Curtiss-Wright (NYSE: CW) COO adds 26 shares through employee stock purchase plan
Rhea-AI Filing Summary
CURTISS WRIGHT CORP Executive VP and COO Kevin Rayment acquired 26 shares of common stock through the company’s Employee Stock Purchase Plan (ESPP). The shares were credited on an offering period ending June 30, 2026, at a purchase price of $634.88 per share. After this ESPP acquisition, Rayment directly holds 31,519 shares. The ESPP uses payroll deductions over a six‑month period and provides a 15% discount based on the average selling price on the last day of the offering period. The transaction is described as exempt under Rule 16b‑3(d) and Rule 16b‑3(c).
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Insights
Routine ESPP acquisition adds modest shares to existing holdings.
Executive VP and COO Kevin Rayment acquired 26 shares of CURTISS WRIGHT CORP common stock via the Employee Stock Purchase Plan. This is classified as a grant/award-type acquisition rather than an open-market trade, and is exempt under Rule 16b-3(d) and 16b-3(c).
The ESPP relies on payroll deductions across a six-month offering period and applies a 15% discount to the average selling price on June 30, 2026. After the transaction, Rayment holds 31,519 shares directly, indicating this is a small, routine increase relative to his existing position.
The filing reflects normal employee equity participation rather than a discretionary market bet. Future disclosures in company filings may provide additional context on ongoing ESPP participation and any larger-scale insider trading activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26 | $634.88 | $17K |
Footnotes (1)
- Shares were acquired pursuant to the Issuer's Employee Stock Purchase Plan ("ESPP"), under which the Reporting Person agrees to payroll deductions prior to the commencement of a six-month offering period whereby the payroll deductions are accumulated for the purchase of shares at the end of the offering period. This transaction is exempt under both Rule 16b-3(d) and Rule 16b-3(c). In accordance with the terms of the ESPP, the purchase price is calculated by giving a 15% discount on the average selling price of the Issuer's common stock price on June 30, 2026, the last day of the offering period.