Form 4: Curtiss-Wright Executive Robert Freda Reports Acquisition of Restricted Stock Units

Robert Freda, Vice President and Treasurer of Curtiss-Wright Corporation, reported the acquisition of 228 restricted stock units on March 14, 2024.

Summary

• Robert Freda, Vice President and Treasurer of Curtiss-Wright Corporation, filed a Form 4 with the SEC on March 15, 2024.
• The report details the acquisition of 228 restricted stock units (RSUs) on March 14, 2024.
• These RSUs are convertible to common stock.
• The price of the stock on the date of the award was $240.97.
• Following the transaction, Freda directly owns 4,920 shares.
• 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. It reflects a standard executive compensation practice, indicating confidence in the company's future. There are no explicit negative indicators.

Positives

• The acquisition of restricted stock units suggests confidence in the company's future performance from the executive compensation committee.
• The executive's increased stake in the company aligns his interests with those of shareholders.

Industry Context

Executive compensation through stock grants is a common practice in publicly traded companies to align management's interests with those of shareholders. This filing reflects standard compensation practices.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, particularly in the aerospace and defense industry where Curtiss-Wright operates.
• Companies like TransDigm Group, HEICO Corporation, and RTX Corporation also utilize stock options and restricted stock units as part of their executive compensation packages.
• The amount of stock-based compensation varies depending on company size, performance, and industry benchmarks.

Stakeholder Impact

• The acquisition of restricted stock units by an executive can positively influence shareholder sentiment by aligning management's interests with those of the shareholders.

Key Dates