Form 4: Curtiss-Wright Director Larry D. Wyche Acquires Shares Through Stock Plan

Director Larry D. Wyche acquired 46 shares of Curtiss-Wright Corp common stock through the company's 2014 Stock Plan for Non-employee Directors.

Summary

• On April 3, 2024, Larry D. Wyche, a director of Curtiss-Wright Corporation, acquired 46 shares of common stock.
• The acquisition was made through the company's 2014 Stock 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 $256.94, based on the closing price of Curtiss-Wright's common stock on April 1, 2024.
• Following the transaction, Wyche directly owns 1,067 shares of Curtiss-Wright common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction indicating a positive alignment of director interests with shareholders, but it's not a major event driving significant sentiment.

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

This type of stock acquisition by a director is a common practice in publicly traded companies to align the interests of board members with shareholders.

Comparison to Industry Standards

• Director compensation in the form of stock is a common practice among publicly traded companies, including those in the aerospace and defense industry like Lockheed Martin (LMT) and General Dynamics (GD).
• These companies often use stock plans to incentivize directors and align their interests with shareholders.
• The specific terms of these plans, such as the vesting schedule and the percentage of compensation paid in stock, can vary widely.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with theirs.

Key Dates