Curtiss-Wright (NYSE: CW) director receives 221 deferred stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wallace Peter C reported acquisition or exercise transactions in this Form 4 filing.
Curtiss-Wright director Peter C. Wallace reported receiving 221 shares of common stock as a deferred restricted stock award. The shares were issued under the company’s 2024 Omnibus Incentive Plan as part of his non-employee director compensation. Following this grant, he directly holds 6,209 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wallace Peter C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 221 | $719.99 | $159K |
Holdings After Transaction:
Common Stock — 6,209 shares (Direct, null)
Footnotes (1)
- Shares were acquired through the Corporation's 2024 Omnibus Incentive Plan whereby non-employee directors may elect to defer their compensation, including their annual restricted stock award, and/or receive their annual retainer and meeting fees in the form of stock at a later date. Reflects the annual restricted stock award that was earned in 2021, but receipt was deferred to June 1, 2025. Number of shares acquired is calculated based on the value of the award ($125,000) divided by the closing price of $115.24 for the Issuer's common stock as reported by the New York Stock Exchange on February 16, 2021, the date the Board initially approved the award. The number of shares is rounded up to the nearest whole share and includes dividend credits earned on outstanding award. This amount reflects 20% of the Reporting Person's restricted stock award as the reporting person elected to receive the restricted stock in five equal installments beginning June 1, 2025. Price is based on the closing market price for the Issuer's securities on the New York Stock Exchange as of June 1, 2026. The date recipient elected to receive his shares.
Key Figures
Shares granted: 221 shares
Price per share (grant basis): $719.99 per share
Holdings after transaction: 6,209 shares
+3 more
6 metrics
Shares granted
221 shares
Restricted stock grant on June 1, 2026
Price per share (grant basis)
$719.99 per share
Closing market price on June 1, 2026
Holdings after transaction
6,209 shares
Total direct Curtiss-Wright common stock after grant
Original award value
$125,000
Board-approved restricted stock award value in February 2021
Original pricing reference
$115.24 per share
NY Stock Exchange closing price on February 16, 2021
Portion of total award
20%
One of five equal installments of restricted stock
Key Terms
2024 Omnibus Incentive Plan, restricted stock award, defer their compensation, dividend credits
4 terms
2024 Omnibus Incentive Plan financial
"Shares were acquired through the Corporation's 2024 Omnibus Incentive Plan whereby non-employee directors may elect to defer their compensation"
restricted stock award financial
"Reflects the annual restricted stock award that was earned in 2021, but receipt was deferred"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
defer their compensation financial
"non-employee directors may elect to defer their compensation, including their annual restricted stock award"
dividend credits financial
"The number of shares is rounded up to the nearest whole share and includes dividend credits earned on outstanding award"
FAQ
What insider transaction did Curtiss-Wright (CW) report for Peter C. Wallace?
Curtiss-Wright reported that director Peter C. Wallace received 221 shares of common stock as a grant under the 2024 Omnibus Incentive Plan. The award reflects deferred director compensation and is structured as restricted stock, not an open-market purchase or sale.
What is the origin and value basis of Peter C. Wallace’s Curtiss-Wright (CW) award?
The award was originally valued at $125,000 and approved in February 2021. The number of shares was calculated using a $115.24 closing price on that approval date, then rounded and adjusted for dividend credits as part of a deferred restricted stock structure.
How is the Curtiss-Wright (CW) restricted stock award to Peter C. Wallace structured over time?
The reported 221 shares represent 20% of Wallace’s restricted stock award, which he elected to receive in five equal installments. This filing reflects one installment, with the receipt scheduled according to his deferral election and the company’s director compensation plan.