Woodward, Inc. (WWD) officer reports 5,000-share sale and option exercise

Rhea-AI Filing Summary

Woodward, Inc. reported that an officer serving as EVP and COO exercised 5,000 non-derivative stock options for Woodward common stock on 12/03/2025 at a price of $117.64 per share, then sold 5,000 shares the same day at $298.49 per share under a Rule 10b5-1 trading plan adopted on July 30, 2025.

After these transactions, the officer directly owned 15,135 Woodward common shares and held 490 shares indirectly through the Woodward Retirement Savings Plan, based on a calculation as of November 28, 2025. The officer also beneficially owned 14,700 non-qualified stock options with an exercise price of $117.64 that are fully vested and exercisable and expire on 10/01/2031.

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).

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)
12/03/2025

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	12/03/2025		M		5,000	A	$117.64	20,135	D
Woodward, Inc. Common Stock	12/03/2025		S(1)		5,000	D	$298.49	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)	$117.64	12/03/2025		M			5,000	10/01/2022(3)	10/01/2031(3)	Woodward, Inc. Common Stock	5,000	$0	14,700	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 are fully vested and exercisable.

	Rebecca L. Dees, by Power of Attorney	12/05/2025
	** 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) disclose in this Form 4?

The filing shows that an officer serving as EVP and COO exercised 5,000 non-qualified stock options for Woodward common stock at $117.64 per share on 12/03/2025 and sold 5,000 shares that same day at $298.49 per share.

How many Woodward (WWD) shares did the officer sell on 12/03/2025?

On 12/03/2025, the officer sold 5,000 shares of Woodward, Inc. common stock at a price of $298.49 per share, reported with transaction code S.

What options did the Woodward (WWD) officer exercise in this report?

The officer exercised 5,000 non-qualified stock options (right to buy) with an exercise price of $117.64 per share. These options became exercisable on 10/01/2022 and have an expiration date of 10/01/2031, and they are reported as fully vested and exercisable.

How many Woodward (WWD) shares and options does the officer own after the transactions?

Following the reported transactions, the officer directly owned 15,135 shares of Woodward common stock, plus 490 shares held indirectly through the Woodward Retirement Savings Plan based on a calculation as of November 28, 2025, and also held 14,700 non-qualified stock options with a $117.64 exercise price.

Was the Woodward (WWD) share sale made under a Rule 10b5-1 trading plan?

Yes. The filing states that the sale of 5,000 shares reported by the officer was effected pursuant to a Rule 10b5-1 trading plan that was adopted on July 30, 2025.

What is disclosed about the Woodward Retirement Savings Plan holdings for this officer?

The report indicates that the officer held 490 Woodward common shares indirectly by the Woodward Retirement Savings Plan, and notes that this figure is based on a calculation as of November 28, 2025.