Woodward EVP Randall Hobbs files Form 4 for minor share sale

Rhea-AI Filing Summary

Woodward, Inc. (WWD) – Form 4 insider transaction

Executive Vice President and President, Industrial segment, Randall Hobbs reported the sale of 500 common shares on 18 June 2025 at an average price of $240.00 per share. The disposition was executed under a pre-arranged Rule 10b5-1 trading plan adopted on 27 Feb 2025.

Following the transaction, Hobbs’ beneficial ownership stands at:

• 49,827 shares held directly
• 227 shares held indirectly through the Woodward Retirement Savings Plan

No derivative securities were acquired or disposed of, and no other transactions were reported.

Positive

• None.

Negative

• Insider sale by a senior executive, albeit small, can be perceived as a modest negative signal.

Insights

Securities Analyst

TL;DR: Small Rule 10b5-1 sale; minimal impact on WWD.

The reported 500-share sale (≈0.001% of Woodward’s 62 million-share float) is immaterial in size. Because the trade occurred under a pre-established Rule 10b5-1 plan, it carries less negative signalling risk than discretionary sales. Hobbs retains ~50 k shares, indicating continued alignment with shareholders. Overall, the filing is routine and unlikely to influence valuation or liquidity.

Insider Trade Summary

Net Seller: 500 shares

Net Sell 2 txns

Insider Hobbs Randall

Role EVP and President, Industrial

Sold 500 shs ($120K)

Type	Security	Shares	Price	Value
Sale	Woodward, Inc. Common Stock	500	$240.00	$120K
holding	Woodward, Inc. Common Stock	--	--	--

Holdings After Transaction: Woodward, Inc. Common Stock — 49,827 shares (Direct); Woodward, Inc. Common Stock — 227 shares (Indirect, By Woodward Retirement Savings Plan)

Footnotes (3)

1. F1. 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. F2. Total includes 59 additional shares and units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.
3. F3. 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 June 3, 2025.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/20/2025 - 09:49 AM Learn about SEC filing dates

FAQ

How many Woodward (WWD) shares did Randall Hobbs sell?

He sold 500 common shares on 18 June 2025 at $240 each.

What is Hobbs’ remaining ownership in Woodward after the sale?

He now owns 49,827 shares directly and 227 shares indirectly via the retirement plan.

Was the sale conducted under a Rule 10b5-1 trading plan?

Yes. The plan was adopted on 27 February 2025, providing an affirmative defense against insider-trading claims.

Did the Form 4 report any derivative security transactions?

No, the filing shows no derivative securities acquired or disposed of.

Is this insider transaction likely to affect Woodward’s stock price?

Given the small volume (0.001% of shares outstanding), analysts view the impact as negligible.

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)
06/18/2025

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	06/18/2025		S(1)		500	D	$240	49,827(2)	D
Woodward, Inc. Common Stock								227	I	By Woodward Retirement Savings Plan(3)

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. Total includes 59 additional shares and units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.

3. 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 June 3, 2025.

	Rebecca L. Dees, by Power of Attorney	06/20/2025
	** 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.