Form 4: Woodward Inc. Chairman and CEO Charles Blankenship Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Charles Blankenship, Chairman and CEO of Woodward Inc., exercised stock options and sold shares of common stock on May 19 and May 20, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Charles P. Blankenship, Chairman and CEO of Woodward Inc., executed non-qualified stock options and sold shares of Woodward Inc. common stock on May 19 and May 20, 2025.
- The transactions were made pursuant to a Rule 10b5-1 trading plan adopted on February 10, 2025.
- On both May 19 and May 20, 2025, Blankenship exercised options to acquire 5,000 shares at a price of $98.34 per share.
- On May 19, 2025, he sold a total of 5,000 shares at weighted average prices ranging from $207.11 to $209.78.
- On May 20, 2025, he sold a total of 5,000 shares at weighted average prices ranging from $212.84 to $215.89.
- Following these transactions, Blankenship directly owns 72,878 shares of Woodward Inc. common stock and indirectly owns 360 shares through the Woodward Retirement Savings Plan.
- He also holds 40,500 non-qualified stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity under a pre-arranged plan. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to have pre-arranged trading plans to sell shares over time.
Stakeholder Impact
- The transactions could have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the sales mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 05/09/2023 | Options became exercisable as to 25% of the shares |
| 02/10/2025 | Rule 10b5-1 trading plan adopted |
| 05/19/2025 | Exercise of stock options and sale of shares |
| 05/20/2025 | Exercise of stock options and sale of shares |
| 05/21/2025 | Date of Form 4 signature |
| 05/09/2032 | Expiration date of options |
Keywords
Woodward Inc., Charles Blankenship, Stock Options, Share Sales, Form 4, Rule 10b5-1, WWD, Insider Trading
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