Curtiss-Wright (NYSE: CW) VP receives RSU grant and corrects share count
Rhea-AI Filing Summary
Curtiss-Wright executive George P. McDonald reported an equity award and corrected his share count. He received a grant of 304 time-based restricted stock units under the 2024 Omnibus Incentive Plan, each representing one share of common stock, which will cliff vest after a three-year period from the March 9, 2026 grant date.
The filing also corrects his previously reported common stock ownership, noting that 2,064 shares acquired through employee benefit transactions before he became an executive officer were inadvertently omitted from his earlier Form 3. Following these updates, he directly holds 4,011 shares of common stock and 1,462 restricted stock units, including dividend credits on prior grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McDonald George P.
Role
Executive VP and Corporate Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 304 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,462 shares (Direct);
Common Stock — 4,011 shares (Direct)
Footnotes (4)
- F1. This row is being reported to correct an error in the previously reported number of shares beneficially owned by the Reporting Person. The number of shares reported as beneficially owned were understated by 2,064 shares. These shares were acquired by the Reporting Person through employee benefit transactions prior to the Reporting Person becoming an executive officer of the Issuer in November 2024 and were inadvertently not captured in the Reporting Person's Form 3 filed on November 18, 2024.
- F2. This is a time-based restricted stock unit ("RSU") grant under the Company's 2024 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will cliff vest after a three-year vesting period from the date of grant, which was March 9, 2026.
- F3. No price on the date of issue. The restricted stock units were granted as an employee benefit transaction.
- F4. Share total includes dividend credits earned on prior outstanding grants.
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FAQ
What insider activity did Curtiss-Wright (CW) disclose for George P. McDonald?
Curtiss-Wright reported that executive George P. McDonald received a grant of 304 restricted stock units and corrected his previously understated common share holdings by 2,064 shares. The update reflects both new compensation and a revised total of his directly held equity.
How many Curtiss-Wright (CW) restricted stock units were granted to George P. McDonald?
George P. McDonald was granted 304 restricted stock units, each linked to one share of Curtiss-Wright common stock. These units were granted as an employee benefit transaction with no purchase price and are part of the company’s 2024 Omnibus Incentive Plan.
When do George P. McDonald’s new Curtiss-Wright (CW) RSUs vest?
The 304 restricted stock units granted to George P. McDonald will cliff vest after a three-year vesting period from the March 9, 2026 grant date. Vesting requires continuous eligibility through that timeframe under the terms of the equity plan.
What are George P. McDonald’s total Curtiss-Wright (CW) holdings after this Form 4?
After the updates, George P. McDonald directly holds 4,011 shares of Curtiss-Wright common stock and 1,462 restricted stock units. The RSU total includes dividend credits earned on prior outstanding grants, reflecting both past and newly awarded equity-based compensation.
Was there any cash transaction involved in George P. McDonald’s Curtiss-Wright (CW) RSU grant?
No cash changed hands for this RSU grant; the company stated there was no price on the March 9, 2026 issue date. The 304 restricted stock units were granted to George P. McDonald as an employee benefit transaction under Curtiss-Wright’s incentive plan.