Woodward, Inc. (WWD) EVP & COO Exercises Options, Sells 5,000 Shares

Rhea-AI Filing Summary

Woodward, Inc.'s EVP and COO reported an option exercise and share sale. On 12/15/2025, the executive exercised 5,000 non-qualified stock options at $83.24 per share, acquiring the same number of Woodward common shares. On the same day, 5,000 shares were sold at $297.88 per share under a Rule 10b5-1 trading plan that was adopted on July 30, 2025.

After these transactions, the officer directly held 15,135 Woodward shares and indirectly held 490 shares through the Woodward Retirement Savings Plan. The executive also continued to hold 13,386 stock options with an $83.24 exercise price, expiring on 10/03/2032, which become exercisable as to 25% of the shares on 10/03/2023 and 25% on each one-year anniversary thereafter.

Insider Trade Summary

Net Seller: 5,000 shares ($1,489,400)

Net Sell 4 txns

Insider Cromwell Thomas G

Role EVP and COO

Sold 5,000 shs ($1.49M)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (Right to Buy)	5,000	$0.00	--
Exercise	Woodward, Inc. Common Stock	5,000	$83.24	$416K
Sale	Woodward, Inc. Common Stock	5,000	$297.88	$1.49M
holding	Woodward, Inc. Common Stock	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (Right to Buy) — 13,386 shares (Direct); Woodward, Inc. Common Stock — 20,135 shares (Direct); Woodward, Inc. Common Stock — 490 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 July 30, 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 November 28, 2025. Options, which expire October 3, 2032, become exercisable as to 25% of the shares on October 3, 2023 and 25% each one-year anniversary thereafter.

Form 4 Insider Transactions: What Each Field Means →

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^*

Cromwell Thomas G

(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 COO

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		M		5,000	A	$83.24	20,135	D
Woodward, Inc. Common Stock	12/15/2025		S(1)		5,000	D	$297.88	15,135	D
Woodward, Inc. Common Stock								490	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
Non-Qualified Stock Option (Right to Buy)	$83.24	12/15/2025		M			5,000	10/03/2023(3)	10/03/2032(3)	Woodward, Inc. Common Stock	5,000	$0	13,386	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 July 30, 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 November 28, 2025.

3. Options, which expire October 3, 2032, become exercisable as to 25% of the shares on October 3, 2023 and 25% each one-year anniversary thereafter.

	Rebecca L. Dees, by Power of Attorney	12/16/2025
	** 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.

FAQ

What insider stock transactions did Woodward (WWD) report for its EVP and COO?

The Woodward, Inc. EVP and COO exercised 5,000 non-qualified stock options at $83.24 per share on 12/15/2025, receiving 5,000 common shares, and on the same day sold 5,000 shares at $297.88 per share.

When did the Woodward (WWD) EVP and COO’s transactions occur and what plan applied?

The transactions occurred on 12/15/2025. The reported sale of 5,000 shares was effected under a Rule 10b5-1 trading plan that was adopted on 07/30/2025.

How many Woodward (WWD) shares does the EVP and COO own after these transactions?

Following the reported transactions, the EVP and COO directly owned 15,135 shares of Woodward common stock and indirectly owned 490 shares through the Woodward Retirement Savings Plan.

What stock options does the Woodward (WWD) EVP and COO still hold?

The officer held 13,386 non-qualified stock options after the transactions, each with an exercise price of $83.24 and an expiration date of 10/03/2032.

How do the remaining Woodward (WWD) options held by the EVP and COO vest?

The options, which expire on 10/03/2032, become exercisable as to 25% of the shares on 10/03/2023 and 25% on each one-year anniversary thereafter.

What is the reported role and filing status of the Woodward (WWD) insider?

The reporting person is an officer of Woodward, Inc., serving as EVP and COO, and the report is filed as a Form filed by one reporting person.