[Form 3] Woodward, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Initial Form 3 filed for Shawn M. McLevige reporting his beneficial ownership in Woodward, Inc. (WWD). He directly owns 2,383 shares and indirectly owns 845 shares through the Woodward Retirement Savings Plan, for a total of 3,228 shares. The report discloses exercisable non-qualified stock options covering 12,576 underlying shares with exercise prices ranging from $81.03 to $137.76; several option tranches are fully vested or vest 25% on specified anniversaries. The filing identifies Mr. McLevige as an EVP and President, Aerospace and an officer of the company.

Positive

• Direct ownership of 2,383 shares aligns officer interests with shareholders
• Options covering 12,576 shares provide performance-linked compensation and retention incentives

Negative

• None.

Insights

Compensation & Governance Analyst

Officer holds modest direct equity and substantial vested/options exposure.

The holder directly owns 2,383 shares and indirectly 845 via the retirement plan, plus options for 12,576 shares that span exercise prices from $81.03 to $137.76. Several option series are noted as fully vested or vesting in 25% tranches on anniversaries such as 10/03/2023 and 02/12/2025, which affects near-term potential share issuance if exercised.

This ownership profile is typical for senior executives: direct share stakes provide alignment while option tranches create future upside tied to share-price performance. Monitor actual option exercises and any Form 4 filings for timing and tax-driven activity within the next 12 months.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

McLevige Shawn M

(Last) (First) (Middle)

1081 WOODWARD WAY

(Street)

FORT COLLINS CO 80524

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2025

3. Issuer Name and Ticker or Trading Symbol
Woodward, Inc. [ WWD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and President, Aerospace

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Woodward, Inc. Common Stock	2,383	D
Woodward, Inc. Common Stock	845	I	By Woodward Retirement Savings Plan(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy)	10/01/2020(2)	10/01/2029	Woodward, Inc. Common Stock	1,850	$104.77	D
Non-Qualified Stock Option (Right to Buy)	10/01/2021(2)	10/01/2030	Woodward, Inc. Common Stock	4,300	$81.03	D
Non-Qualified Stock Option (Right to Buy)	10/01/2022(2)	10/01/2031	Woodward, Inc. Common Stock	2,600	$117.64	D
Non-Qualified Stock Option (Right to Buy)	10/03/2023(3)	10/03/2032	Woodward, Inc. Common Stock	2,570	$83.24	D
Non-Qualified Stock Option (Right to Buy)	02/12/2025(4)	02/12/2034	Woodward, Inc. Common Stock	1,256	$137.76	D

Explanation of Responses:

1. The information in this report regarding the number of shares held by the reporting person in the Woodward Retirement Savings Plan is based on a calculation as of October 3, 2025.

2. Options are fully vested and exercisable.

3. Options become exercisable as to 25% of the shares on October 3, 2023 and 25% each one-year anniversary thereafter.

4. Options become exercisable as to 25% of the shares on February 12, 2025 and 25% each one-year anniversary thereafter.

	Rebecca L. Dees, by Power of Attorney	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Shawn M. McLevige report on the Form 3 for WWD?

He reports 2,383 shares owned directly, 845 shares indirectly via the Woodward Retirement Savings Plan, and non-qualified stock options covering 12,576 underlying shares.

Are any of the disclosed options vested and exercisable?

Yes. Some option series are reported as fully vested and exercisable, and others vest in 25% tranches on anniversaries starting 10/03/2023 or 02/12/2025.

What are the exercise price ranges for the options disclosed?

The disclosed exercise prices range from $81.03 to $137.76 per share.

What is the reporting person’s role at Woodward (WWD)?

The filing lists Shawn M. McLevige as EVP and President, Aerospace and an officer of the company.

When was the event requiring this Form 3 reported?

The date of the event requiring the statement is 10/01/2025, and the form was signed on 10/07/2025.