Form 4: Woodward CEO's Stock Withholding for RSU Tax Obligations
Insider Transaction Report
Woodward, Inc. CEO Charles P. Blankenship reported a disposal of 1,119 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- Charles P. Blankenship, Chairman of the Board and CEO of Woodward, Inc. (WWD), filed a Form 4 reporting an insider transaction.
- On October 3, 2025, 1,119 shares of Woodward, Inc. Common Stock were disposed of.
- These shares were withheld by the Issuer at a price of $257.72 per share to cover withholding taxes associated with the vesting of restricted stock units (RSUs).
- The reporting person did not sell these shares; the transaction was solely for tax purposes.
- Following this transaction, Charles P. Blankenship directly beneficially owns 63,712 shares.
- The direct ownership total includes 92 additional shares and units issued due to dividend reinvestment provisions of the Issuer's RSU awards.
- An additional 361 shares are indirectly beneficially owned through the Woodward Retirement Savings Plan, with this calculation based as of October 3, 2025.
Sentiment
Score: 6
Explanation: The filing reports a routine insider transaction related to executive compensation. The vesting of RSUs is generally positive, indicating performance, while the tax withholding is a standard, neutral event. The dividend reinvestment is a minor positive.
Positives
- The vesting of restricted stock units indicates the realization of performance-based compensation for the CEO.
- Direct beneficial ownership increased by 92 shares and units due to dividend reinvestment provisions on RSU awards.
Negatives
- The reported 'disposal' of 1,119 shares, while for tax purposes, reduces the direct share count held by the insider.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Minimal impact. The transaction is a routine administrative event for tax purposes and does not reflect a discretionary sale by the insider. It confirms RSU vesting, which is part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/03/2025 | Date of earliest transaction, including shares withheld for taxes, RSU vesting, and the calculation date for indirect ownership. |
| 10/07/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Woodward, WWD, Charles P. Blankenship, Form 4, insider transaction, SEC filing, common stock, restricted stock units, RSU, tax withholding, CEO, director, corporate governance
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