Form 4: Woodward Inc. EVP and COO, Thomas G. Cromwell, Executes Stock Option and Sells Shares

Thomas G. Cromwell, EVP and COO of Woodward Inc., exercised stock options and sold shares on December 5, 2024, according to a recent SEC filing.

Summary

• Thomas G. Cromwell, an Executive Vice President and Chief Operating Officer at Woodward, Inc., executed a stock option to acquire 10,000 shares of common stock at a price of $81.03 per share on December 5, 2024.
• On the same day, Mr. Cromwell sold a total of 10,000 shares of Woodward, Inc. common stock in multiple transactions at weighted average prices of $180.85, $182.64, and $183.48 per share.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 17, 2024.
• Following these transactions, Mr. Cromwell directly owns 11,511 shares of Woodward, Inc. common stock and indirectly owns 397 shares through the Woodward Retirement Savings Plan.
• He also holds 33,300 non-qualified stock options.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions, which is neither positive nor negative in itself. It reflects routine activity.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan is a common practice among corporate executives to avoid accusations of insider trading.
• The reported transactions are typical for executives who receive stock options as part of their compensation package.
• The weighted average prices are consistent with the stock's trading range on the transaction date.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold by the executive.
• The filing provides transparency to shareholders regarding executive trading activity.

Key Dates

Keywords

Woodward Inc., stock options, insider trading, SEC Form 4, Rule 10b5-1, executive compensation, share sales, Thomas G. Cromwell