Woodward Insider Form 4: 846-share Rule 10b5-1 Sale Filed

Rhea-AI Filing Summary

Woodward, Inc. (WWD) – Form 4 insider transaction: EVP & President, Industrial, Randall Hobbs, reported the sale of 846 common shares on 03 Jul 2025 at an indicated price of $250 per share. The disposition was executed under a pre-arranged Rule 10b5-1 plan adopted 27 Feb 2025.

Following the sale, Hobbs directly owns 48,981 shares and indirectly holds 227 shares through the Woodward Retirement Savings Plan. The Form 4 was filed on 07 Jul 2025.

No derivative security activity was reported. The transaction does not alter Hobbs’ officer status and represents a relatively small portion of his total beneficial ownership.

Positive

• None.

Negative

• Insider sale: EVP & President, Industrial disposed of 846 shares at $250, which can be interpreted as a modestly negative sentiment signal.

Insights

Securities Analyst

TL;DR: Small, pre-planned insider sale; ownership remains large; neutral market impact.

The 846-share sale equates to roughly 1.7% of Hobbs’ direct stake (48,981 post-sale). Because it was executed under a Rule 10b5-1 plan, the transaction is routine rather than opportunistic. No derivatives or additional sales are disclosed. Given Woodward’s average daily volume, the sale size is immaterial and should not pressure the stock. Overall, the filing provides limited new information for valuation models.

Corporate Governance Expert

TL;DR: Insider disposal under Rule 10b5-1 slightly negative for sentiment.

While Rule 10b5-1 plans mitigate concerns about timing, any insider sale can be read cautiously by governance-focused investors. The modest scale and remaining ownership cushion suggest ongoing alignment with shareholders, but continuous monitoring of future filings is prudent.

Insider Trade Summary

Net Seller: 846 shares ($211,500)

Net Sell 2 txns

Insider Hobbs Randall

Role EVP and President, Industrial

Sold 846 shs ($212K)

Type	Security	Shares	Price	Value
Sale	Woodward, Inc. Common Stock	846	$250.00	$212K
holding	Woodward, Inc. Common Stock	--	--	--

Holdings After Transaction: Woodward, Inc. Common Stock — 48,981 shares (Direct); Woodward, Inc. Common Stock — 227 shares (Indirect, By Woodward Retirement Savings Plan)

Footnotes (1)

1. The sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on February 27, 2025. 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 July 2, 2025.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 07/07/2025 - 05:40 PM Learn about SEC filing dates

FAQ

When did Woodward EVP Randall Hobbs sell shares?

07 Jul 2025 filing reports a sale executed on 03 Jul 2025.

How many WWD shares did Hobbs sell and at what price?

He sold 846 common shares at an indicated $250 per share.

How many Woodward shares does Hobbs own after the sale?

He holds 48,981 shares directly and 227 shares indirectly via the Woodward Retirement Savings Plan.

Was the sale part of a Rule 10b5-1 trading plan?

Yes. The filing states the transaction was executed under a plan adopted on 27 Feb 2025.

Did the Form 4 disclose any derivative transactions?

No derivative securities were acquired or disposed of in this filing.

Does this insider sale materially affect Woodward’s share count?

No. The 846-share sale is immaterial relative to Woodward’s total shares outstanding.

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).

X

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^*

Hobbs Randall

(Last) (First) (Middle)

1041 WOODWARD WAY

(Street)

FORT COLLINS CO 80524

(City) (State) (Zip)

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 President, Industrial

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. 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 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	07/03/2025		S(1)		846	D	$250	48,981	D
Woodward, Inc. Common Stock								227	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. The sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on February 27, 2025.

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 July 2, 2025.

	Rebecca L. Dees, by Power of Attorney	07/07/2025
	** 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 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.