Form 4: Curtiss-Wright Exec Sells Shares After Performance Grant

Curtiss-Wright's Senior VP & Corporate Controller, Gary A. Ogilby, acquired 1,060 shares via a performance grant and subsequently sold 1,060 shares to cover tax obligations and under a 10b5-1 plan.

Summary

• Gary A. Ogilby, Senior VP & Corporate Controller of Curtiss-Wright Corp, acquired 1,060 shares of common stock on February 3, 2026.
• The acquisition was a performance share grant under the Company's 2014 Long Term Incentive Plan, based on the company's three-year total shareholder return against its peer group.
• The shares vested on February 3, 2026, with a closing price of $674.32 per share.
• On February 4, 2026, Ogilby sold 435 shares at an average price of $626.56 to cover individual income tax obligations related to the award vesting.
• On February 5, 2026, an additional 625 shares were sold at an average price of $624.32, in accordance with a 10b5-1 plan adopted on September 11, 2025.
• Following these transactions, Ogilby directly beneficially owns 2,571 shares of Curtiss-Wright Common Stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. The acquisition of shares through a performance grant is positive, reflecting achievement of company targets, while the sales are routine for tax purposes and under a 10b5-1 plan, not necessarily signaling a negative outlook.

Positives

• The acquisition of 1,060 shares was a result of a performance share grant, indicating the company met its three-year total shareholder return targets relative to its peer group.

Negatives

• Gary A. Ogilby sold a total of 1,060 shares (435 + 625) over two days, reducing his direct beneficial ownership.
• The selling prices ($626.56 and $624.32 average) were lower than the vesting price ($674.32).

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales, are common following the vesting of performance-based equity awards. The use of a 10b5-1 plan for a portion of the sales indicates a pre-planned disposition, which is a standard practice for executives to manage their equity holdings and tax liabilities in a compliant manner, rather than a reaction to immediate market conditions or company performance.

Stakeholder Impact

• Shareholders: The sale of shares by an executive, even for tax purposes or under a 10b5-1 plan, slightly increases the float and could be perceived neutrally or with slight caution, though the underlying performance grant is positive.
• Employees: The performance grant structure could incentivize employees if similar plans are widespread.

Key Dates

Recommendation

The filing details routine insider transactions where an executive received shares based on performance and subsequently sold a portion for tax obligations and under a pre-arranged plan. This is a common occurrence and does not provide new fundamental information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. The performance grant itself is a positive indicator of past company performance against peers.

Keywords

Curtiss-Wright, CW, Form 4, Insider Trading, Stock Sale, Performance Grant, Executive Compensation, Gary A. Ogilby, 10b5-1 Plan