Woodward (WWD) aerospace EVP exercises 1,850 options, sells 1,850 shares

Rhea-AI Filing Summary

Woodward, Inc. executive Shawn M. McLevige, EVP and President, Aerospace, reported exercising options and selling shares of company stock. He exercised a non-qualified stock option for 1,850 shares on March 3, 2026, acquiring Woodward common stock at $104.77 per share.

On the same date, he executed multiple open-market sales totaling 1,850 shares of Woodward common stock in several trades, with reported prices between about $378.80 and $394.76 per share. A footnote states these sales were made under a Rule 10b5-1 trading plan adopted on December 2, 2025.

After these transactions, McLevige directly owned 3,173 shares of Woodward common stock, and indirectly held 892 shares through the Woodward Retirement Savings Plan, based on a calculation as of March 3, 2026.

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^*

McLevige Shawn M

(Last) (First) (Middle)

1081 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, Aerospace

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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	03/03/2026		M		1,850	A	$104.77	4,945	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		281	D	$379.23(2)	4,664	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		350	D	$380.33(3)	4,314	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		200	D	$382.68	4,114	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		260	D	$384.68(4)	3,854	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		250	D	$385.48(5)	3,604	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		200	D	$387.07(6)	3,404	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		100	D	$389.4(7)	3,304	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		31	D	$390.56(8)	3,273	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		100	D	$392.34(9)	3,173	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		78	D	$394.76	3,095	D
Woodward, Inc. Common Stock								892	I	By Woodward Retirement Savings Plan(10)

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
Non-Qualified Stock Option (Right to Buy)	$104.77	03/03/2026		M			1,850	10/01/2020(11)	10/01/2029(11)	Woodward, Inc. Common Stock	1,850	$0	0	D

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 December 2, 2025.

2. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $378.80 to $379.77 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

3. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $379.95 to $380.84 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

4. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $384.47 to $384.90 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

5. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $385.48 to $385.91 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

6. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $387.00 to $387.14 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

7. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $389.26 to $389.53 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

8. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $390.56 to $390.60 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

9. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $392.14 to $392.53 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

10. 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 March 3, 2026.

11. Options, which expire October 1, 2029, became exercisable as to 25% of the shares on October 1, 2020 and 25% each one-year anniversary thereafter.

	Rebecca L. Dees, by Power of Attorney	03/05/2026
	** 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.

FAQ

What insider stock transactions did WWD executive Shawn McLevige report?

Shawn M. McLevige reported exercising options for 1,850 shares of Woodward, Inc. common stock and selling 1,850 shares in multiple open-market trades. These trades occurred on March 3, 2026, according to the Form 4 filing data.

At what prices did Shawn McLevige sell Woodward (WWD) shares?

Shawn McLevige’s reported Woodward share sales were executed in multiple trades, with prices ranging between about $378.80 and $394.76 per share. Footnotes explain these are weighted-average prices for grouped same-day open-market transactions.

Was Shawn McLevige’s WWD stock sale under a Rule 10b5-1 plan?

Yes. A footnote states the sale was effected under a Rule 10b5-1 trading plan adopted on December 2, 2025. Such plans pre-schedule trades, allowing insiders to sell shares according to predetermined instructions.

How many Woodward (WWD) shares does Shawn McLevige own after these transactions?

After the reported trades, Shawn McLevige directly owned 3,173 shares of Woodward common stock. He also indirectly held 892 shares through the Woodward Retirement Savings Plan, based on a calculation as of March 3, 2026.

What type of derivative security did Shawn McLevige exercise at Woodward (WWD)?

He exercised a Non-Qualified Stock Option (Right to Buy) covering 1,850 shares. A footnote notes these options expire on October 1, 2029 and became exercisable in 25% increments starting October 1, 2020 and on each yearly anniversary.