Curtiss-Wright (CW) COO buys stock through employee purchase plan
Rhea-AI Filing Summary
Curtiss-Wright Corporation executive reports share purchase under employee plan. Executive Vice President and COO Kevin M. Rayment acquired 10 shares of Curtiss-Wright common stock on 01/05/2026 through the company’s Employee Stock Purchase Plan (ESPP). The filing states the shares were bought at a price of $472.17 per share, determined with a 15% discount to the average selling price of the company’s common stock on December 31, 2025, the last day of the six-month offering period. Following this transaction, Rayment beneficially owns 25,912 shares of Curtiss-Wright common stock, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10 | $472.17 | $5K |
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 December 31, 2025, the last day of the offering period.
FAQ
What insider transaction did Curtiss-Wright (CW) disclose in this filing?
The filing reports that Executive Vice President and COO Kevin M. Rayment acquired 10 shares of Curtiss-Wright common stock on 01/05/2026 through the company’s Employee Stock Purchase Plan.
How does the Curtiss-Wright Employee Stock Purchase Plan (ESPP) work for this transaction?
Under the ESPP, the reporting person agreed to payroll deductions during a six-month offering period. These accumulated funds were then used to purchase shares at the end of the period at a 15% discount to the average selling price of Curtiss-Wright common stock on December 31, 2025, the last day of the offering period.
What is the role of the reporting person in Curtiss-Wright (CW)?
The reporting person is an officer of Curtiss-Wright Corporation, serving as Executive Vice President and Chief Operating Officer (COO).
Is the reported Curtiss-Wright (CW) transaction exempt under SEC rules?
The explanation states that the shares were acquired under the ESPP and that the transaction is exempt under both Rule 16b-3(d) and Rule 16b-3(c).