Form 4: Curtiss-Wright Director Larry D. Wyche Acquires Shares Through Retainer Program

Director Larry D. Wyche acquired 43 shares of Curtiss-Wright Corp common stock on July 1, 2024, through the company's 2024 Omnibus Incentive Plan for Non-employee Directors.

Summary

• On July 1, 2024, Larry D. Wyche, a director of Curtiss-Wright Corporation, acquired 43 shares of common stock.
• The acquisition was made through the Corporation's 2024 Omnibus Incentive Plan for Non-employee Directors.
• Wyche elected to receive his annual retainer and meeting fees in the form of stock.
• The price per share was $270.98, based on the closing market price on June 30, 2024.
• Following the transaction, Wyche directly owns 1,110 shares of Curtiss-Wright common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's stock acquisition signals confidence in the company, and the use of an incentive plan is a standard corporate governance practice.

Positives

• The acquisition reflects Wyche's confidence in Curtiss-Wright's future prospects.
• The use of the Omnibus Incentive Plan aligns director compensation with shareholder interests.

Industry Context

Director stock ownership is generally viewed positively as it aligns management's interests with those of shareholders. Incentive plans that allow directors to receive stock in lieu of cash compensation are common practice.

Comparison to Industry Standards

• Director compensation structures vary across the aerospace and defense industry, but equity-based compensation is a common component.
• Companies like TransDigm Group Incorporated and Heico Corporation also utilize stock-based compensation for their directors to align their interests with shareholders.
• The amount of stock awarded to directors is generally based on company size, performance, and industry benchmarks.

Stakeholder Impact

• Shareholders may view the director's stock acquisition positively, as it aligns interests.
• The use of the Omnibus Incentive Plan reinforces the company's commitment to good corporate governance.

Key Dates