Form 4: Woodward Director Sells Shares After Option Exercise

A director at Woodward, Inc. exercised stock options and subsequently sold a portion of the acquired shares on December 4, 2025.

Summary

• Gregg C. Sengstack, a Director of Woodward, Inc. (WWD), reported transactions on December 4, 2025.
• Mr. Sengstack exercised 7,000 non-qualified stock options at an exercise price of $62.57 per share.
• Following the option exercise, he sold 6,056 shares of Woodward, Inc. Common Stock at a weighted average price of $300.69 per share.
• Additionally, he sold another 944 shares of Woodward, Inc. Common Stock at a weighted average price of $301.19 per share.
• The sales were executed through a broker-dealer as multiple same-day, open market transactions.
• After these transactions, Mr. Sengstack directly beneficially owns 9,610 shares of Common Stock.
• He also indirectly beneficially owns 23,450 shares through the Dianne Sengstack 2020 Dynasty Trust, where he serves as trustee with sole voting and investment power.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the exercise of stock options and subsequent sale of shares. This is a common event for directors and does not inherently indicate a positive or negative outlook for the company's operational performance or future prospects. The transaction appears to be for personal financial management.

Positives

• The director realized a significant gain by exercising options at $62.57 and selling the shares at an average price over $300, indicating a profitable personal transaction.

Negatives

• The director's direct beneficial ownership of Woodward, Inc. Common Stock decreased by 7,000 shares following the sale of all shares acquired from the option exercise.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reporting person indirectly holds 23,450 shares in the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and has sole voting and investment power. This represents a related party holding, though the reported transactions were direct.

Stakeholder Impact

• Shareholders: The transaction represents a director reducing their direct ownership, which is a common occurrence for personal financial planning and typically has minimal impact on other shareholders unless it signals a broader trend or significant change in confidence.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Woodward Inc, WWD, SEC Form 4, Insider Trading, Stock Option Exercise, Share Sale, Director Transaction, Beneficial Ownership