Form 4: Woodward Executive Sells Shares Under Pre-Arranged Trading Plan

Randall Hobbs, EVP and President of Industrial at Woodward, Inc., sold 500 shares of company common stock for $240 per share on June 18, 2025, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Randall Hobbs, the Executive Vice President and President of Industrial at Woodward, Inc. (WWD), reported a transaction involving the company's common stock.
• On June 18, 2025, Mr. Hobbs disposed of 500 shares of Woodward, Inc. Common Stock.
• The shares were sold at a price of $240 per share, totaling $120,000 from this transaction.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted on February 27, 2025.
• Following the reported transaction, Mr. Hobbs directly beneficially owns 49,827 shares of Woodward, Inc. Common Stock.
• Additionally, Mr. Hobbs indirectly beneficially owns 227 shares through the Woodward Retirement Savings Plan, with this number calculated as of June 3, 2025.
• The total beneficial ownership also includes 59 additional shares and units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.

Sentiment

Score: 5

Explanation: The transaction is a routine insider stock sale executed under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reactive decision based on new information. This type of filing is generally considered neutral in terms of company-specific sentiment.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled and non-discretionary transaction, which can reduce concerns about opportunistic insider selling.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

NA

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Provides transparency on insider stock movements, but a pre-planned sale typically has limited impact on perception as it is not indicative of new material information.

Next Steps

• NA

Key Dates

Recommendation

Keywords

Woodward, WWD, SEC Form 4, Insider Trading, Stock Sale, Randall Hobbs, 10b5-1 Plan, Executive Compensation