Form 4: Woodward Inc. Executive Receives Restricted Stock Units

Karrie M. Bem, an EVP at Woodward Inc., was granted 2,345 restricted stock units (RSUs) on November 27, 2024.

Summary

• Karrie M. Bem, an Executive Vice President at Woodward Inc., received 2,345 restricted stock units (RSUs) on November 27, 2024.
• These RSUs will vest over three years, with 34% vesting on November 27, 2025, and 33% vesting on each subsequent anniversary.
• Upon vesting, each RSU will convert into one share of Woodward Inc. common stock, plus additional shares from dividend reinvestment.
• The transaction was reported in a Form 4 filing with the SEC.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation practice, which is generally viewed positively as it aligns management with shareholder interests. There are no negative implications.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term performance and retention of the executive.

Industry Context

The granting of restricted stock units is a common practice in executive compensation, particularly in publicly traded companies, to incentivize performance and align management's interests with those of shareholders.

Comparison to Industry Standards

• The use of RSUs for executive compensation is a standard practice among publicly traded companies.
• Vesting schedules of 3-4 years are common to ensure long-term alignment.
• Many companies use a similar mix of time-based and performance-based vesting conditions.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes executive performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

Restricted Stock Units, RSUs, Stock Grant, Executive Compensation, Form 4, Woodward Inc., WWD, Vesting