Form 4: Woodward Inc. Director Tana Leigh Utley Reports Stock Award and Holdings

Director Tana Leigh Utley reports the acquisition of 856 Restricted Stock Units (RSUs) and adjustments to her holdings of Woodward, Inc. common stock.

Summary

• On October 1, 2024, Tana Leigh Utley, a director of Woodward, Inc., was granted 856 Restricted Stock Units (RSUs).
• These RSUs will vest 100% on October 1, 2025, and upon vesting, Utley will receive one share of Woodward, Inc. common stock per RSU, plus additional shares from dividend reinvestments.
• Following the transaction, Utley directly owns 1,987 shares of Woodward, Inc. common stock, which includes 5 additional shares and units issued in connection with dividend reinvestment.
• Utley also indirectly owns 81 shares through the Kent R. Utley Revocable Trust, where her spouse is the trustee and she has shared voting and investment power.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests with shareholders.

Positives

• The granting of RSUs to a director aligns their interests with the long-term performance of the company.
• Dividend reinvestment indicates a commitment to increasing shareholder value.

Future Outlook

The RSUs will vest on October 1, 2025, increasing Utley's stake in Woodward, Inc.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The granting of RSUs aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Next Steps

• Utley will receive shares of Woodward, Inc. common stock upon the vesting of the RSUs on October 1, 2025.

Key Dates