Bamford Lynn M 4
Research Summary
AI-generated summary
Curtiss-Wright (CW) CEO Lynn M. Bamford Receives Award and Sells Shares
What Happened Lynn M. Bamford, Chair, CEO and Director of Curtiss‑Wright (CW), received a performance‑share award of 20,268 shares that vested on Feb 3, 2026 (valued at $674.32/share, ~$13,667,118). He subsequently sold 9,327 of the vested shares in open‑market transactions on Feb 4, 2026 for an average price of $626.45/share (totaling ~$5,842,899). The award is an A (acquisition) transaction; the sale is an S (disposition) transaction.
Key Details
- Filing/period: Form 4 filed Feb 5, 2026; report period ended Feb 3, 2026. Filing appears timely.
- Award: 20,268 shares granted/vested under the 2014 Long Term Incentive Plan, tied to 3‑year total shareholder return vs. peers. Valuation used: NYSE close on Feb 3, 2026 ($674.32) (footnotes F1, F2).
- Sale: 9,327 shares sold to cover tax obligations per the company’s share ownership guidelines (footnote F3). Average sale price $626.45; sale prices ranged $609.25–$666.53 (footnote F4). The filer will provide a breakdown of shares sold at each price if requested.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Codes/notes: A = award/grant (vesting), S = open market sale; sale described as covering tax withholding rather than a discretionary investment sale.
Context Performance‑share vesting is a non‑cash compensation event tied to multi‑year performance and is not a buy signal. Sales to cover taxes are routine and commonly required when equity awards vest; they do not necessarily indicate a change in the insider’s view of the company. Purchases would generally be more indicative of bullish insider sentiment; this filing reflects a compensation vesting event plus tax‑related dispositions.