Form 4: Curtiss-Wright Executive Paul J. Ferdenzi Reports Stock Transactions

Paul J. Ferdenzi, a former officer of Curtiss-Wright Corporation, reports the acquisition and disposal of company stock related to a performance share grant and tax obligations.

Summary

• On February 4, 2025, Paul J. Ferdenzi acquired 4,290 shares of Curtiss-Wright common stock at a price of $344.57 per share through a performance share grant.
• This grant was part of the company's 2014 Long Term Incentive Plan, based on Curtiss-Wright's three-year total shareholder return compared to its peer group.
• On February 5, 2025, Ferdenzi sold 1,907 shares at $346.98 per share to cover individual income tax obligations associated with the vesting of the award.
• Following these transactions, Ferdenzi directly owns 18,405 shares of Curtiss-Wright common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to compensation and tax obligations. There is no indication of significant positive or negative sentiment.

Positives

• The performance share grant indicates that Curtiss-Wright's performance met the criteria set by the 2014 Long Term Incentive Plan.
• The executive's continued direct ownership of 18,405 shares suggests confidence in the company's future.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Executive stock transactions are common and closely monitored in the aerospace and defense industry, where Curtiss-Wright operates. These transactions can provide insights into management's perspective on the company's valuation and future prospects.

Comparison to Industry Standards

• Executive compensation packages in the aerospace and defense industry often include performance-based equity grants, similar to the Curtiss-Wright 2014 Long Term Incentive Plan.
• Companies like Lockheed Martin, Boeing, and General Dynamics also utilize similar long-term incentive plans to align executive interests with shareholder value.
• The sale of shares to cover tax obligations is a standard practice among executives receiving equity compensation.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Curtiss-Wright, Ferdenzi, stock, Form 4, shareholder return, performance share grant, insider trading, executive compensation