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 April 9, 2024, Mary D. Petryszyn, a director of Woodward, Inc., acquired phantom stock units representing 162.63 shares of Woodward, Inc. common stock.
• The acquisition was a result of deferred director retainer fees invested under the Woodward Executive Benefit Plan.
• The price of the phantom stock was $150.64 per unit.
• Following the transaction, Ms. Petryszyn directly owns 349 derivative securities.
• The phantom stock units are to be settled in 100% common stock on a one-for-one basis at a specified distribution date or upon separation from the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider transaction related to deferred compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock units are to be settled in 100% 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 of insider transactions, specifically related to director compensation and deferred benefits. It reflects standard practices for executive compensation in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and does not significantly alter the company's financial position.

Key Dates