Form 4: Woodward Inc. Chairman and CEO Charles Blankenship Reports Stock Disposal for Tax Obligations

Charles Blankenship, Chairman and CEO of Woodward Inc., reports disposing of 796 shares to cover withholding taxes related to vesting restricted stock units.

Summary

• On October 3, 2024, Charles P. Blankenship, Chairman and CEO of Woodward, Inc., disposed of 796 shares of Woodward Inc. common stock to cover withholding taxes related to the vesting of restricted stock units (RSUs).
• The shares were disposed of at a price of $166.27 per share.
• Following the transaction, Blankenship directly owns 76,787 shares of Woodward Inc. common stock.
• Blankenship also indirectly owns 269 shares through the Woodward Retirement Savings Plan, based on a calculation as of October 4, 2024.
• The total direct holdings include 398 additional shares and units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from the vesting of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares to cover tax obligations.

Key Dates