.

Industry Context

Directors acquiring shares in their own companies is generally viewed positively by the market, as it signals confidence in the company's prospects. This is a routine transaction related to director compensation.

Stakeholder Impact

  • The transaction has a minor positive impact on shareholders as it signals confidence from a director.

Key Dates

DateDescription
04/01/2024Date used to determine the price per share for the stock acquisition ($256.94).
04/03/2024Date of the stock acquisition by Anthony J. Moraco.

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