Korte Daniel G. 4
4 · Woodward, Inc. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Woodward (WWD) Director Daniel Korte Exercises Options, Sells Shares
What Happened
- Daniel G. Korte, a director of Woodward, exercised a total of 14,700 stock options on June 4, 2026 and immediately sold the resulting 14,700 shares that same day.
- Exercises: 3,500 shares @ $70.39 ($246,365); 6,000 shares @ $78.97 ($473,820); 5,200 shares @ $79.81 ($415,012). Total exercise cost ≈ $1,135,197.
- Open‑market sales: 3,086 shares @ avg $354.77 ($1,094,820); 3,662 @ avg $355.56 ($1,302,061); 5,419 @ avg $356.61 ($1,932,470); 2,533 @ avg $357.11 ($904,560). Total sales proceeds ≈ $5,233,911. Net proceeds (sales minus exercise cost) ≈ $4,098,714.
- This pattern — exercising vested options and selling the shares — is a sale (routine monetization), not a new purchase.
Key Details
- Transaction date: June 4, 2026; Form 4 filed June 8, 2026 (filed four days after the trades; Form 4 is normally due within two business days).
- Exercise prices and amounts: 3,500 @ $70.39; 6,000 @ $78.97; 5,200 @ $79.81. Options are fully vested and exercisable (footnote F5).
- Sales broken into four aggregated blocks (footnotes F1–F4); each footnote notes the broker executed multiple same‑day sales at slightly different per‑share prices and the reported figure is a weighted average. Footnotes state the filer will provide per‑price details to the SEC or shareholders on request.
- Shares owned after the transactions are not specified in the provided filing.
Context
- This was an exercise of vested options followed by immediate open‑market sales of the shares (often called a cashless exercise or sell‑to‑cover strategy when proceeds are used to cover exercise cost, taxes, or to monetize gains).
- Such transactions are typically routine liquidity events for insiders and do not by themselves indicate the insider’s view on long‑term company prospects.
Insider Transaction Report
Form 4
Korte Daniel G.
Director
Transactions
- Exercise/Conversion
Woodward, Inc. Common Stock
2026-06-04$70.39/sh+3,500$246,365→ 7,934 total - Exercise/Conversion
Woodward, Inc. Common Stock
2026-06-04$78.97/sh+6,000$473,820→ 13,934 total - Exercise/Conversion
Woodward, Inc. Common Stock
2026-06-04$79.81/sh+5,200$415,012→ 19,134 total - Sale
Woodward, Inc. Common Stock
[F1]2026-06-04$354.77/sh−3,086$1,094,820→ 16,048 total - Sale
Woodward, Inc. Common Stock
[F2]2026-06-04$355.56/sh−3,662$1,302,061→ 12,386 total - Sale
Woodward, Inc. Common Stock
[F3]2026-06-04$356.61/sh−5,419$1,932,470→ 6,967 total - Sale
Woodward, Inc. Common Stock
[F4]2026-06-04$357.11/sh−2,533$904,560→ 4,434 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
[F5]2026-06-04−3,500→ 0 totalExercise: $70.39From: 2018-02-15Exp: 2027-02-15→ Woodward, Inc. Common Stock (3,500 underlying) - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
[F5]2026-06-04−6,000→ 0 totalExercise: $78.97From: 2018-10-02Exp: 2027-10-02→ Woodward, Inc. Common Stock (6,000 underlying) - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
[F5]2026-06-04−5,200→ 0 totalExercise: $79.81From: 2019-10-01Exp: 2028-10-01→ Woodward, Inc. Common Stock (5,200 underlying)
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]Options are fully vested and exercisable.
Signature
Rebecca L. Dees, by Power of Attorney|2026-06-08