Form 4: Curtiss-Wright Director Larry D. Wyche Acquires Shares Through Retainer Election
SEC Form 4
Director Larry D. Wyche acquired 36 shares of Curtiss-Wright Corp common stock through the company's 2024 Omnibus Incentive Plan by electing to receive his annual retainer in the form of stock.
Summary
- On October 2, 2024, Larry D. Wyche, a director of Curtiss-Wright Corporation, acquired 36 shares of common stock.
- The acquisition was made through the company's 2024 Omnibus Incentive Plan.
- Wyche elected to receive his annual retainer and meeting fees in the form of stock.
- The price per share was $328.7, based on the closing market price on September 30, 2024.
- Following the transaction, Wyche directly owns 1,146 shares of Curtiss-Wright Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director taking compensation in stock is generally a good sign, indicating confidence in the company's future performance.
Positives
- Director's decision to take retainer in stock shows confidence in the company.
Industry Context
Directors receiving stock in lieu of cash compensation is a fairly common practice, especially in larger companies. It aligns director interests with shareholder interests.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Stock compensation plan | Non-employee directors may elect to receive their annual retainer and meeting fees in the form of stock under the 2024 Omnibus Incentive Plan. | 2024 | Aligns director interests with shareholder interests. |
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Closing market price used to calculate stock acquisition. |
| 10/02/2024 | Date of stock acquisition by Larry D. Wyche. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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