Hobbs Randall 4

What Happened

• Randall Hobbs, Executive Vice President and President, Industrial at Woodward, Inc., received a grant of restricted stock units (RSUs) on Feb 10, 2026 totaling 1,868 units (574 RSUs recorded and 1,294 RSU-related derivative shares). The RSUs were granted at $0.00 per share. Separately, 221 shares were withheld by the company to cover withholding taxes on previously vested RSUs; those withheld shares (disposed) were valued at $391.53 each, totaling $86,528. The withheld shares were not sold by Hobbs.

Key Details

• Transaction date: Feb 10, 2026; Form 4 filed Feb 12, 2026 (timely filing).
• Grants: 574 RSUs and 1,294 RSU-related derivative shares, each recorded at $0.00.
• Tax withholding: 221 shares withheld @ $391.53 = $86,528 (code F — withholding for tax liability; shares not sold by the insider).
• Shares owned after transaction: exact total not included in the excerpt provided; filing notes holdings in the Woodward Retirement Savings Plan are based on a calculation as of Feb 9, 2026 (see full filing for the exact post-transaction balance).
• Footnotes of note: F1 describes RSU vesting (34% on Feb 10, 2027, then 33% each anniversary thereafter, plus dividend reinvestment shares); F2 confirms withheld shares were surrendered to cover taxes; F4 notes separate option grants (expire Feb 10, 2036) vesting 25% each year starting Feb 10, 2027.

Context

• This filing reflects a compensation-related award (RSUs) rather than an open-market purchase or a voluntary sale; RSU grants are standard executive compensation and do not directly signal a buy/sell decision by the insider.
• The tax-withheld shares were not sold on the market by Hobbs (common administrative withholding). The RSUs have multi-year vesting, so vested shares will be delivered over time per the schedule in footnote F1.