Form 4: Curtiss-Wright Director Discloses Dividend Reinvestment Plan Share Acquisitions and Prior Reporting Oversight
Insider Transaction Report
A director at Curtiss-Wright Corporation has filed a Form 4 to report several small share acquisitions through a dividend reinvestment plan, including transactions that were inadvertently not reported on a previous Form 5.
Summary
- Glenda J. Minor, a Director of Curtiss-Wright Corporation (CW), reported the acquisition of common stock shares through the company's dividend reinvestment plan (DRIP).
- On July 5, 2024, 1.064 shares were acquired at a price of $270.21 per share.
- On October 11, 2024, 0.833 shares were acquired at a price of $345.44 per share.
- On December 3, 2024, 0.783 shares were acquired at a price of $367.96 per share.
- These three transactions (July, October, December 2024) were eligible for deferred reporting on Form 5 but were inadvertently not reported for the period ending December 31, 2024.
- On April 14, 2025, an additional 1.33 shares were acquired at a price of $318.45 per share, also via DRIP, and were reported early on this Form 4.
- Following these transactions, Glenda J. Minor beneficially owns a total of 2,250.01 shares of Curtiss-Wright Common Stock directly.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive due to the director's continued acquisition of shares through dividend reinvestment, indicating confidence. However, this is slightly tempered by the disclosure of an inadvertent failure to report previous transactions on time, which is a minor compliance negative.
Positives
- The acquisitions represent an increase in the director's direct ownership in the company, which can be viewed as a positive signal of confidence.
- The transactions occurred through a dividend reinvestment plan, indicating a long-term investment strategy rather than speculative trading.
Negatives
- The reporting person inadvertently failed to report three transactions on a prior Form 5 for the period ending December 31, 2024, indicating a compliance oversight.
Risks
- The inadvertent failure to report transactions on a timely Form 5, as noted for the period ending December 31, 2024, highlights a minor compliance risk related to insider reporting obligations.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Management Comments
- The reporting person inadvertently failed to report such transaction on Form 5 for the period ending December 31, 2024.
- The reporting person has chosen to report such transaction early on this Form 4.
Industry Context
This Form 4 filing is specific to insider transactions at Curtiss-Wright Corporation and does not provide broader industry context or trends.
Comparison to Industry Standards
- This document reports routine insider transactions (dividend reinvestment) and a compliance correction, which are not typically compared to industry-wide operational or financial benchmarks. The focus is on adherence to SEC reporting requirements for insiders.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compliance Correction | The filing corrects an inadvertent failure by the reporting person to report three dividend reinvestment transactions on a Form 5 for the period ending December 31, 2024. | 06/13/2025 | This correction demonstrates the company's and the insider's commitment to regulatory compliance, albeit after an initial oversight. It reinforces transparency in insider holdings. |
Stakeholder Impact
- Shareholders: The increase in director ownership through dividend reinvestment may be viewed positively as a sign of management's alignment with shareholder interests. The compliance correction ensures accurate public records of insider holdings.
Next Steps
- The reporting person has now corrected the prior reporting oversight by including the previously unreported transactions in this Form 4.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Transaction date for the acquisition of 1.064 shares of Common Stock via dividend reinvestment plan. |
| 10/11/2024 | Transaction date for the acquisition of 0.833 shares of Common Stock via dividend reinvestment plan. |
| 12/03/2024 | Transaction date for the acquisition of 0.783 shares of Common Stock via dividend reinvestment plan. |
| 12/31/2024 | End of the reporting period for which three dividend reinvestment transactions were inadvertently not reported on Form 5. |
| 04/14/2025 | Transaction date for the acquisition of 1.33 shares of Common Stock via dividend reinvestment plan, reported early on this Form 4. |
| 06/13/2025 | Date the Form 4 was signed by Power of Attorney for Glenda J. Minor. |
Recommendation
holdKeywords
Curtiss-Wright Corporation, CW, Form 4, Insider Trading, Director Stock Acquisition, Dividend Reinvestment Plan, SEC Filing, Beneficial Ownership, Corporate Governance
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