Moraco Anthony J 4
Research Summary
AI-generated summary
Curtiss‑Wright Director Anthony J. Moraco Receives 256‑Share Award
What Happened
Anthony J. Moraco, a non‑employee director of Curtiss‑Wright Corp. (CW), received a grant of 256 restricted shares on February 4, 2026. The shares are valued at $624.93 each (total ~$159,982) and were issued under the Company's 2024 Omnibus Incentive Plan as the annual director award. This is an award/grant (code A) — a routine form of director compensation, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-04; filing date (Form 4): 2026-02-06.
- Price used: $624.93 per share (closing price on Feb 4, 2026); total value ≈ $159,982.
- Shares granted: 256 (number calculated by dividing the $160,000 award amount by the Feb 4 closing price and rounding down).
- Shares owned after the transaction: Not stated in the filing.
- Vesting/restrictions: Shares are restricted; restrictions lapse on the shorter of (a) one year from grant or (b) when service as a non‑employee director ends for specified reasons (death, disability, or failure to be reelected). (See footnotes F1–F3.)
- Filing timeliness: Filed two days after the grant date — a routine, timely Form 4 filing.
Context
Restricted stock awards to non‑employee directors are common compensation and reflect standard board pay practices rather than a direct bullish or bearish signal. For retail investors, purchases by insiders can be more informative about confidence in the stock; grants are primarily compensation and should be interpreted accordingly.