Form 4: Curtiss-Wright Director Glenda J. Minor Acquires Shares Through Stock Plan

Glenda J. Minor, a director of Curtiss-Wright Corporation, acquired 221 shares of common stock through the company's 2014 Stock Plan for Non-employee Directors on May 13, 2024.

Summary

• On May 13, 2024, Glenda J. Minor, a director of Curtiss-Wright Corporation, acquired 221 shares of common stock.
• The acquisition was made through the company's 2014 Stock Plan for Non-employee Directors.
• The shares were acquired at a price of $273.01 per share, based on the closing market price on the New York Stock Exchange on that date.
• Following the transaction, Minor directly owns 1,882 shares of Curtiss-Wright common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares through a stock plan is generally a good sign, indicating confidence in the company. However, the transaction is relatively small and part of a pre-existing plan, so the impact is limited.

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 a common practice, often seen as a positive signal to the market, indicating confidence in the company's prospects. This is especially true when the acquisition is through a pre-existing stock plan.

Comparison to Industry Standards

• Director stock ownership is a common practice across publicly traded companies.
• Stock plans for non-employee directors are a typical component of compensation packages, aligning director interests with shareholder value.
• The level of ownership is not significant enough to be considered unusual.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders, as it signals confidence from a director.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be negligible.

Key Dates