Curtiss-Wright (CW) CFO sells 918 shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Curtiss-Wright Executive VP and CFO Christopher K. Farkas reported the vesting of restricted stock units and a related share sale. On March 16, 2026, 2,183 restricted stock units granted on March 16, 2023 under the 2014 Omnibus Incentive Plan cliff vested into common stock with no exercise price as an employee benefit.
Following vesting, he held 6,436 common shares, then on March 17, 2026 he sold 918 common shares in open-market transactions at an average price of $677.46 per share. The sale was made to cover tax obligations associated with the vesting, in line with company share ownership guidelines, and left him with 5,518 common shares and 9,366 restricted stock units, including dividend credits.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 918 shares ($621,908)
Net Sell
3 txns
Insider
Farkas K Christopher
Role
Executive VP and CFO
Sold
918 shs ($622K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 918 | $677.46 | $622K |
| Exercise | Restricted Stock Unit | 2,183 | $0.00 | -- |
| Exercise | Common Stock | 2,183 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,518 shares (Direct);
Restricted Stock Unit — 9,366 shares (Direct)
Footnotes (1)
- These shares were acquired through a restricted stock unit ("RSU") grant under the Company's 2014 Omnibus Incentive Plan on March 16, 2023. The RSUs cliff vested in Issuer common stock after a three-year vesting period from the date of grant. No price on the date of issue. The restricted stock units were granted as an employee benefit transaction. Shares were sold in compliance with the Company's share ownership guidelines whereby the Reporting Person may sell a portion of the vesting award to cover any tax obligations associated with the vesting of the award. The Reporting Person is and remains in compliance with the share ownership guidelines. The price reported is the average selling price. The shares were sold in multiple transactions at prices ranging from $669.72 to $681.43, inclusive. The Reporting Person undertakes to provide the SEC, the issuer and any security holder full information regarding the number of shares sold at each separate price. Share total includes dividend credits earned on prior outstanding grants.
FAQ
What insider transactions did Curtiss-Wright (CW) CFO Christopher Farkas report?
Christopher Farkas reported RSU vesting and a related stock sale. 2,183 restricted stock units vested into common stock, and he sold 918 common shares in open-market transactions at an average price of $677.46 per share, primarily to address tax obligations.
What RSU vesting did Curtiss-Wright (CW) disclose for its CFO?
Curtiss-Wright disclosed that 2,183 restricted stock units granted on March 16, 2023 to the CFO vested on March 16, 2026. These RSUs, granted under the 2014 Omnibus Incentive Plan, converted into common stock at no cost as an employee benefit transaction.
What are the Curtiss-Wright (CW) CFO’s holdings after these transactions?
After the reported transactions, the CFO holds 5,518 shares of Curtiss-Wright common stock directly. He also holds 9,366 restricted stock units, with that RSU total noted as including dividend credits earned on prior outstanding grants, based on the filing footnote.
Were the Curtiss-Wright (CW) CFO’s RSUs granted at a purchase price?
The RSUs were granted with no purchase price on the date of issue. The filing explains that the restricted stock units were awarded as an employee benefit transaction under Curtiss-Wright’s 2014 Omnibus Incentive Plan, rather than acquired through an open-market purchase.