Form 4: Curtiss-Wright Former Officer Acquires Shares Through Employee Stock Purchase Plan

A former officer of Curtiss-Wright Corporation, Paul J. Ferdenzi, acquired 34 shares of common stock through the company's Employee Stock Purchase Plan.

Summary

• Paul J. Ferdenzi, a former officer of Curtiss-Wright Corporation, purchased 34 shares of common stock on January 6, 2025.
• The shares were acquired through the company's Employee Stock Purchase Plan.
• The purchase price was $304.12 per share.
• This transaction increased Ferdenzi's direct holdings to 16,022 shares.
• The purchase price was calculated with a 15% discount on the average selling price of the company's common stock on December 31, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction under an existing employee program, indicating a neutral to slightly positive sentiment due to the former officer's continued investment in the company.

Positives

• The purchase demonstrates continued participation in the company's Employee Stock Purchase Plan by a former officer.
• The transaction indicates a belief in the company's value by a former officer.

Industry Context

This is a routine transaction related to employee stock purchase plans, which are common in publicly traded companies to incentivize employees and align their interests with shareholders.

Comparison to Industry Standards

• Employee stock purchase plans are a common practice among publicly traded companies, including those in the aerospace and defense sector like Curtiss-Wright.
• Companies such as Lockheed Martin, Boeing, and General Dynamics also offer similar plans to their employees.
• The 15% discount offered by Curtiss-Wright is within the typical range for such plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates continued confidence in the company by a former officer.
• The transaction has a minor positive impact on employees as it demonstrates the value of the Employee Stock Purchase Plan.

Key Dates

Keywords

Employee Stock Purchase Plan, Curtiss-Wright, Stock Acquisition, Form 4, Beneficial Ownership, Paul J. Ferdenzi