Form 4: Woodward Director Korte Receives RSU Grant

Woodward, Inc. Director Daniel G. Korte was granted 610 Restricted Stock Units, vesting on October 1, 2026, as part of his compensation.

Summary

• Daniel G. Korte, a Director of Woodward, Inc. (WWD), acquired 610 Restricted Stock Units (RSUs) on October 1, 2025.
• These RSUs were granted at a price of $0.00 per unit.
• All 610 RSUs are scheduled to vest 100% on October 1, 2026.
• Upon vesting, Korte will receive one share of Woodward, Inc. common stock per RSU, plus additional shares from dividend reinvestment provisions.
• Following this transaction, Daniel G. Korte beneficially owns a total of 4,434 shares of Woodward, Inc. common stock, which includes 4 additional shares/units issued due to dividend reinvestment provisions.

Sentiment

Score: 7

Explanation: The grant of RSUs to a director is a positive event as it aligns management's interests with shareholders and is a standard form of compensation, indicating continued commitment.

Positives

• The grant of Restricted Stock Units aligns the director's long-term interests with those of the shareholders, incentivizing performance and retention.
• This is a standard form of equity compensation for directors, reflecting ongoing commitment to the company.

Future Outlook

The granted Restricted Stock Units are scheduled to vest on October 1, 2026, at which point the reporting person will receive common stock shares.

Industry Context

The grant of Restricted Stock Units is a common practice across various industries for compensating directors and executives, aiming to align their interests with long-term shareholder value. This transaction is consistent with typical corporate governance and compensation structures.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value creation, as the value of the compensation is tied to the company's stock performance.
• Management/Director: Daniel G. Korte receives equity compensation, which serves as an incentive for continued service and performance.

Next Steps

• The 610 Restricted Stock Units will vest on October 1, 2026, converting into shares of Woodward, Inc. common stock.

Key Dates

Recommendation

This Form 4 reports a routine grant of Restricted Stock Units to a director, which is a standard compensation practice and does not provide new information to alter the fundamental investment thesis for Woodward, Inc. The transaction itself is not indicative of a change in the company's operational or financial outlook.

Keywords

Woodward, WWD, Form 4, Restricted Stock Units, RSU Grant, Director Compensation, Insider Transaction, Equity Award