Curtiss-Wright (NYSE: CW) EVP adds stock through employee purchase plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Curtiss-Wright executive George P. McDonald, Executive VP and Corporate Secretary, acquired 25 shares of common stock through a grant/award transaction. The shares were priced at $634.88 per share and were purchased under the company’s Employee Stock Purchase Plan using accumulated payroll deductions over a six-month offering period.
After this ESPP purchase, McDonald directly holds 4,235 common shares. The footnotes explain that the plan provides a 15% discount to the average selling price of Curtiss-Wright stock on June 30, 2026, the last day of the offering period, when determining the purchase price.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDonald George P.
Role
Executive VP and Corporate Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25 | $634.88 | $16K |
Holdings After Transaction:
Common Stock — 4,235 shares (Direct, null)
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 June 30, 2026, the last day of the offering period.
Key Figures
Shares acquired: 25 shares
Transaction price: $634.88 per share
Post-transaction holdings: 4,235 shares
+1 more
4 metrics
Shares acquired
25 shares
Common stock acquired via ESPP grant/award
Transaction price
$634.88 per share
Recorded price for ESPP acquisition
Post-transaction holdings
4,235 shares
Direct common stock holdings after ESPP purchase
ESPP discount
15% discount
Applied to average selling price on June 30, 2026
Key Terms
Employee Stock Purchase Plan, ESPP, Rule 16b-3(d), Rule 16b-3(c), +1 more
5 terms
Employee Stock Purchase Plan financial
"Shares were acquired pursuant to the Issuer's Employee Stock Purchase Plan ("ESPP"), under which the Reporting Person agrees to payroll deductions…"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
ESPP financial
"In accordance with the terms of the ESPP, the purchase price is calculated by giving a 15% discount…"
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
Rule 16b-3(d) regulatory
"This transaction is exempt under both Rule 16b-3(d) and Rule 16b-3(c)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"This transaction is exempt under both Rule 16b-3(d) and Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
offering period financial
"prior to the commencement of a six-month offering period whereby the payroll deductions are accumulated for the purchase of shares…"
FAQ
What did Curtiss-Wright (CW) executive George P. McDonald report in this Form 4?
George P. McDonald reported acquiring 25 shares of Curtiss-Wright common stock. The shares were obtained through the company’s Employee Stock Purchase Plan, using payroll deductions over a six-month period and priced pursuant to the plan’s discount formula.