Bem Karrie M. 4

What Happened Karrie M. Bem, Executive Vice President, General Counsel & Corporate Secretary of Woodward, sold a total of 559 shares of Woodward (WWD) stock in two open-market transactions: 280 shares on 2026-05-14 at $372.66 each (≈ $104,345) and 279 shares on 2026-05-15 at $361.44 each (≈ $100,842). Combined proceeds were about $205,187. These were sales (not purchases) and are often routine dispositions rather than a firm signal of management sentiment.

Key Details

• Transaction dates and prices:
  • 2026-05-14: Sold 280 shares at $372.66 (≈ $104,345)
  • 2026-05-15: Sold 279 shares at $361.44 (≈ $100,842)
• Total shares sold: 559; total proceeds: ~ $205,187.
• Holding info: The filing notes retirement-plan holdings were calculated as of May 14, 2026 (see footnote F3). The excerpt provided does not list a final "shares owned after transaction" total.
• Notable footnotes:
  • F1: Sales were effected under a Rule 10b5-1 trading plan adopted February 12, 2026 (pre‑arranged plan).
  • F2: Reported totals include 3 additional shares/units from dividend reinvestment tied to RSU awards.
• Timeliness: Form 4 was filed on 2026-05-18 and appears to have been filed within the SEC’s reporting window (timely).

Context Sales executed under a Rule 10b5-1 plan are pre-established trading arrangements and are common for executives managing diversification or liquidity needs; they do not necessarily reflect a change in view about the company. For retail investors, purchases by insiders tend to be more informative than routine, pre-planned sales.