Form 4: Curtiss-Wright Director Larry D. Wyche Reports Acquisition of 207 Shares of Common Stock

Director Larry D. Wyche reports acquiring 207 shares of Curtiss-Wright common stock as part of the company's 2024 Omnibus Incentive Plan.

Summary

• On February 5, 2025, Larry D. Wyche, a director of Curtiss-Wright Corporation, acquired 207 shares of common stock.
• The acquisition was part of the company's 2024 Omnibus Incentive Plan, which provides non-employee directors with an annual grant of restricted stock.
• The shares were awarded for service on the board.
• The price per share was $350.93, based on the closing price of Curtiss-Wright's common stock on February 5, 2025.
• The total value of the stock award granted to non-employee directors is $145,000, with the number of shares rounded up to the nearest whole share.
• This report reflects 50% of the reporting person's annual restricted stock award, with the remaining 50% (207 shares) deferred to a later date.
• Following the transaction, Wyche directly owns 1,386 shares of Curtiss-Wright common stock.
• The restrictions on these shares lapse upon the shorter of (a) one year from the date of grant or (b) until such time as the service of the recipient as a Non-employee Director of the Company shall have ended by reason of his or her (i) death or disability or (ii) failure to be reelected.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's stock acquisition indicates confidence in the company. The filing itself is a routine disclosure.

Positives

• Director's acquisition of shares signals confidence in the company.
• The 2024 Omnibus Incentive Plan incentivizes non-employee directors.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It reflects standard practices for incentivizing board members.

Comparison to Industry Standards

• Director compensation packages including stock awards are common practice among publicly traded companies to align director interests with shareholder value.
• Companies like TransDigm Group Incorporated, HEICO Corporation, and Teledyne Technologies Incorporated also utilize stock-based compensation for their directors.
• The specific value and structure of these awards vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The director's stock acquisition could have a slightly positive impact on shareholder sentiment.
• The stock award incentivizes the director to act in the best interests of the shareholders.

Key Dates