Woodward, Inc. (WWD) CEO sells 10,000 shares after option exercises

Rhea-AI Filing Summary

Woodward, Inc. Chairman and CEO Charles P. Blankenship reported a series of option exercises and related share sales. On March 3 and 4, 2026, he exercised non-qualified stock options for a total of 10,000 shares of Woodward common stock at an exercise price of $98.34 per share. Over the same two days, he sold 10,000 shares of Woodward common stock in multiple open-market transactions at prices ranging from about $377.84 to $394.55 per share, leaving 65,829 shares held directly afterward, plus 407 shares held indirectly through the Woodward Retirement Savings Plan as of March 3, 2026. The sales were carried out under a Rule 10b5-1 trading plan adopted on December 2, 2025, and many transactions reflect aggregated weighted-average prices across numerous small trades.

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^*

Blankenship Charles 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
X	Officer (give title below)		Other (specify below)
	Chairman of the Board and CEO

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		5,000	A	$98.34	70,829	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		154	D	$377.84(2)	70,675	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		865	D	$379.38(3)	69,810	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		470	D	$380.1(4)	69,340	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		192	D	$381.41(5)	69,148	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		429	D	$382.75(6)	68,719	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		586	D	$384.43(7)	68,133	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		615	D	$385.1(8)	67,518	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		724	D	$387.06(9)	66,794	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		376	D	$390.29(10)	66,418	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		130	D	$391.59(11)	66,288	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		150	D	$392.48	66,138	D
Woodward, Inc. Common Stock	03/03/2026		S(1)		309	D	$394.55(12)	65,829	D
Woodward, Inc. Common Stock	03/04/2026		M		5,000	A	$98.34	70,829	D
Woodward, Inc. Common Stock	03/04/2026		S(1)		1,318	D	$382.06(13)	69,511	D
Woodward, Inc. Common Stock	03/04/2026		S(1)		863	D	$383.09(14)	68,648	D
Woodward, Inc. Common Stock	03/04/2026		S(1)		869	D	$384.03(15)	67,779	D
Woodward, Inc. Common Stock	03/04/2026		S(1)		900	D	$385.78(16)	66,879	D
Woodward, Inc. Common Stock	03/04/2026		S(1)		300	D	$387.29(17)	66,579	D
Woodward, Inc. Common Stock	03/04/2026		S(1)		750	D	$387.97	65,829	D
Woodward, Inc. Common Stock								407	I	By Woodward Retirement Savings Plan(18)

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)	$98.34	03/03/2026		M			5,000	05/09/2023(19)	05/09/2032(19)	Woodward, Inc. Common Stock	5,000	$0	20,250	D
Non-Qualified Stock Option (Right to Buy)	$98.34	03/04/2026		M			5,000	05/09/2023(19)	05/09/2032(19)	Woodward, Inc. Common Stock	5,000	$0	15,250	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 $377.71 to $378.02 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 $378.94 to $379.92 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 $379.94 to $380.21 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 $381.21 to $381.60 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.

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 $382.68 to $383.67 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 $383.83 to $384.67 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 $384.90 to $385.48 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 $386.86 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.

10. 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 $390.17 to $391.00 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.

11. 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 $391.33 to $392.01 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.

12. 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 $394.11 to $394.76 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.

13. 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 $381.61 to $382.46 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.

14. 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 $382.62 to $383.30 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.

15. 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 $383.70 to $384.66 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.

16. 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 $385.56 to $386.00 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.

17. 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 $386.91 to $387.49 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.

18. 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.

19. Options, which expire May 9, 2032, became exercisable as to 25% of the shares on May 9, 2023 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.
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FAQ

What insider transactions did Woodward (WWD) CEO Charles Blankenship report?

He reported exercising 10,000 non-qualified stock options at $98.34 per share, then selling 10,000 Woodward common shares in multiple open-market trades at prices between $377.84 and $394.55 per share over March 3–4, 2026.

How many Woodward (WWD) shares does the CEO hold after these Form 4 transactions?

After the reported trades, Charles Blankenship held 65,829 Woodward common shares directly. In addition, 407 shares were held indirectly through the Woodward Retirement Savings Plan, based on a calculation as of March 3, 2026, according to the footnote disclosure.

Were Woodward (WWD) CEO Charles Blankenship’s stock sales pre-planned under Rule 10b5-1?

Yes. The filing states the sale reported by the CEO was effected under a Rule 10b5-1 trading plan adopted on December 2, 2025. Such plans allow pre-scheduled trades, providing a structured framework for insider transactions over time.

What prices did the Woodward (WWD) CEO receive for the shares sold?

The CEO’s reported open-market sales occurred at prices generally in the high $370s to high $390s per share, including specific transactions at $377.84, $382.06, $387.97, $390.29, and up to $394.55 per share as listed in the transaction details.

What type of derivative securities did the Woodward (WWD) CEO exercise?

He exercised non-qualified stock options, described as a right to buy Woodward common stock. Footnotes state these options expire on May 9, 2032, and became exercisable as to 25% of the shares on May 9, 2023, and 25% on each one-year anniversary thereafter.

What does the Woodward (WWD) Form 4 say about indirect holdings in the retirement plan?

The Form 4 notes 407 shares are held indirectly for the CEO by the Woodward Retirement Savings Plan. A footnote explains this information is based on a calculation as of March 3, 2026, reflecting his plan-related beneficial interest at that time.