Form 4: Woodward Inc. Executive Randall Hobbs Reports Stock Transaction

Executive Vice President and President of Industrial at Woodward Inc., Randall Hobbs, reports the disposal of 192 shares to cover withholding taxes related to vested restricted stock units.

Summary

• Randall Hobbs, an Executive Vice President and President at Woodward Inc., filed a Form 4 indicating a transaction involving the company's common stock.
• On November 27, 2024, 192 shares were disposed of to cover withholding taxes associated with the vesting of restricted stock units.
• These shares were not issued to or sold by Mr. Hobbs.
• Following the transaction, Mr. Hobbs directly owns 49,080 shares of Woodward Inc. common stock.
• He also indirectly owns 136 shares through the Woodward Retirement Savings Plan.
• The share price at the time of the transaction was $179.05.
• The total includes 228 additional shares and units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.
• The information regarding the number of shares held in the Woodward Retirement Savings Plan is based on a calculation as of November 29, 2024.

Sentiment

Score: 7

Explanation: The document is a routine filing of a stock transaction related to executive compensation. It does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as required by the Securities and Exchange Commission (SEC).
• The transaction is a common occurrence where shares are withheld to cover taxes upon vesting of restricted stock units, which is a typical form of executive compensation.
• The reporting of indirect ownership through retirement savings plans is also a standard practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Woodward Inc., Randall Hobbs, Form 4, stock transaction, restricted stock units, withholding taxes, executive, share disposal, dividend reinvestment, retirement savings plan