Form 4: Curtiss-Wright Director Larry D. Wyche Acquires Shares Through Retainer Election
SEC Form 4 Filing
Director Larry D. Wyche acquired 33 shares of Curtiss-Wright stock on January 2, 2025, through an election to receive his annual retainer in the form of stock.
Summary
- Larry D. Wyche, a director at Curtiss-Wright Corporation, acquired 33 shares of common stock on January 2, 2025.
- The shares were acquired through the company's 2024 Omnibus Incentive Plan.
- Non-employee directors can elect to receive their annual retainer and meeting fees in the form of stock.
- The price per share was $354.87, based on the closing market price on December 31, 2024.
- The total number of shares owned by the director after the transaction is 1,179.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction, indicating a positive alignment of director interests with shareholders, but it is not a major event.
Positives
- The director's decision to take his retainer in stock shows confidence in the company's future.
- The 2024 Omnibus Incentive Plan provides a mechanism for directors to align their interests with shareholders.
Industry Context
This is a standard transaction for directors who elect to receive their compensation in the form of company stock, aligning their interests with shareholders.
Comparison to Industry Standards
- Many public companies offer similar stock-based compensation plans for their directors.
- The practice of directors receiving stock as part of their compensation is common across various industries, including aerospace and defense, where Curtiss-Wright operates.
- This type of transaction is similar to those seen at companies like Lockheed Martin and General Dynamics, where directors often receive stock as part of their compensation packages.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date used to determine the closing market price of the stock for the transaction. |
| 01/02/2025 | Date of the stock acquisition by Larry D. Wyche. |
| 01/06/2025 | Date the Form 4 was signed. |
Keywords
Curtiss-Wright, Director, Stock Acquisition, Omnibus Incentive Plan, Retainer, Share Ownership, Form 4
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.