[Form 4] Woodward, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Gregg C. Sengstack, a director of Woodward, Inc. (WWD), was granted 610 Restricted Stock Units (RSUs) on 10/01/2025. The RSUs vest 100% on 10/01/2026, and each RSU converts to one share of Woodward common stock at vesting plus additional shares for dividend reinvestment provisions. The Form 4 shows the acquisition recorded at a $0.00 price, indicating a compensatory award. After this transaction the reporting person directly beneficially owns 9,610 shares and holds an additional 23,450 shares indirectly through the Dianne Sengstack 2020 Dynasty Trust, for which he is trustee with sole voting and investment power.

Positive

• 610 RSUs granted to a director, vesting 100% on 10/01/2026, aligning compensation with long-term stock performance
• Reporting person beneficially owns 9,610 direct shares and 23,450 indirect shares via a trust, showing substantial ownership stake
• RSU award converts to one share per RSU at vesting and includes dividend reinvestment provisions

Negative

• None.

Insights

Corporate Governance Expert

Director received compensatory RSUs aligning pay with shareholder value.

The Form 4 records a compensatory grant of 610 RSUs to Gregg C. Sengstack, showing acquisition at $0.00 and vesting 100% on 10/01/2026. Such awards are standard for directors to link long-term pay to stock performance.

The filing also discloses current holdings of 9,610 direct shares and 23,450 indirect shares via a trust, and confirms the reporting person has sole voting and investment power over the trust holdings. This clarifies the director's economic interest and governance influence.

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

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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).

1. Name and Address of Reporting Person^*

SENGSTACK GREGG C

(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)
10/01/2025

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	10/01/2025		A		610(1)	A	$0.00	9,610	D
Woodward, Inc. Common Stock								23,450	I	Dianne Sengstack 2020 Dynasty Trust(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

Explanation of Responses:

1. The reporting person was granted an award of Restricted Stock Units ("RSUs"). All such RSUs will vest 100% on October 1, 2026. Upon vesting, the reporting person will receive one share of Woodward, Inc. common stock per RSU granted, as well as certain additional shares to be issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.

2. Shares held indirectly in the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.

	Rebecca L. Dees, by Power of Attorney	10/03/2025
	** 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 RSU transaction did Woodward (WWD) director Gregg Sengstack report?

He reported an acquisition of 610 RSUs on 10/01/2025 recorded at a $0.00 price.

When do the RSUs granted to Gregg Sengstack vest?

The RSUs vest 100% on 10/01/2026, at which time each RSU converts to one share plus any dividend reinvestment shares.

How many Woodward shares does Gregg Sengstack beneficially own after the transaction?

The Form 4 reports 9,610 shares beneficially owned directly and 23,450 shares held indirectly through a trust.

What does the $0.00 price on the Form 4 indicate?

The $0.00 price shown for the RSUs reflects a compensatory grant rather than a market purchase.

Who controls the trust holding 23,450 shares?

The shares are held in the Dianne Sengstack 2020 Dynasty Trust, for which Gregg Sengstack is trustee with sole voting and investment power.