Woodward (WWD) CEO exercises options, sells 7,625 shares under 10b5-1 plan

Rhea-AI Filing Summary

Woodward, Inc. Chairman and CEO Charles P. Blankenship reported option exercises and related share sales. On March 9–10, 2026, he exercised non-qualified stock options covering 7,625 shares of Woodward common stock at an exercise price of $83.24 per share.

Over the same two days, he sold 7,625 shares of common stock in multiple open-market transactions at prices ranging from about $364.13 to $387.00 per share, conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2025. Following these transactions, he holds 65,854 shares directly and 407 shares indirectly through the Woodward Retirement Savings Plan.

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)
03/09/2026

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	03/09/2026		M		5,000	A	$83.24	70,854	D
Woodward, Inc. Common Stock	03/09/2026		S(1)		360	D	$364.43(2)	70,494	D
Woodward, Inc. Common Stock	03/09/2026		S(1)		1,193	D	$365.89(3)	69,301	D
Woodward, Inc. Common Stock	03/09/2026		S(1)		1,280	D	$367.08(4)	68,021	D
Woodward, Inc. Common Stock	03/09/2026		S(1)		974	D	$368.08(5)	67,047	D
Woodward, Inc. Common Stock	03/09/2026		S(1)		465	D	$368.96(6)	66,582	D
Woodward, Inc. Common Stock	03/09/2026		S(1)		728	D	$369.98(7)	65,854	D
Woodward, Inc. Common Stock	03/10/2026		M		2,625	A	$83.24	68,479	D
Woodward, Inc. Common Stock	03/10/2026		S(1)		343	D	$380.51(8)	68,136	D
Woodward, Inc. Common Stock	03/10/2026		S(1)		290	D	$382.4(9)	67,846	D
Woodward, Inc. Common Stock	03/10/2026		S(1)		262	D	$384.25(10)	67,584	D
Woodward, Inc. Common Stock	03/10/2026		S(1)		1,550	D	$386.07(11)	66,034	D
Woodward, Inc. Common Stock	03/10/2026		S(1)		180	D	$386.75(12)	65,854	D
Woodward, Inc. Common Stock								407	I	By Woodward Retirement Savings Plan(13)

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)	$83.24	03/09/2026		M			5,000	10/03/2023(14)	10/03/2032(14)	Woodward, Inc. Common Stock	5,000	$0	59,091	D
Non-Qualified Stock Option (Right to Buy)	$83.24	03/10/2026		M			2,625	10/03/2023(14)	10/03/2032(14)	Woodward, Inc. Common Stock	2,625	$0	56,466	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 $364.13 to $364.84 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 $365.21 to $366.20 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 $366.58 to $367.49 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.

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 $367.58 to $368.57 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 $368.60 to $369.29 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 $369.86 to $370.08 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 $379.97 to $380.65 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 $382.08 to $382.57 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 $384.08 to $384.71 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 $385.42 to $386.39 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 $386.55 to $387.00 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.

13. 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.

14. Options, which expire October 3, 2032, become exercisable as to 25% of the shares on October 3, 2023 and 25% each one-year anniversary thereafter.

	Rebecca L. Dees, by Power of Attorney	03/11/2026
	** 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.
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FAQ

What did Woodward (WWD) CEO Charles Blankenship report in this Form 4?

Charles Blankenship reported exercising stock options and selling common shares. He exercised options for 7,625 shares at $83.24 each, then sold 7,625 shares in open-market trades while retaining a significant remaining ownership stake in Woodward stock.

How many Woodward (WWD) shares did the CEO sell and at what prices?

The CEO sold 7,625 Woodward common shares in multiple open-market transactions. Sale prices ranged from approximately $364.13 to $387.00 per share, based on broker-executed trade ranges disclosed and aggregated using weighted-average prices for reporting.

What stock options did the Woodward (WWD) CEO exercise in this filing?

He exercised non-qualified stock options to acquire 7,625 Woodward common shares at an exercise price of $83.24. These options expire on October 3, 2032 and became exercisable in 25% annual installments starting October 3, 2023, according to the disclosure.

Was the Woodward (WWD) CEO’s stock sale made under a Rule 10b5-1 plan?

Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted on December 2, 2025. Such plans schedule trades in advance, indicating these transactions were pre-arranged rather than timed in response to short-term market developments.

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

After completing the option exercises and stock sales, the CEO holds 65,854 Woodward common shares directly. He also has an indirect holding of 407 shares through the Woodward Retirement Savings Plan, providing a combined disclosed ownership interest in the company.

What is the CEO’s indirect ownership in Woodward (WWD) mentioned in the Form 4?

The CEO has an indirect interest in 407 Woodward common shares through the Woodward Retirement Savings Plan. The share count for this plan position is based on a calculation as of March 3, 2026, according to a specific explanatory footnote in the filing.