Form 4: Woodward Inc. Executive Receives Restricted Stock Units

Thomas G. Cromwell, EVP and COO of Woodward, Inc., was granted 4,790 Restricted Stock Units (RSUs) on February 10, 2025, according to a Form 4 filing.

Summary

• Thomas G. Cromwell, an Executive Vice President and COO at Woodward, Inc., received 4,790 Restricted Stock Units (RSUs) on February 10, 2025.
• These RSUs vest in three tranches: 34% on February 10, 2026, and 33% on each subsequent one-year anniversary.
• Upon vesting, Cromwell will receive one share of Woodward, Inc. common stock per RSU, plus additional shares from dividend reinvestments.
• Following the transaction, Cromwell directly owns 16,315 shares of Woodward, Inc. common stock, including shares from dividend reinvestments.
• Cromwell also indirectly owns 398 shares through the Woodward Retirement Savings Plan.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders. The sentiment is moderately positive due to the incentive structure.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing long-term performance.
• Dividend reinvestment provisions in the RSU awards can lead to increased share ownership over time.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning executive incentives with shareholder value. The vesting schedule is typical for such grants.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common practice among publicly traded companies like Woodward, Inc.
• Companies such as General Electric, Honeywell, and Siemens, which operate in similar industrial sectors, also utilize equity-based compensation to incentivize their executives.
• Vesting schedules of 3-4 years are typical for RSU grants in these industries, ensuring long-term alignment with company performance.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive interests with shareholder value.
• Employees: The grant may have a positive impact on employee morale as it shows the company is investing in its leadership.

Key Dates

Keywords

Woodward Inc., Thomas G. Cromwell, Restricted Stock Units, RSUs, Form 4, Executive Compensation, Beneficial Ownership, Dividend Reinvestment