Woodward Insider Adds 1,078 Phantom Units via 2025 Fee Deferral
Rhea-AI Filing Summary
On July 8, 2025, Woodward, Inc. (WWD) director Mary D. Petryszyn elected to defer her 2025 board retainer under the company’s Executive Benefit Plan, receiving 110.066 phantom stock units (Form 4, transaction code “A”). The units were credited at a reference price of $249.85 and will convert to common stock on a one-for-one basis at the chosen distribution date or upon separation from the company. After the allocation, the director’s total deferred position is 1,078.47 phantom units, held directly.
The filing reflects a routine compensation deferral rather than an open-market purchase or sale, so it does not alter the company’s share count or liquidity. While modest in size relative to Woodward’s capitalization, the move slightly increases insider equity alignment by tying additional compensation to share performance.
Positive
- Increased insider alignment: Director chose to invest 2025 fees into 110.066 phantom stock units, raising total deferred holdings to 1,078.47 units.
Negative
- None.
Insights
TL;DR: Routine director fee deferral; negligible financial impact, mild alignment signal.
This Form 4 discloses that Ms. Petryszyn converted roughly $27 k of 2025 retainer fees into 110 phantom units, boosting her deferred stake to 1,078 units. No cash outlay or market transaction occurred, and the amount is immaterial (<0.001% of shares outstanding). Because phantom stock settles in common shares, the action modestly links compensation to shareholder returns, but it does not indicate an active bullish stance. Overall, the event is neutral for valuation and trading dynamics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 110.066 | $249.85 | $27K |
Footnotes (1)
- Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period. Pursuant to an election made by Ms. Petryszyn to defer her 2025 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on July 8, 2025.
