Form 4: Curtiss-Wright Director Bruce D. Hoechner Acquires Shares Through Incentive Plan

Director Bruce D. Hoechner acquired 1,110 shares of Curtiss-Wright stock through the company's 2014 Omnibus Incentive Plan.

Summary

• Bruce D. Hoechner, a director at Curtiss-Wright Corporation, acquired 1,110 shares of common stock on December 16, 2024.
• The shares were acquired through the company's 2014 Omnibus Incentive Plan, where non-employee directors can elect to defer compensation or receive their annual retainer and meeting fees in stock.
• The price per share was $385.02, based on the closing market price on the New York Stock Exchange on December 16, 2024.
• The number of shares was calculated based on the value of the award divided by the closing price of $116.16 on February 6, 2019, when the board initially approved the award.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns 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 2014 Omnibus Incentive Plan aligns director compensation with shareholder interests.

Industry Context

This is a standard transaction for director compensation, aligning their interests with shareholders through equity ownership.

Comparison to Industry Standards

• Director compensation through stock awards is a common practice among publicly traded companies.
• Many companies use omnibus incentive plans to grant stock to directors as part of their compensation packages.
• The specific terms of the plan and the timing of the award are typical for this type of transaction.

Stakeholder Impact

• The share acquisition by a director can be viewed positively by shareholders as it aligns director interests with company performance.

Key Dates

Keywords

Curtiss-Wright, Director, Share Acquisition, Incentive Plan, Stock, Bruce D. Hoechner, Compensation