Form 4: Woodward Inc. Director Mary D. Petryszyn Reports Phantom Stock Acquisition

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

Summary

• On July 9, 2024, Mary D. Petryszyn, a director of Woodward, Inc., acquired 141.1 units of phantom stock.
• The phantom stock units represent deferred director retainer fees invested under the Woodward Executive Benefit Plan.
• These units are to be settled in common stock on a one-for-one basis at a specified distribution date or upon separation from the Issuer.
• The price of the derivative security is $173.63.
• Following the transaction, Ms. Petryszyn directly owns 485 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of Woodward, Inc.

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

Directors often receive stock-based compensation to align their interests with shareholders and incentivize long-term value creation. Phantom stock is a common form of deferred compensation.

Comparison to Industry Standards

• Companies like General Electric and Honeywell also use deferred compensation plans for their executives and directors.
• The specifics of these plans, such as vesting schedules and settlement terms, can vary widely.

Stakeholder Impact

• The acquisition of phantom stock aligns the director's interests with shareholders, potentially encouraging decisions that benefit long-term shareholder value.

Key Dates