Form 4: Curtiss-Wright VP and COO Kevin Rayment Acquires Shares Through Employee Stock Purchase Plan
Insider Transaction Report
Curtiss-Wright's Vice President and COO, Kevin Rayment, acquired 39 shares of common stock at a discounted price of $414.23 per share through the company's Employee Stock Purchase Plan.
Summary
- Kevin Rayment, Vice President and Chief Operating Officer of Curtiss-Wright Corporation, acquired 39 shares of common stock.
- The transaction occurred on July 2, 2025, at a price of $414.23 per share.
- This acquisition was made through the company's Employee Stock Purchase Plan (ESPP).
- The purchase price reflects a 15% discount on the average selling price of the common stock on June 30, 2025.
- Following this transaction, Kevin Rayment beneficially owns 25,902 shares of Curtiss-Wright common stock.
- The transaction is exempt under SEC Rules 16b-3(d) and 16b-3(c).
Sentiment
Score: 7
Explanation: The acquisition of shares by a key executive, even through a routine employee plan, generally signals confidence in the company's future prospects and aligns management interests with shareholders.
Positives
- The acquisition of shares by a key executive, Kevin Rayment, through the Employee Stock Purchase Plan (ESPP) demonstrates continued confidence in Curtiss-Wright's future performance.
- The shares were acquired at a discounted price of $414.23 per share, representing a 15% discount from the average selling price on June 30, 2025, providing an immediate paper gain for the executive.
Future Outlook
This Form 4 filing reports a past transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.
Industry Context
Insider purchases, even through employee plans, are generally viewed positively by the market as they align management's interests with those of shareholders. This type of routine transaction is common across industries for executives participating in company-sponsored benefit plans.
Comparison to Industry Standards
- This document reports a standard insider transaction via an Employee Stock Purchase Plan (ESPP). Such plans are common across publicly traded companies, including peers in the aerospace and defense or industrial sectors, offering employees a discounted way to acquire company stock.
- There are no specific comparable companies, projects, or results detailed in this Form 4 to assess against broader industry performance or benchmarks.
Related Party Transactions
- The acquisition of shares by Kevin Rayment through the Employee Stock Purchase Plan (ESPP) is a transaction between an insider and the company, which is a common and standard employee benefit program.
Stakeholder Impact
- Shareholders: The transaction aligns the interests of a key executive with those of shareholders, potentially signaling management's confidence in the company's long-term value.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Last day of the offering period for the Employee Stock Purchase Plan, used to calculate the average selling price for the discounted share purchase. |
| 07/02/2025 | Date of transaction where Kevin Rayment acquired 39 shares of common stock. |
| 07/03/2025 | Date the Form 4 was signed by George P. McDonald, acting as Power of Attorney for Kevin M. Rayment. |
Keywords
Curtiss-Wright, CW, Kevin Rayment, Form 4, Insider Transaction, Stock Purchase, ESPP, Corporate Officer
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