Curtiss-Wright (NYSE: CW) CFO awarded 645 RSUs under 2024 incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Farkas K Christopher reported acquisition or exercise transactions in this Form 4 filing.
Curtiss-Wright Executive VP and CFO K. Christopher Farkas received a grant of 645 restricted stock units (RSUs) on March 9, 2026. These RSUs were granted as an employee benefit under the company’s 2024 Omnibus Incentive Plan and carry no purchase price.
Each RSU represents a contingent right to receive one share of Curtiss-Wright common stock, with the award cliff vesting after a three-year period from the grant date. Following this grant, Farkas holds 11,549 RSUs in total, a figure that also reflects dividend credits earned on prior outstanding grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Farkas K Christopher
Role
Executive VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 645 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 11,549 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) CFO K. Christopher Farkas report on this Form 4?
He reported receiving a grant of 645 restricted stock units as compensation. The RSUs were issued under Curtiss-Wright’s 2024 Omnibus Incentive Plan and represent a contingent right to receive common shares after vesting, rather than an open-market stock purchase.
Is the Curtiss-Wright (CW) CFO’s RSU grant an open-market stock purchase?
No, the 645 restricted stock units were granted as an employee benefit transaction. There was no price on the date of issue, and the award comes from the company’s incentive plan, not from buying shares in the open market.
When do the newly granted RSUs to Curtiss-Wright (CW) CFO vest?
The RSUs will cliff vest after a three-year period from March 9, 2026. This means all 645 units vest at once at the end of the three-year term, rather than vesting gradually over multiple dates.
How many restricted stock units does Curtiss-Wright (CW) CFO hold after this grant?
After this grant, K. Christopher Farkas holds 11,549 restricted stock units. This total includes the newly awarded 645 RSUs as well as dividend credits earned on prior outstanding grants, reflecting his full RSU-based equity position reported here.
What does each Curtiss-Wright (CW) RSU granted to the CFO represent?
Each restricted stock unit represents a contingent right to receive one share of Curtiss-Wright common stock. The units convert into actual shares only upon vesting at the end of the three-year period, assuming any applicable service-based conditions are satisfied.
Under which plan were the Curtiss-Wright (CW) CFO’s RSUs granted?
The 645 RSUs were granted under Curtiss-Wright’s 2024 Omnibus Incentive Plan. This plan is used to deliver equity-based compensation, aligning executive pay with shareholder interests by tying awards to the company’s common stock over multi-year vesting periods.