Woodward (WWD) EVP sells 185 shares under Rule 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Woodward, Inc. executive vice president and general counsel Karrie M. Bem reported an open-market sale of 185 shares of Woodward common stock at $352.48 per share. The transaction was executed on May 18, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on February 12, 2026.

After this sale, Bem directly holds 3,833 shares of Woodward common stock. She also has an indirect interest in 78 shares held through the Woodward Retirement Savings Plan, based on a calculation as of May 14, 2026.

Insider Trade Summary 10b5-1

Net Seller: 185 shares ($65,209)

Net Sell 2 txns

Insider Bem Karrie M.

Role EVP, Gen Counsel & Corp Sec

Sold 185 shs ($65K)

Type	Security	Shares	Price	Value
Sale	Woodward, Inc. Common Stock	185	$352.48	$65K
holding	Woodward, Inc. Common Stock	--	--	--

Holdings After Transaction: Woodward, Inc. Common Stock — 3,833 shares (Direct, null); Woodward, Inc. Common Stock — 78 shares (Indirect, By Woodward Retirement Savings Plan)

Footnotes (1)

The sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on February 12, 2026. 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 May 14, 2026.

Key Figures

Shares sold: 185 shares Sale price per share: $352.48 per share Direct holdings after sale: 3,833 shares +2 more

5 metrics

Shares sold 185 shares Open-market sale on May 18, 2026

Sale price per share $352.48 per share Woodward common stock sale

Direct holdings after sale 3,833 shares Common stock held directly after transaction

Indirect plan holdings 78 shares Woodward Retirement Savings Plan as of May 14, 2026

Net share change -185 shares Net buy/sell shares in this Form 4

Key Terms

Rule 10b5-1 trading plan, open-market sale, Woodward Retirement Savings Plan, indirect ownership

4 terms

Rule 10b5-1 trading plan regulatory

"The sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Woodward Retirement Savings Plan financial

"shares held by the reporting person in the Woodward Retirement Savings Plan"

indirect ownership financial

""ownership_type": "indirect""

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 11:53 AM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bem Karrie M.

(Last)

(First)

(Middle)

1081 WOODWARD WAY

(Street)

FORT COLLINS

COLORADO

80524

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Gen Counsel & Corp Sec

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Woodward, Inc. Common Stock	05/18/2026		S⁽¹⁾		185	D	$352.48	3,833	D
Woodward, Inc. Common Stock								78	I	By Woodward Retirement Savings Plan⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on February 12, 2026.

2. 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 May 14, 2026.

	Rebecca L. Dees, by Power of Attorney	05/19/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Woodward (WWD) report for Karrie M. Bem?

Woodward reported that executive Karrie M. Bem sold 185 shares of common stock in an open-market transaction at $352.48 per share. The filing also shows her updated direct and indirect share holdings after the transaction.

Was the Woodward (WWD) insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the 185-share sale by Karrie M. Bem was effected under a Rule 10b5-1 trading plan adopted on February 12, 2026. Such plans pre-schedule trades, reducing the significance of trade timing.

How many Woodward (WWD) shares does Karrie M. Bem hold after the sale?

After selling 185 shares, Karrie M. Bem directly holds 3,833 shares of Woodward common stock. She also has an indirect interest in 78 shares held through the Woodward Retirement Savings Plan, based on data as of May 14, 2026.

What price did the Woodward (WWD) insider shares sell for?

The 185 Woodward shares sold by Karrie M. Bem were transacted at $352.48 per share. This price applies specifically to the reported open-market sale on May 18, 2026, as disclosed in the insider trading report.

What role does Karrie M. Bem hold at Woodward (WWD)?

Karrie M. Bem serves as executive vice president, general counsel, and corporate secretary at Woodward. Her position makes her a Section 16 reporting person, so her transactions in Woodward common stock must be disclosed in Form 4 filings.