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

Thomas G. Cromwell, EVP and COO of Woodward Inc., exercised stock options and sold shares of common stock on March 24 and March 26, 2025, according to a Form 4 filing with the SEC.

Summary

• Thomas G. Cromwell, the EVP and COO of Woodward, Inc., engaged in transactions involving Woodward's common stock.
• On March 24, 2025, Cromwell exercised options to acquire 10,000 shares at a price of $0 and simultaneously sold 10,000 shares at $186.49 per share.
• On March 26, 2025, Cromwell exercised options to acquire 3,300 shares at a price of $0 and simultaneously sold 3,300 shares at $194.36 per share.
• Following these transactions, Cromwell directly owns 15,477 shares of Woodward, Inc. common stock.
• Cromwell also indirectly owns 489 shares through the Woodward Retirement Savings Plan as of March 18, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 6, 2024.
• Cromwell continues to hold non-qualified stock options for 0 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often scrutinized by investors for insights into management's perspective on the company's value and future prospects. Rule 10b5-1 plans are frequently used to allow insiders to sell shares without being accused of trading on non-public information.

Comparison to Industry Standards

• Executive compensation packages often include stock options to align management's interests with those of shareholders.
• The use of Rule 10b5-1 trading plans is a standard practice among corporate executives to manage their stock holdings while avoiding accusations of insider trading.
• Comparing Cromwell's transactions to those of executives at similar companies like General Electric (GE) or RTX Corporation (RTX) could provide context on the scale and frequency of such activities.

Stakeholder Impact

• Shareholders may be interested in these transactions as they provide insight into management's actions regarding company stock.
• The transactions themselves are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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