Curtiss-Wright (NYSE: CW) EVP sells shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Curtiss-Wright EVP & Chief Growth Officer John C. Watts exercised 512 restricted stock units into common shares and sold 220 shares. The RSUs were granted on March 16, 2023 under the 2014 Omnibus Incentive Plan and cliff vested after a three-year period.
The 220 common shares were sold on the open market at an average price of $678.11 per share, in multiple trades between $671.53 and $681.02. According to the disclosure, the sale was made to cover tax obligations related to the vesting, and Watts remains in compliance with the company’s share ownership guidelines.
Following these transactions, Watts directly holds 4,182 shares of Curtiss-Wright common stock and 895 restricted stock units, including dividend credits earned on prior grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 220 shares ($149,184)
Net Sell
3 txns
Insider
Watts John C
Role
EVP & Chief Growth Officer
Sold
220 shs ($149K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 220 | $678.11 | $149K |
| Exercise | Restricted Stock Unit | 512 | $0.00 | -- |
| Exercise | Common Stock | 512 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,182 shares (Direct);
Restricted Stock Unit — 895 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 $671.53 to $681.02, 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) report for John C. Watts?
Curtiss-Wright reported that EVP & Chief Growth Officer John C. Watts exercised 512 restricted stock units into common stock and sold 220 common shares. The transactions relate to a prior RSU grant that vested after three years under the company’s 2014 Omnibus Incentive Plan.
What is the origin and vesting schedule of the RSUs exercised by John C. Watts at Curtiss-Wright (CW)?
The 512 restricted stock units exercised by Watts were granted on March 16, 2023 under Curtiss-Wright’s 2014 Omnibus Incentive Plan. These RSUs cliff vested into common stock after a three-year vesting period, and were granted as an employee benefit transaction without an issue-date price.