Form 4: Woodward Inc. Executive Randall Hobbs Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President and President of Industrial at Woodward Inc., Randall Hobbs, reports a transaction involving the withholding of shares to cover taxes related to vesting restricted stock units.
Summary
- Randall Hobbs, an EVP and President at Woodward Inc., filed a Form 4 indicating a transaction on December 5, 2024.
- The transaction involved the withholding of 209 shares of Woodward Inc. common stock to cover taxes related to the vesting of restricted stock units.
- These shares were not issued to or sold by Mr. Hobbs.
- The price per share for the transaction was $181.32.
- Following the transaction, Mr. Hobbs directly owns 48,871 shares of Woodward Inc. common stock.
- He also indirectly owns 136 shares through the Woodward Retirement Savings Plan, based on a calculation as of November 29, 2024.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. The sentiment is neutral to slightly positive as it indicates standard operating procedures.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly traded companies, often involving the vesting of restricted stock units and subsequent tax withholdings.
- The reporting of these transactions via SEC Form 4 is a common regulatory requirement.
- Similar transactions are regularly reported by executives at comparable companies in the industrial sector.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
- The transaction is part of the executive compensation package and is not expected to have a significant impact on employees or other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2024-11-29 | Date used for calculation of shares held in the Woodward Retirement Savings Plan. |
| 2024-12-05 | Date of the reported stock transaction. |
| 2024-12-09 | Date the Form 4 was signed. |
Keywords
Woodward Inc., Randall Hobbs, Form 4, stock transaction, restricted stock units, executive, share withholding, insider trading
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