Form 4: Curtiss-Wright Exec Kevin Rayment Reports Acquisition of Restricted Stock Units

Kevin Rayment, Vice President and COO of Curtiss-Wright Corporation, reported the acquisition of restricted stock units.

Summary

• Kevin Rayment, Vice President and COO of Curtiss-Wright Corporation, filed a Form 4 on March 15, 2024, reporting a transaction.
• On March 14, 2024, Rayment acquired 1,800 restricted stock units (RSUs) which convert to common stock.
• The price of the stock at the time of the award was $240.97.
• Following the transaction, Rayment directly owns 9,701 derivative securities.
• The RSUs were granted as an employee benefit and approved by the Executive Compensation Committee of the Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The acquisition of restricted stock units suggests confidence in the company's future performance.
• The award was granted as an employee benefit, incentivizing the executive.

Industry Context

Executive compensation in the form of stock options and restricted stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The transaction aligns the executive's interests with those of shareholders, potentially leading to better company performance.

Key Dates