Form 4: Curtiss-Wright Director Peter Wallace Acquires Shares Through Deferred Compensation Plan

Curtiss-Wright Corporation Director Peter C. Wallace acquired 221 shares of common stock on June 2, 2025, as part of a deferred compensation arrangement from an award earned in 2021.

Summary

• Peter C. Wallace, a Director of Curtiss-Wright Corporation (CW), acquired 221 shares of common stock.
• The transaction occurred on June 2, 2025, with a price of $443.22 per share, based on the closing market price on the date of receipt.
• These shares were acquired through the Corporation's 2014 Omnibus Incentive Plan, which allows non-employee directors to defer compensation.
• The acquisition represents an annual restricted stock award earned in 2021, which the director elected to defer until June 1, 2025.
• The 221 shares constitute 20% of the total restricted stock award, as the reporting person chose to receive the award in five equal installments starting June 1, 2025.
• The number of shares was calculated based on an award value of $125,000 divided by the February 16, 2021, closing price of $115.24, and includes dividend credits.
• Following this transaction, Peter C. Wallace beneficially owns a total of 5,207 shares of Curtiss-Wright common stock.

Sentiment

Score: 7

Explanation: The transaction is a positive signal of insider ownership and alignment, stemming from a pre-existing compensation plan. The significant increase in stock price from the award date to the receipt date reflects strong company performance, which is a positive indicator. It's a routine, expected event, not a speculative open-market purchase, hence a moderate-to-high positive score.

Positives

• The acquisition of shares by a director, even if deferred compensation, indicates continued alignment of interests with shareholders.
• The transaction is part of a pre-existing, approved incentive plan, demonstrating structured and transparent compensation practices.
• The significant increase in the share price from $115.24 (award calculation date in 2021) to $443.22 (receipt date in 2025) suggests substantial value appreciation for the company's stock over that period.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction related to deferred compensation for a director at Curtiss-Wright Corporation, a diversified industrial company. Such transactions are common across industries for executive and director compensation plans and do not inherently reflect broader industry trends beyond general market conditions influencing stock prices.

Comparison to Industry Standards

• This type of filing is not suitable for direct comparison to industry-specific operational or financial benchmarks, as it pertains to an individual's compensation and stock ownership rather than company performance metrics.
• The transaction is consistent with standard executive compensation practices involving deferred equity awards, which are common among publicly traded companies in sectors like industrial manufacturing and aerospace, including peers such as General Electric, Honeywell, or Raytheon Technologies.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Director Peter C. Wallace from Curtiss-Wright Corporation is a related-party transaction, specifically a compensation-related equity award under an approved incentive plan.

Stakeholder Impact

• Shareholders: The transaction increases director ownership, aligning management interests with shareholder value. The significant appreciation in stock price from the award date to the receipt date is positive for existing shareholders.
• Employees: No direct impact on employees is indicated by this specific filing, though the existence of incentive plans can generally motivate performance.

Next Steps

• The reporting person is expected to receive four more equal installments of the restricted stock award in subsequent years, as per their election to receive the award in five equal installments.

Key Dates

Recommendation

Keywords

Curtiss-Wright Corporation, CW, SEC Form 4, Insider Transaction, Director Stock Acquisition, Deferred Compensation, Restricted Stock Award, Omnibus Incentive Plan, Peter C. Wallace, Corporate Governance