Form 4: Curtiss-Wright Director Anthony J. Moraco Reports Acquisition of 414 Shares

Director Anthony J. Moraco reports acquisition of 414 shares of Curtiss-Wright common stock as part of the company's 2024 Omnibus Incentive Plan.

Summary

• On February 5, 2025, Anthony J. Moraco, a director of Curtiss-Wright Corporation, acquired 414 shares of common stock.
• The acquisition was part of the company's 2024 Omnibus Incentive Plan, which provides non-employee directors with an annual grant of restricted stock for their service on the board.
• The shares were awarded based on a valuation of $350.93 per share, totaling approximately $145,000.
• The restrictions on these shares will lapse one year from the date of grant or upon the end of the director's service due to death, disability, or failure to be re-elected.
• Following the transaction, Moraco directly owns 5,190 shares of Curtiss-Wright common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The grant of shares to non-employee directors aligns their interests with those of shareholders.
• The vesting schedule encourages continued service on the board.

Industry Context

This filing is a routine disclosure of stock awards to directors, a common practice in publicly traded companies to incentivize and retain board members.

Comparison to Industry Standards

• Stock grants to non-employee directors are a standard practice across publicly traded companies.
• The size of the grant ($145,000) is within the typical range for companies of Curtiss-Wright's size and industry.
• Companies like TransDigm Group Incorporated, HEICO Corporation, and Huntington Ingalls Industries also utilize stock grants as part of their director compensation packages.

Stakeholder Impact

• The stock grant aligns the interests of the director with those of the shareholders.
• The vesting schedule encourages continued service on the board, which benefits the company and its stakeholders.

Key Dates