Form 4: Woodward Inc. Director Mary D. Petryszyn Reports Changes in Beneficial Ownership

Director Mary D. Petryszyn reports acquisition of phantom stock units representing deferred director retainer fees in Woodward, Inc.

Summary

• On April 8, 2025, Mary D. Petryszyn, a director of Woodward, Inc., acquired 163.48 phantom stock units as part of the Woodward Executive Benefit Plan.
• These units represent deferred director retainer fees and will be settled in common stock on a one-for-one basis at a specified distribution date or upon separation from the Issuer.
• The phantom stock units were acquired at a price of $157.51 per unit.
• Following the transaction, Ms. Petryszyn beneficially owns 976.56 phantom stock units.
• The transaction was reported on April 9, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The Woodward Executive Benefit Plan allows for the deferral of director retainer fees into phantom stock units.

Future Outlook

The phantom stock units will be settled in Woodward, Inc. common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and is common among publicly traded companies. Directors often receive stock-based compensation to align their interests with shareholders.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock arrangements, are a common practice among publicly traded companies to incentivize and retain key personnel, including directors.
• Companies like General Electric and Boeing also utilize similar deferred compensation plans for their executives and directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term success.

Key Dates

Keywords

Woodward Inc., Director, Mary D. Petryszyn, Phantom Stock, Beneficial Ownership, SEC Form 4, Deferred Compensation, Executive Benefit Plan