Form 4: Woodward Inc. Director Gregg C. Sengstack Reports Stock Sales and Option Exercise
SEC Form 4 Filing
Director Gregg C. Sengstack of Woodward Inc. reports exercising stock options and selling shares on February 19, 2025.
Summary
- On February 19, 2025, Gregg C. Sengstack, a director of Woodward Inc., exercised non-qualified stock options to acquire 5,000 shares at a price of $40.26 per share.
- Sengstack also sold 3,744 shares at a weighted average price of $191.24 and 1,256 shares at a weighted average price of $192.12.
- Following these transactions, Sengstack directly owns 17,450 shares and indirectly owns 15,000 shares through the Dianne Sengstack 2020 Dynasty Trust.
- He also holds 4,600 derivative securities (non-qualified stock options).
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The stock sales by a director could be perceived neutrally or slightly negatively by shareholders, depending on their interpretation of the director's motives.
Key Dates
| Date | Description |
|---|---|
| 10/01/2016 | Date Non-Qualified Stock Options became exercisable |
| 02/19/2025 | Date of stock option exercise and stock sales |
| 02/21/2025 | Date of signature on the report |
| 10/01/2025 | Expiration date of Non-Qualified Stock Options |
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