Form 4: Woodward Inc. Director Rajeev Bhalla Reports Acquisition of Restricted Stock Units

Director Rajeev Bhalla reports acquisition of 856 Restricted Stock Units (RSUs) of Woodward, Inc. on October 1, 2024.

Summary

• On October 1, 2024, Rajeev Bhalla, a director of Woodward, Inc., acquired 856 Restricted Stock Units (RSUs).
• These RSUs were granted as an award.
• The price per RSU was $0.00.
• The RSUs will vest 100% on October 1, 2025.
• Upon vesting, Bhalla will receive one share of Woodward, Inc. common stock per RSU, plus additional shares from dividend reinvestment.
• Following the transaction, Bhalla beneficially owns 3,703 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: 5

Explanation: This is a routine disclosure of stock-based compensation, neither particularly positive nor negative.

Future Outlook

The RSUs will vest on October 1, 2025, resulting in the issuance of Woodward, Inc. common stock to the reporting person.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This provides transparency to the market.

Key Dates