Woodward CFO Lacey reports 896 shares issuable on vesting

Available on EDGAR 11/13/2026 - 07:24 PM EST Accepted by SEC EDGAR 11/13/2026 - 07:23 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Woodward, Inc. EVP and CFO William F. Lacey reported 896 shares issuable upon vesting and settlement of FY26–28 ROIC performance restricted stock units on November 10, 2026. The shares remain unvested and subject to final performance certification, the award agreement and the 2017 Omnibus Incentive Plan. The fiscal 2026 performance factor was certified at 200%, the maximum; it is one of three equally weighted annual factors to be averaged after fiscal year 2028 to determine the number of shares that vest. Lacey reported 13,969 shares held directly following the transaction.

Insider Trade Summary

Grant/Award: 896 shares

Grant/Award 1 txn

Insider Lacey William F.

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Woodward, Inc. Common Stock F1	896	$0.00	$0.00
Holding	Woodward, Inc. Common Stock F2	--	--	--

Holdings After Transaction: Woodward, Inc. Common Stock — 13,969 shares (Direct); Woodward, Inc. Common Stock — 258 shares (Indirect, By Woodward Retirement Savings Plan)

Holdings Before and After: Woodward, Inc. Common Stock, 13,073 to 13,969 shares (Direct)

Footnotes (2)

1. F1. Represents shares of common stock issuable upon vesting and settlement of the reporting person's return on invested capital ("ROIC") performance restricted stock units granted on November 26, 2025 for the fiscal years 2026 through 2028 performance period (the "FY26-28 ROIC PSUs"), consisting of 894 shares attributable to fiscal year 2026 performance and 2 shares attributable to accrued dividend equivalents. On November 10, 2026, the Human Capital & Compensation Committee certified the fiscal year 2026 ROIC performance factor at 200%, the maximum level. This factor is one of three equally weighted annual factors that will be averaged after fiscal year 2028 to determine the number of shares that will vest under the FY26-28 ROIC PSUs. The reported shares remain unvested and subject to final performance certification, the terms of the applicable award agreement, and the Company's 2017 Omnibus Incentive Plan.
2. F2. 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 November 12, 2026.

Key Figures

Shares issuable upon vesting and settlement: 896 shares Fiscal 2026 performance factor: 200% Direct shares following transaction: 13,969 shares +1 more

4 metrics

Shares issuable upon vesting and settlement 896 shares FY26–28 ROIC performance restricted stock units reported November 10, 2026; the shares remain unvested.

Fiscal 2026 performance factor 200% Certified at the maximum level; one of three equally weighted annual factors to be averaged after fiscal year 2028.

Direct shares following transaction 13,969 shares Reported position following the November 10, 2026 transaction.

Indirect retirement plan shares 258 shares Woodward Retirement Savings Plan; based on a calculation as of November 12, 2026.

Key Terms

return on invested capital ("ROIC") performance restricted stock units, performance factor, accrued dividend equivalents

3 terms

return on invested capital ("ROIC") performance restricted stock units financial

"return on invested capital ("ROIC") performance restricted stock units"

performance factor financial

"certified the fiscal year 2026 ROIC performance factor at 200%"

accrued dividend equivalents financial

"2 shares attributable to accrued dividend equivalents"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many WWD shares did William F. Lacey hold through the retirement plan?

The report lists 258 shares indirectly held through the Woodward Retirement Savings Plan, based on a calculation as of November 12, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Lacey William F.

(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 and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2026

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)
			Code	V	Amount	(A) or (D)	Price
Woodward, Inc. Common Stock	11/10/2026		A		896(1)	A	$0	13,969	D
Woodward, Inc. Common Stock								258	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock issuable upon vesting and settlement of the reporting person's return on invested capital ("ROIC") performance restricted stock units granted on November 26, 2025 for the fiscal years 2026 through 2028 performance period (the "FY26-28 ROIC PSUs"), consisting of 894 shares attributable to fiscal year 2026 performance and 2 shares attributable to accrued dividend equivalents. On November 10, 2026, the Human Capital & Compensation Committee certified the fiscal year 2026 ROIC performance factor at 200%, the maximum level. This factor is one of three equally weighted annual factors that will be averaged after fiscal year 2028 to determine the number of shares that will vest under the FY26-28 ROIC PSUs. The reported shares remain unvested and subject to final performance certification, the terms of the applicable award agreement, and the Company's 2017 Omnibus Incentive Plan.

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 November 12, 2026.

	Rebecca L. Dees, by Power of Attorney	11/13/2026
	** 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)