Form 4: Woodward Inc. Chairman and CEO Charles Blankenship Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Charles Blankenship, Chairman and CEO of Woodward, Inc., reports the acquisition of 15,277 Restricted Stock Units (RSUs) and adjustments to holdings in the Woodward Retirement Savings Plan.
Summary
- Charles Blankenship, Chairman and CEO of Woodward, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 10, 2025, Blankenship acquired 15,277 Restricted Stock Units (RSUs).
- These RSUs vest in three installments: 34% on February 10, 2026, and 33% on each subsequent one-year anniversary.
- Upon vesting, each RSU converts into one share of Woodward, Inc. Common Stock, with additional shares issued via dividend reinvestment.
- Blankenship's direct holdings of Woodward, Inc. Common Stock increased to 92,180 shares, including 95 shares from dividend reinvestment and 21 shares previously excluded.
- Blankenship also holds 269 shares indirectly through the Woodward Retirement Savings Plan, based on a calculation as of February 10, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The RSU grant indicates confidence from the company in its CEO and aligns his interests with shareholders. The filing itself is a routine event.
Positives
- The acquisition of RSUs by the CEO demonstrates confidence in the company's future performance.
- The vesting schedule aligns the CEO's interests with long-term shareholder value.
Future Outlook
The vesting schedule of the RSUs suggests a long-term commitment from the CEO to the company's success.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. RSU grants are a common form of executive compensation, aligning management's interests with shareholder value.
Stakeholder Impact
- The RSU grant aligns the CEO's interests with those of shareholders, potentially driving long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of RSU acquisition and share calculation for the Woodward Retirement Savings Plan. |
| 02/10/2026 | Date of first RSU vesting (34%). |
| 02/12/2025 | Date of Form 4 filing. |
Keywords
Woodward Inc., Charles Blankenship, Restricted Stock Units, RSUs, Beneficial Ownership, Form 4, Dividend Reinvestment, Woodward Retirement Savings Plan
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