Form 4: Curtiss-Wright Director Receives Stock Grant

Jeffrey J. Lyash, a newly elected director of Curtiss-Wright Corp., received an initial grant of restricted stock valued at $35,000.

Summary

• Jeffrey J. Lyash, a new director at Curtiss-Wright Corporation, was granted 48 shares of common stock on May 7, 2026.
• This grant is part of the company's 2024 Omnibus Incentive Plan for non-employee directors.
• The initial award value was $35,000, and the number of shares was calculated using the closing stock price of $724.43 on the grant date.
• Restrictions on these shares lapse after five years from the grant date or upon the director's cessation of service due to death, disability, or failure to be reelected.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents a standard director stock grant and does not indicate significant positive or negative developments for the company's financial performance or strategic direction.

Positives

• Director Lyash received a stock grant, aligning his interests with shareholders.
• The grant is part of a structured incentive plan for non-employee directors.
• The company has a clear policy for director compensation through equity awards.

Risks

• The value of the restricted stock is subject to market fluctuations, potentially decreasing its value before restrictions lapse.
• Director's service ending prematurely (death, disability, not reelected) could affect the vesting of the award.

Future Outlook

The restrictions on the granted shares lapse upon the shorter of five years from the date of grant or until the director's service ends due to death, disability, or failure to be reelected.

Industry Context

StockSavvy.ai notes that equity grants to directors are a common practice in the aerospace and defense industry to ensure alignment between leadership and shareholder interests. The structure of Curtiss-Wright's plan, with a five-year vesting period and provisions for early termination of service, is typical for such compensation arrangements.

Management Changes

Stakeholder Impact

• Shareholders: The grant aligns director compensation with shareholder interests through equity ownership.
• Employees: Indirectly, as director compensation is part of overall corporate expenses.
• Management: Reinforces the company's compensation strategy for its board.

Key Dates

Keywords

Curtiss-Wright, Form 4, Director Compensation, Stock Grant, Restricted Stock, Omnibus Incentive Plan, Insider Trading, SEC Filing, CW