Woodward (WWD) director exercises 5,200 options, sells 5,200 shares at $378.15

Rhea-AI Filing Summary

Woodward, Inc. director Eileen P. Paterson reported an option exercise and share sale. On 02/05/2026 she exercised 5,200 Non-Qualified Stock Options at $79.81 per share, receiving 5,200 shares of Woodward common stock. That same day she sold 5,200 shares in open market trades at a weighted average price of $378.15 per share, with individual sale prices ranging from $377.93 to $378.31. After these transactions, she directly owned 2,538 shares of Woodward common stock.

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
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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^*

Paterson Eileen P.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

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	02/05/2026		M		5,200	A	$79.81	7,738	D
Woodward, Inc. Common Stock	02/05/2026		S		5,200	D	$378.15(1)	2,538	D

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)	$79.81	02/05/2026		M			5,200	10/01/2019(2)	10/01/2028(2)	Woodward, Inc. Common Stock	5,200	$0	0	D

Explanation of Responses:

1. 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 $377.93 to $378.31 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.

2. Options are fully vested and exercisable.

	Rebecca L. Dees, by Power of Attorney	02/09/2026
	** 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 transaction did Woodward (WWD) director Eileen P. Paterson report?

Director Eileen P. Paterson reported exercising stock options and selling shares on 02/05/2026. She exercised 5,200 Non-Qualified Stock Options at $79.81 per share, then sold 5,200 Woodward common shares the same day in open market transactions.

How many Woodward (WWD) shares did Eileen P. Paterson sell and at what price?

She sold 5,200 Woodward common shares at a weighted average price of $378.15 per share. The sales were executed through a broker in multiple same-day, same-way open market trades, with prices ranging from $377.93 to $378.31 per share.

What stock options did Eileen P. Paterson exercise in this Woodward (WWD) Form 4?

She exercised 5,200 Non-Qualified Stock Options (Right to Buy) with an exercise price of $79.81 per share. These options were fully vested and exercisable, and were originally granted on 10/01/2019 with an expiration date of 10/01/2028.

How many Woodward (WWD) shares does Eileen P. Paterson own after the reported transactions?

After the 02/05/2026 transactions, she directly owned 2,538 shares of Woodward common stock. Before the sale, she held 7,738 shares following the option exercise, then disposed of 5,200 shares in open market sales, leaving the 2,538-share balance.

Were the Woodward (WWD) insider sales reported as individual trades or averages?

The sales were reported on an aggregate basis using a weighted average price of $378.15 per share. Footnotes explain multiple same-day, same-way open market trades between $377.93 and $378.31, with full breakdowns available upon request to regulators or shareholders.

What does the Form 4 say about Eileen P. Paterson’s Woodward (WWD) stock option position after the trade?

Following the reported option exercise on 02/05/2026, the Form 4 shows zero Non-Qualified Stock Options of that specific grant remaining beneficially owned. The exercised options covered 5,200 shares of Woodward common stock at an exercise price of $79.81.