Curtiss-Wright adds $416M to share repurchases and adopts 10b5-1 plans

Rhea-AI Filing Summary

Curtiss-Wright Corporation announced that its Board of Directors has authorized the company to repurchase up to an additional $416 million of its common stock, bringing the total available share repurchase authorization to $550 million, including $134 million remaining from prior programs. The company may repurchase shares through methods such as open market purchases, accelerated share repurchase transactions, negotiated block trades, Rule 10b5-1 plans, and other brokered or privately negotiated transactions.

The company also adopted two Rule 10b5-1 trading plans that begin on January 2, 2026 and end on December 31, 2026. One plan contemplates purchases totaling $60 million executed evenly over calendar year 2026, while a second plan provides for potential purchases up to $100 million, subject to a price limit that could prevent purchases. A designated broker will execute repurchases under these plans, and future periodic reports will provide updates on actual share repurchase activity.

Insights

Equity Capital Allocation Analyst

Curtiss-Wright expands buyback capacity to $550M and pre-schedules 2026 repurchases.

Curtiss-Wright’s Board has increased its share repurchase authorization so that a total of $550 million of common stock may be repurchased, including $134 million previously available. This represents a significant capital allocation commitment toward returning cash to shareholders, with flexibility across open market, accelerated, block, and other transaction types.

The company has also put in place two Rule 10b5-1 trading plans effective from January 2, 2026 through December 31, 2026. One plan targets purchases totaling $60 million executed evenly over calendar year 2026, while the other allows for up to $100 million in repurchases but includes a price limit that may restrict activity. Because these plans operate during blackout periods and rely on a broker following preset instructions, actual repurchase volumes will depend on the stock price, market conditions, and the stated price limit.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 20, 2025

CURTISS-WRIGHT CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

Delaware			1-134			13-0612970
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

130 Harbour Place Drive, Suite 300
Davidson,			North Carolina						28036
(Address of principal executive offices)									(Zip Code)

Registrant's telephone number, including area code: (704) 869-4600

--------------

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock			CW			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
						Emerging growth company			☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.									☐

Item 8.01 Other Events

On November 20, 2025, Curtiss-Wright Corporation’s (the “Company”) Board of Directors authorized the Company to repurchase up to an additional $416 million of its common stock. The total available authorization is $550 million, including $134 million of remaining availability under the Company’s previously announced share repurchase authorizations.

Share repurchases may be made through a variety of methods, which could include open market purchases, accelerated share repurchase transactions, negotiated block transactions, 10b5-1 plans, other transactions that may be structured through investment banking institutions or privately negotiated, or a combination of the foregoing. The repurchase authorization does not have an expiration date and may be amended, discontinued, or terminated by the Company’s Board of Directors at any time without prior notice. The timing, price, and volume of share repurchases will depend on market conditions, relevant securities laws, and corporate, tax, regulatory and other relevant considerations. The Company presently expects to repurchase outstanding shares from time to time to offset the dilutive impact of employee equity-based compensation plans, but the Company also may make discretionary, opportunistic share repurchases.

On November 20, 2025, the Company adopted two written trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company implemented these written trading plans in connection with the above-mentioned and also previously announced share repurchase programs.

The first trading plan will include purchases in the total amount of $60 million executed equally over the course of calendar year 2026. This written trading plan will take effect on January 2, 2026, and will cease on December 31, 2026.

The second trading plan includes potential purchases in the total amount of $100 million. The Company cannot predict when or if it will purchase any shares of common stock as such plan includes a price limit where the Company would not buy shares under the Rule 10b5-1 plan. This written trading plan will take effect on January 2, 2026 and will cease on December 31, 2026.

Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws. A broker selected by the Company will have the authority under the terms and limitations specified in the plan to repurchase shares on the Company’s behalf in accordance with the terms of the plan. After the expiration of the current trading plans, the Company may from time to time enter subsequent trading plans under Rule 10b5-1 to facilitate the repurchase of its common stock pursuant to its share repurchase program.

Information regarding share repurchases will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.

This report contains forward-looking information, as that term is defined under the Exchange Act, including information regarding purchases by the Company of its common stock pursuant to a 10b5-1 trading plan. By their nature, forward-looking information and statements are subject to risks, uncertainties, and contingencies, including changes in price and volume and the volatility of the Company’s common stock; adverse developments affecting either or both of prices and trading of exchange-traded securities, including securities listed on the New York Stock Exchange; and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. The Company’s 2024 Annual Report on Form 10-K filed with the SEC on February 13, 2025, as well as our quarterly report on Form 10-Q for the third quarter filed on November 6, 2025, includes information regarding other risk factors and cautionary information. The Company does not undertake to update any forward-looking statements or information, including those contained in this report.

On November 20, 2025, the Company issued a press release announcing the above-described transactions. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and incorporated into this Item 8.01 by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

99.1 Press Release dated November 20, 2025

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CURTISS-WRIGHT CORPORATION

By: /s/ K. Christopher Farkas

K. Christopher Farkas

Vice President and

Chief Financial Officer

Date: November 21, 2025

FAQ

What share repurchase authorization did Curtiss-Wright (CW) announce?

Curtiss-Wright’s Board authorized the company to repurchase up to an additional $416 million of its common stock, bringing the total available share repurchase authorization to $550 million, which includes $134 million of remaining availability from earlier authorizations.

How does Curtiss-Wright plan to execute its share repurchases?

The company may repurchase shares through open market purchases, accelerated share repurchase transactions, negotiated block transactions, Rule 10b5-1 plans, and other transactions structured through investment banks or privately negotiated deals, or a combination of these methods.

What Rule 10b5-1 trading plans did Curtiss-Wright adopt for 2026?

Curtiss-Wright adopted two Rule 10b5-1 trading plans effective from January 2, 2026 to December 31, 2026. One plan provides for purchases totaling $60 million executed equally over calendar year 2026, while the second plan permits potential purchases up to $100 million, subject to a price limit that may prevent purchases under that plan.

Does Curtiss-Wright’s share repurchase authorization have an expiration date?

The share repurchase authorization does not have an expiration date. It may be amended, discontinued, or terminated at any time by the Board of Directors without prior notice.

Why did Curtiss-Wright implement Rule 10b5-1 plans for share repurchases?

The company states that adopting Rule 10b5-1 trading plans allows it to repurchase shares at times when it might otherwise be unable to do so because of self-imposed trading blackout periods or insider trading laws, with a broker executing purchases under preset terms and limitations.

Where will investors find updates on Curtiss-Wright’s actual share repurchases?

Information about actual share repurchases will be provided in Curtiss-Wright’s periodic reports on Form 10-Q and Form 10-K filed with the Securities and Exchange Commission.