Farkas K Christopher 4

What Happened

K. Christopher Farkas, Executive Vice President and Chief Financial Officer of Curtiss‑Wright (CW), received 5,770 shares as a performance‑share award that vested on Feb 3, 2026 (valued at $674.32 per share, ~$3,890,826 total). He subsequently sold 2,665 of the vested shares in open‑market transactions on Feb 4, 2026 at an average price of $626.33 per share (proceeds ~$1,669,169). The award (an acquisition) is effectively a grant/vesting; the sale was to cover obligations and is generally routine.

Key Details

• Transactions: Award (A) on 2026-02-03 — 5,770 shares @ $674.32 (value $3,890,826); Sale (S) on 2026-02-04 — 2,665 shares @ average $626.33 (proceeds $1,669,169).
• Sale price range: $609.29 to $660.49 across multiple trades; the average selling price reported was $626.33.
• Vesting basis: Shares were performance shares awarded under Curtiss‑Wright’s 2014 Long Term Incentive Plan tied to three‑year total shareholder return vs. peers (footnote F1). Valuation used the Feb 3, 2026 NYSE closing price (F2).
• Reason for sale: Reported as sales to cover individual income tax obligations under the company’s share ownership guidelines (F3). Reporting person will provide itemized per‑trade prices to the SEC/issuer/holders on request (F4).
• Filing: Form 4 filed Feb 5, 2026 (covers transactions on Feb 3–4, 2026). The filing appears timely (within the normal two‑business‑day reporting window).
• Shares owned after the transactions: not specified in the provided filing details.

Context

This was a performance‑share vesting (acquisition) combined with an open‑market sale to satisfy tax withholding—common for executive equity awards. The acquisition increased insider holdings by 5,770 shares before the partial sale; the sale of a portion of vested shares to cover taxes is routine and does not necessarily indicate a change in the insider’s view of the company.