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CURTISS WRIGHT CORP·4

Feb 5, 4:23 PM ET

Ogilby Gary A 4

Research Summary

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Curtiss-Wright (CW) SVP Gary Ogilby Receives Award, Sells Shares

What Happened

  • Gary A. Ogilby, Senior Vice President & Corporate Controller of Curtiss‑Wright (CW), had 1,060 performance shares vest on Feb 3, 2026 (valued at $674.32 each; total $714,779). He subsequently disposed of all 1,060 shares in open‑market sales: 435 shares on Feb 4 at an average price of $626.56 ($272,554) and 625 shares on Feb 5 at an average price of $624.32 ($390,200), for combined proceeds of $662,754. The grant is an award (A) and the disposals are sales (S).

Key Details

  • Award: 1,060 performance shares vested on 2026-02-03; per‑share vest date value reported as $674.32 (total $714,779). (Transaction code A)
  • Sales: 2026-02-04 — 435 shares @ $626.56 (avg) = $272,554; 2026-02-05 — 625 shares @ $624.32 (avg) = $390,200. (Transaction code S)
  • Combined sales proceeds: $662,754; the sold shares equal the vested award (1,060).
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Footnotes of note:
    • F1: Award was a performance share grant under the 2014 Long Term Incentive Plan tied to 3‑year total shareholder return vs peers.
    • F2: Vesting value based on Feb 3, 2026 NYSE closing price.
    • F3: Some shares were sold to cover income tax obligations from vesting (company share‑ownership guideline).
    • F4/F6: Reported sale prices are averages; sales occurred in multiple transactions across the stated price ranges (details can be provided to the SEC/issuer on request).
    • F5: One sale was executed under a 10b5‑1 trading plan adopted Sept 11, 2025.
  • Timeliness: Form 4 was filed on 2026-02-05 and covers transactions from 2026-02-03 through 2026-02-05; filing appears timely.

Context

  • These entries reflect a performance‑based award that vested and was immediately (or promptly) sold, largely to cover tax obligations and under a pre‑existing 10b5‑1 plan. Such award vesting followed by sales for tax withholding is a common, routine insider transaction and does not by itself indicate a change in the insider’s view of the company. Purchases generally provide stronger bullish signals than routine post‑vesting sales.