Bem Karrie M. 4

What Happened Karrie M. Bem, Executive Vice President, General Counsel & Corporate Secretary of Woodward, Inc. (WWD), sold 185 shares in an open-market/private sale on May 20, 2026. The shares were sold at $355.00 per share for a total transaction value of $65,675. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted February 12, 2026.

Key Details

• Transaction date and price: 2026-05-20, 185 shares at $355.00 each.
• Total proceeds: $65,675.
• Transaction type/code: Sale (S) — open market or private sale.
• Shares owned after transaction: Not specified in this Form 4 filing (report includes a note about holdings in the Woodward Retirement Savings Plan based on a May 14, 2026 calculation).
• Footnotes: F1 — sale was executed under a Rule 10b5-1 trading plan adopted Feb 12, 2026. F2 — retirement-plan share count based on calculation as of May 14, 2026.
• Filing timeliness: Report filed 2026-05-22 for a 2026-05-20 transaction (filed within the typical two-business-day Form 4 window).

Context Sales made under a Rule 10b5-1 plan are pre-arranged and often routine; they do not by themselves indicate a change in the insider’s view of the company. For retail investors, purchases tend to be more informative than routine plan-based sales, but tracking insider activity over time can still be useful.