Woodward CEO has 3,497 unvested shares issuable

Available on EDGAR 11/13/2026 - 07:21 PM EST Accepted by SEC EDGAR 11/13/2026 - 07:20 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Woodward, Inc. (WWD) reported 3,497 shares issuable to Chairman of the Board and CEO Charles P. Blankenship on November 10, 2026, under FY26-28 ROIC performance restricted stock units: 3,488 tied to fiscal 2026 performance and 9 accrued dividend equivalents. The shares remain unvested, subject to final performance certification, the award agreement and the 2017 Omnibus Incentive Plan. Fiscal 2026’s performance factor was certified at 200%, the maximum; it is one of three equally weighted annual factors to be averaged after fiscal 2028. Blankenship held 68,294 shares directly after the entry and 408 shares through the Woodward Retirement Savings Plan, based on a calculation as of November 12, 2026.

Insider Trade Summary

Grant/Award: 3,497 shares

Grant/Award 1 txn

Insider Blankenship Charles P

Role Chairman of the Board and CEO

Type	Security	Shares	Price	Value
Grant/Award	Woodward, Inc. Common Stock F1	3,497	$0.00	$0.00
Holding	Woodward, Inc. Common Stock F2	--	--	--

Holdings After Transaction: Woodward, Inc. Common Stock — 68,294 shares (Direct); Woodward, Inc. Common Stock — 408 shares (Indirect, By Woodward Retirement Savings Plan)

Holdings Before and After: Woodward, Inc. Common Stock, 64,797 to 68,294 shares (Direct)

Footnotes (2)

1. F1. Represents shares of common stock issuable upon vesting and settlement of the reporting person's return on invested capital ("ROIC") performance restricted stock units granted on November 26, 2025 for the fiscal years 2026 through 2028 performance period (the "FY26-28 ROIC PSUs"), consisting of 3,488 shares attributable to fiscal year 2026 performance and 9 shares attributable to accrued dividend equivalents. On November 10, 2026, the Human Capital & Compensation Committee certified the fiscal year 2026 ROIC performance factor at 200%, the maximum level. This factor is one of three equally weighted annual factors that will be averaged after fiscal year 2028 to determine the number of shares that will vest under the FY26-28 ROIC PSUs. The reported shares remain unvested and subject to final performance certification, the terms of the applicable award agreement, and the Company's 2017 Omnibus Incentive Plan.
2. F2. 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 12, 2026.

Key Figures

Shares issuable under FY26-28 ROIC PSUs: 3,497 shares Shares attributable to fiscal 2026 performance: 3,488 shares Accrued dividend equivalents: 9 shares +3 more

6 metrics

Shares issuable under FY26-28 ROIC PSUs 3,497 shares Reported November 10, 2026; shares remain unvested and subject to final performance certification.

Shares attributable to fiscal 2026 performance 3,488 shares Component of the reported 3,497 shares issuable under the FY26-28 ROIC PSUs.

Accrued dividend equivalents 9 shares Component of the reported 3,497 shares issuable under the FY26-28 ROIC PSUs.

Fiscal 2026 ROIC performance factor 200% Certified at the maximum level; one of three equally weighted annual factors to be averaged after fiscal 2028.

Direct shares held after the reported entry 68,294 shares Charles P. Blankenship’s reported direct holdings.

Shares held through Woodward Retirement Savings Plan 408 shares Based on a calculation as of November 12, 2026.

Key Terms

return on invested capital (ROIC), performance restricted stock units, accrued dividend equivalents, final performance certification, +1 more

5 terms

return on invested capital (ROIC) financial

"return on invested capital ("ROIC") performance restricted stock units"

Return on invested capital (ROIC) measures how much profit a company generates from the money put into its business, including debt and equity. Think of it like the harvest you get from seeds you planted: higher ROIC means the company uses its resources more efficiently to grow earnings. Investors care because ROIC shows whether a business is creating value above its cost of financing and helps compare operational effectiveness across companies.

performance restricted stock units financial

"FY26-28 ROIC performance restricted stock units"

Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.

accrued dividend equivalents financial

"9 shares attributable to accrued dividend equivalents"

final performance certification financial

"subject to final performance certification"

2017 Omnibus Incentive Plan financial

"the Company's 2017 Omnibus Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Woodward (WWD) shares were reported for CEO Charles P. Blankenship?

Charles P. Blankenship had 3,497 shares issuable under FY26-28 ROIC performance restricted stock units reported on November 10, 2026. That total comprises 3,488 shares attributable to fiscal 2026 performance and 9 accrued dividend equivalents. The shares remain unvested and subject to final performance certification.

What was Woodward’s fiscal 2026 ROIC performance factor for Blankenship’s PSUs?

Woodward certified the fiscal 2026 ROIC performance factor at 200%, the maximum level. It is one of three equally weighted annual factors that will be averaged after fiscal 2028 to determine the number of shares that will vest under the FY26-28 ROIC PSUs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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).

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 COLORADO 80524

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	11/10/2026		A		3,497(1)	A	$0	68,294	D
Woodward, Inc. Common Stock								408	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

Explanation of Responses:

1. Represents shares of common stock issuable upon vesting and settlement of the reporting person's return on invested capital ("ROIC") performance restricted stock units granted on November 26, 2025 for the fiscal years 2026 through 2028 performance period (the "FY26-28 ROIC PSUs"), consisting of 3,488 shares attributable to fiscal year 2026 performance and 9 shares attributable to accrued dividend equivalents. On November 10, 2026, the Human Capital & Compensation Committee certified the fiscal year 2026 ROIC performance factor at 200%, the maximum level. This factor is one of three equally weighted annual factors that will be averaged after fiscal year 2028 to determine the number of shares that will vest under the FY26-28 ROIC PSUs. The reported shares remain unvested and subject to final performance certification, the terms of the applicable award agreement, and the Company's 2017 Omnibus Incentive Plan.

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 12, 2026.

	Rebecca L. Dees, by Power of Attorney	11/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)