Woodward (WWD) director discloses option exercise and 7,000-share sale by insider

Rhea-AI Filing Summary

Woodward, Inc. director reported exercising stock options and selling shares of the company’s common stock. On December 4, 2025, the director exercised 7,000 non-qualified stock options at an exercise price of $62.57 per share, receiving 7,000 shares.

That same day, the director sold 6,056 shares at a weighted average price of $300.69 per share and 944 shares at a weighted average price of $301.19 per share in open-market transactions, totaling 7,000 shares sold. After these trades, the director beneficially owns 9,610 shares directly and 23,450 shares indirectly through the Dianne Sengstack 2020 Dynasty Trust, over which the director has sole voting and investment power. Following the exercise, no options remain from this grant, which was exercisable beginning October 3, 2017 and expiring October 3, 2026.

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

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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).

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^*

SENGSTACK GREGG C

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025

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	12/04/2025		M		7,000	A	$62.57	16,610	D
Woodward, Inc. Common Stock	12/04/2025		S		6,056	D	$300.69(1)	10,554	D
Woodward, Inc. Common Stock	12/04/2025		S		944	D	$301.19(2)	9,610	D
Woodward, Inc. Common Stock								23,450	I	Dianne Sengstack 2020 Dynasty Trust(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
Non-QualifiedStock Option (Right to Buy)	$62.57	12/04/2025		M			7,000	10/03/2017(4)	10/03/2026(4)	Woodward, Inc. Common Stock	7,000	$0.0	0	D

Explanation of Responses:

1. 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 $300.095 to $301.08 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.

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 $301.10 to $301.27 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. Shares held indirectly in the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.

4. Options are fully vested and exercisable.

	Rebecca L. Dees, by Power of Attorney	12/05/2025
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did a Woodward (WWD) director report?

A Woodward director reported exercising 7,000 non-qualified stock options on December 4, 2025 and selling a total of 7,000 shares of Woodward, Inc. common stock in open-market transactions.

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

The director sold 6,056 shares at a weighted average price of $300.69 per share and 944 shares at a weighted average price of $301.19 per share, all on December 4, 2025.

What stock options did the Woodward (WWD) director exercise?

The director exercised 7,000 non-qualified stock options (right to buy) with an exercise price of $62.57 per share. These options were fully vested, were first exercisable on October 3, 2017, and were scheduled to expire on October 3, 2026. After the transaction, 0 options from this grant remained.

How many Woodward (WWD) shares does the director own after these transactions?

After the reported transactions, the director beneficially owns 9,610 shares directly of Woodward, Inc. common stock and 23,450 shares indirectly through the Dianne Sengstack 2020 Dynasty Trust.

What is the Dianne Sengstack 2020 Dynasty Trust’s interest in Woodward (WWD)?

The Dianne Sengstack 2020 Dynasty Trust holds 23,450 shares of Woodward, Inc. common stock. The reporting person is the trustee of this trust and has sole voting and investment power over these shares.

Were the Woodward (WWD) share sales executed in multiple trades?

Yes. The director’s sale orders were executed through a broker-dealer as multiple same-day, same-way open-market sales. One group of trades had prices ranging from $300.095 to $301.08 per share and was reported using a weighted average price of $300.69. Another group ranged from $301.10 to $301.27 per share and was reported using a weighted average price of $301.19.