Form 4: Woodward Inc. Director Daniel G. Korte Acquires Restricted Stock Units

Director Daniel G. Korte received 856 Restricted Stock Units (RSUs) from Woodward, Inc. on October 1, 2024, which will vest on October 1, 2025.

Summary

• On October 1, 2024, Daniel G. Korte, a director of Woodward, Inc., was granted 856 Restricted Stock Units (RSUs).
• These RSUs will vest 100% on October 1, 2025.
• Upon vesting, Korte will receive one share of Woodward, Inc. common stock per RSU, along with additional shares from dividend reinvestments.
• Following the transaction, Korte beneficially owns 3,820 shares of Woodward, Inc. common stock, which includes 5 additional shares and units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing an RSU grant. It's neutral in tone and doesn't indicate any significant positive or negative developments for the company.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• Dividend reinvestment provisions can lead to increased ownership over time.

Future Outlook

The reporting person will receive one share of Woodward, Inc. common stock per RSU granted, as well as certain additional shares to be issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards upon vesting on October 1, 2025.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and ownership structure of Woodward, Inc.'s directors.

Comparison to Industry Standards

• RSUs are a common form of equity compensation for directors and executives in publicly traded companies.
• The vesting period of one year is fairly standard for RSU grants.
• Dividend reinvestment provisions are also a common feature of RSU awards.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates