Woodward EVP sells 559 shares under trading plan

Woodward, Inc. executive Karrie M. Bem, EVP, General Counsel & Corporate Secretary, reported selling a total of 559 shares of Woodward common stock in open-market transactions.

Rhea-AI Filing Summary

Woodward, Inc. executive Karrie M. Bem, EVP, General Counsel & Corporate Secretary, reported selling a total of 559 shares of Woodward common stock in open-market transactions. On May 14, 2026, she sold 280 shares at an average price of $372.66 per share, followed by 279 shares sold on May 15, 2026 at an average price of $361.44 per share.

The filing states these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on February 12, 2026, indicating they were scheduled in advance. After the transactions, Bem directly owns 4,018 Woodward shares and has an additional 78 shares held indirectly through the Woodward Retirement Savings Plan as of May 14, 2026.

Insider Trade Summary 10b5-1

Net Seller: 559 shares

Net Sell 3 txns

Insider Bem Karrie M.

Role EVP, Gen Counsel & Corp Sec

Sold 559 shs ($205K)

Type	Security	Shares	Price	Value
Sale	Woodward, Inc. Common Stock	279	$361.44	$101K
Sale	Woodward, Inc. Common Stock	280	$372.66	$104K
holding	Woodward, Inc. Common Stock	--	--	--

Holdings After Transaction: Woodward, Inc. Common Stock — 4,018 shares (Direct); Woodward, Inc. Common Stock — 78 shares (Indirect, By Woodward Retirement Savings Plan)

Footnotes (3)

1. F1. The sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on February 12, 2026.
2. F2. Total includes 3 additional shares and units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.
3. F3. 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 May 14, 2026.

Key Figures

Total shares sold: 559 shares Sale price May 14, 2026: $372.66 per share Sale price May 15, 2026: $361.44 per share +2 more

5 metrics

Total shares sold 559 shares Open-market sales reported on Form 4

Sale price May 14, 2026 $372.66 per share 280 shares sold in open-market sale

Sale price May 15, 2026 $361.44 per share 279 shares sold in open-market sale

Direct holdings after transactions 4,018 shares Direct ownership following May 15, 2026 sale

Indirect plan holdings 78 shares Held via Woodward Retirement Savings Plan as of May 14, 2026

Key Terms

Rule 10b5-1 trading plan, open-market sale, Woodward Retirement Savings Plan, dividend reinvestment

4 terms

Rule 10b5-1 trading plan financial

"The sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan..."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: open-market sale, Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Woodward Retirement Savings Plan financial

"nature_of_ownership: By Woodward Retirement Savings Plan"

dividend reinvestment financial

"units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

FAQ

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

What insider transaction did Woodward (WWD) report for Karrie M. Bem?

Woodward reported that EVP and General Counsel Karrie M. Bem sold 559 shares of common stock in open-market transactions. The sales occurred over two days and were reported on Form 4 as routine insider trading activity under a pre-arranged plan.

How many Woodward shares did Karrie M. Bem sell and at what prices?

Karrie M. Bem sold 280 Woodward shares at an average price of $372.66 on May 14, 2026, and 279 shares at $361.44 on May 15, 2026. In total, she disposed of 559 shares in open-market sales.

Were Karrie M. Bem’s Woodward share sales under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2026. Such plans pre-schedule trades, indicating the timing of these sales was set in advance rather than decided spontaneously.

How many Woodward shares does Karrie M. Bem hold after the reported sales?

Following the reported transactions, Karrie M. Bem directly owns 4,018 Woodward shares. She also has 78 shares held indirectly through the Woodward Retirement Savings Plan, with that plan balance based on a calculation as of May 14, 2026.

What role does Karrie M. Bem hold at Woodward, Inc.?

Karrie M. Bem serves as Executive Vice President, General Counsel and Corporate Secretary at Woodward, Inc. Her Form 4 filing reflects insider share sales associated with this senior leadership position, providing transparency into executive equity transactions.

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

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Accepted by SEC EDGAR 05/18/2026 - 11:53 AM Learn about SEC filing dates

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^*

Bem Karrie M.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen Counsel & Corp Sec

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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	05/14/2026		S(1)		280	D	$372.66	4,297(2)	D
Woodward, Inc. Common Stock	05/15/2026		S(1)		279	D	$361.44	4,018	D
Woodward, Inc. Common Stock								78	I	By Woodward Retirement Savings Plan(3)

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 sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on February 12, 2026.

2. Total includes 3 additional shares and units issued in connection with the dividend reinvestment provisions of the Issuer's RSU awards.

3. 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 May 14, 2026.

	Rebecca L. Dees, by Power of Attorney	05/18/2026
	** 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)