Director at Woodward (WWD) exercises options and sells 14,700 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Woodward, Inc. director Daniel G. Korte executed an exercise-and-sell transaction in company stock. On 2026-06-04, he exercised non-qualified stock options for a total of 14,700 shares of Woodward common stock at strike prices of $70.39, $78.97 and $79.81 per share. He then sold 14,700 shares in multiple open-market transactions at weighted-average prices between $354.06 and $357.21 per share, according to broker-handled orders detailed in the footnotes. Following these transactions, Korte directly holds 4,434 shares of Woodward common stock.

Insider Trade Summary

Net Seller: 14,700 shares ($5,233,910)

Net Sell 10 txns

Insider Korte Daniel G.

Role null

Sold 14,700 shs ($5.23M)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (Right to Buy)	3,500	$0.00	--
Exercise	Non-Qualified Stock Option (Right to Buy)	6,000	$0.00	--
Exercise	Non-Qualified Stock Option (Right to Buy)	5,200	$0.00	--
Exercise	Woodward, Inc. Common Stock	3,500	$70.39	$246K
Exercise	Woodward, Inc. Common Stock	6,000	$78.97	$474K
Exercise	Woodward, Inc. Common Stock	5,200	$79.81	$415K
Sale	Woodward, Inc. Common Stock	3,086	$354.77	$1.09M
Sale	Woodward, Inc. Common Stock	3,662	$355.56	$1.30M
Sale	Woodward, Inc. Common Stock	5,419	$356.61	$1.93M
Sale	Woodward, Inc. Common Stock	2,533	$357.11	$905K

Holdings After Transaction: Non-Qualified Stock Option (Right to Buy) — 0 shares (Direct, null); Woodward, Inc. Common Stock — 7,934 shares (Direct, null)

Footnotes (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 $354.06 to $355.05 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. 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 $355.07 to $356.06 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. 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 $356.09 to $357.06 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. 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 $357.10 to $357.21 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. Options are fully vested and exercisable.

Key Figures

Shares sold: 14,700 shares Sale price range: $354.06–$357.21 per share Options exercised: 14,700 shares +2 more

5 metrics

Shares sold 14,700 shares Open-market sales of Woodward common stock on 2026-06-04

Sale price range $354.06–$357.21 per share Reported trade price ranges for same-day open-market sales

Options exercised 14,700 shares Non-qualified stock options converted to common stock on 2026-06-04

Option strike prices $70.39, $78.97, $79.81 per share Exercise prices for non-qualified stock options

Shares held after transactions 4,434 shares Direct ownership of Woodward common stock after 2026-06-04

Key Terms

Non-Qualified Stock Option (Right to Buy), open market sales, weighted average price, broker-dealer, +1 more

5 terms

Non-Qualified Stock Option (Right to Buy) financial

"security_title: "Non-Qualified Stock Option (Right to Buy)""

open market sales financial

"multiple same day, same way open market sales, with prices ranging"

weighted average price financial

"reported these sales on an aggregate basis using the weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

broker-dealer financial

"executed a trade order through a broker-dealer which resulted in multiple"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

fully vested and exercisable financial

"Options are fully vested and exercisable."

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Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 02:18 PM

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^*

Korte Daniel G.

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Woodward, Inc. Common Stock	06/04/2026		M		3,500	A	$70.39	7,934	D
Woodward, Inc. Common Stock	06/04/2026		M		6,000	A	$78.97	13,934	D
Woodward, Inc. Common Stock	06/04/2026		M		5,200	A	$79.81	19,134	D
Woodward, Inc. Common Stock	06/04/2026		S		3,086	D	$354.77⁽¹⁾	16,048	D
Woodward, Inc. Common Stock	06/04/2026		S		3,662	D	$355.56⁽²⁾	12,386	D
Woodward, Inc. Common Stock	06/04/2026		S		5,419	D	$356.61⁽³⁾	6,967	D
Woodward, Inc. Common Stock	06/04/2026		S		2,533	D	$357.11⁽⁴⁾	4,434	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (Right to Buy)	$70.39	06/04/2026		M			3,500	02/15/2018⁽⁵⁾	02/15/2027⁽⁵⁾	Woodward, Inc. Common Stock	3,500	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$78.97	06/04/2026		M			6,000	10/02/2018⁽⁵⁾	10/02/2027⁽⁵⁾	Woodward, Inc. Common Stock	6,000	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$79.81	06/04/2026		M			5,200	10/01/2019⁽⁵⁾	10/01/2028⁽⁵⁾	Woodward, Inc. Common Stock	5,200	$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 $354.06 to $355.05 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 $355.07 to $356.06 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 $356.09 to $357.06 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 $357.10 to $357.21 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. Options are fully vested and exercisable.

	Rebecca L. Dees, by Power of Attorney	06/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Woodward (WWD) director Daniel G. Korte report in this Form 4?

Daniel G. Korte reported exercising non-qualified stock options for 14,700 Woodward shares and selling 14,700 common shares in open-market trades on 2026-06-04. After these transactions, he directly holds 4,434 shares of Woodward, Inc. common stock.

How many Woodward (WWD) shares did Daniel G. Korte sell and at what prices?

Daniel G. Korte sold 14,700 Woodward common shares in multiple open-market transactions. The broker-handled sales occurred at weighted-average prices, with per-share trade ranges between $354.06 and $357.21, as described in the accompanying footnotes to the Form 4 filing.

What stock options did Daniel G. Korte exercise in Woodward (WWD)?

Korte exercised non-qualified stock options covering 14,700 Woodward common shares. The underlying option grants carried exercise prices of $70.39, $78.97 and $79.81 per share, and were reported as fully vested and exercisable at the time of the 2026-06-04 transaction.

How many Woodward (WWD) shares does Daniel G. Korte own after this Form 4?

After exercising options and selling 14,700 Woodward shares, Daniel G. Korte directly holds 4,434 shares of Woodward, Inc. common stock. The Form 4 reflects this post-transaction ownership figure for his direct holdings on the reported transaction date.

Were Daniel G. Korte’s Woodward (WWD) sales single trades or aggregated orders?

Korte’s Woodward share sales were executed through a broker-dealer as multiple same-day, same-way open-market trades. The Form 4 reports them using weighted-average prices, with footnotes stating he can provide full details of shares sold at each separate price upon request.