Form 4: Curtiss-Wright Executive Acquires Restricted Stock Units

John C. Watts, Vice President of Strategy & Business Development at Curtiss-Wright Corp, acquired 368 restricted stock units on March 14, 2024, as part of an employee benefit transaction.

Summary

• On March 14, 2024, John C. Watts, Vice President of Strategy & Business Development at Curtiss-Wright Corporation, acquired 368 restricted stock units (RSUs).
• The acquisition was approved by the Executive Compensation Committee of the Board of Directors.
• The RSUs were granted as an employee benefit, with no price on the date of issue.
• The number of shares was calculated by dividing the award amount by the closing price of Curtiss-Wright's common stock on the award date.
• The closing price on March 14, 2024, was $240.97.
• Following the transaction, Watts directly owns 1,930 shares of common stock.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it simply reports an insider transaction. The acquisition of RSUs can be seen as a slightly positive sign, indicating confidence from the executive.

Positives

• The acquisition of restricted stock units indicates confidence in the company's future performance from an insider's perspective.
• The grant of RSUs aligns the executive's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings of company stock.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates