Form 4: Director Glenda J. Minor Acquires Curtiss-Wright Corp Shares

Glenda J. Minor, a director of Curtiss-Wright Corp, acquired 221 shares of common stock on May 12, 2025, through the company's 2014 Omnibus Incentive Plan.

Summary

• On May 12, 2025, Glenda J. Minor, a director of Curtiss-Wright Corporation, acquired 221 shares of the company's common stock.
• The acquisition was made through the Corporation's 2014 Omnibus Incentive Plan.
• Non-employee directors can elect to defer receipt of their annual restricted stock award to a later date under this plan.
• The number of shares acquired is based on the value of the award ($125,000) divided by the closing price of $115.24 on February 16, 2021, when the Board initially approved the award.
• The reporting person elected to receive the restricted stock award in five equal annual installments beginning May 12, 2024, and this amount reflects 20% of the award.
• The price per share is $387.37, based on the closing market price on the New York Stock Exchange as of May 12, 2025.
• Following the transaction, Glenda J. Minor directly owns 2,246 shares of Curtiss-Wright Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The director's participation in the incentive plan is a positive sign.

Positives

• The director's participation in the company's incentive plan demonstrates alignment with shareholder interests.
• The deferred compensation plan allows for long-term equity ownership by non-employee directors.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies. It reflects standard practices for incentivizing and retaining board members.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies.
• The structure of the Curtiss-Wright plan, with annual installments, is similar to those offered by companies such as General Electric and Lockheed Martin.
• The use of restricted stock awards is a standard method for aligning director interests with those of shareholders, comparable to practices at Boeing and Raytheon Technologies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Curtiss-Wright Corp, Director, Share Acquisition, Omnibus Incentive Plan, Restricted Stock, Form 4, CW, Glenda J. Minor