Curtiss-Wright (CW) COO granted 652 RSUs under 2024 Omnibus Incentive Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rayment Kevin reported acquisition or exercise transactions in this Form 4 filing.
Curtiss-Wright Executive VP and COO Kevin Rayment received a grant of 652 time-based restricted stock units under the company’s 2024 Omnibus Incentive Plan. Each unit represents a contingent right to one share of common stock and will cliff vest after a three-year period from the March 9, 2026 grant date.
The units were granted as an employee benefit with no purchase price, and Rayment’s total reported restricted stock unit balance after this award is 6,432 units, which includes dividend credits earned on prior grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rayment Kevin
Role
Executive VP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 652 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 6,432 shares (Direct)
Footnotes (1)
- 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. No price on the date of issue. The restricted stock units were granted as an employee benefit transaction. Share total includes dividend credits earned on prior outstanding grants.
FAQ
What did Curtiss-Wright (CW) executive Kevin Rayment report in this Form 4?
Kevin Rayment, Executive VP and COO of Curtiss-Wright, reported receiving 652 restricted stock units as an equity incentive grant. These units are part of his compensation and increase his total reported restricted stock unit holdings to 6,432, including dividend credits from prior awards.
How many restricted stock units did Kevin Rayment receive from Curtiss-Wright (CW)?
Kevin Rayment received a grant of 652 restricted stock units linked to Curtiss-Wright common stock. Each unit represents the right to receive one share in the future, subject to vesting conditions and continued service through the three-year cliff vesting period from March 9, 2026.
What are the vesting terms of Kevin Rayment’s new Curtiss-Wright (CW) RSU grant?
The 652 restricted stock units will cliff vest after a three-year period from the March 9, 2026 grant date. This means none vest gradually; all vest at once at the end of three years, assuming the vesting conditions under the 2024 Omnibus Incentive Plan are satisfied.
Did Kevin Rayment pay a purchase price for the Curtiss-Wright (CW) RSUs?
No, there was no purchase price on the date of issue for these restricted stock units. The RSUs were granted as an employee benefit transaction, serving as part of Rayment’s equity-based compensation rather than an open-market stock purchase.
How many Curtiss-Wright (CW) RSUs does Kevin Rayment hold after this grant?
After this grant, Kevin Rayment’s reported total restricted stock unit balance is 6,432 units. This figure includes the newly granted 652 RSUs as well as dividend credits that have accrued on prior outstanding restricted stock unit awards granted by Curtiss-Wright.
What plan governs Kevin Rayment’s new Curtiss-Wright (CW) RSU award?
The award was granted under Curtiss-Wright’s 2024 Omnibus Incentive Plan. This plan authorizes equity-based compensation such as restricted stock units, with this grant providing Rayment a contingent right to shares of common stock subject to a three-year cliff vesting schedule from March 9, 2026.