Form 4: Curtiss-Wright Director Anthony J. Moraco Acquires Shares Through Retainer Election
SEC Form 4
Director Anthony J. Moraco acquired 84 shares of Curtiss-Wright Corp common stock through the company's 2024 Omnibus Incentive Plan by electing to receive his annual retainer in the form of stock.
Summary
- On October 2, 2024, Anthony J. Moraco, a director of Curtiss-Wright Corporation, acquired 84 shares of common stock.
- The acquisition was made through the company's 2024 Omnibus Incentive Plan.
- Moraco elected to receive his annual retainer and meeting fees in the form of stock.
- The price per share was $328.7, based on the closing market price on September 30, 2024.
- Following the transaction, Moraco directly owns 4,698 shares of Curtiss-Wright Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director taking compensation in stock is generally a good sign, indicating confidence in the company's future.
Positives
- Director's decision to take retainer in stock shows confidence in the company.
Industry Context
This is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.
Related Party Transactions
- The stock acquisition is a related party transaction as it involves a director receiving compensation in the form of company stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares acquired as part of a director's compensation.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date used to determine the closing market price of $328.7 per share for the stock acquisition. |
| 10/02/2024 | Date of the transaction where Anthony J. Moraco acquired 84 shares of Curtiss-Wright common stock. |
| 10/03/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.