CURTISS WRIGHT CORP·4

Mar 18, 4:03 PM ET

Farkas K Christopher 4

Research Summary

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Curtiss‑Wright CFO Christopher Farkas Sells 918 Shares

What Happened
Christopher K. Farkas, Executive Vice President and Chief Financial Officer of Curtiss‑Wright Corp (CW), had 2,183 restricted stock units (RSUs) vest and convert into common shares on March 16, 2026 (acquired at $0.00). Following the vesting, he sold 918 shares in an open‑market transaction on March 17, 2026, for total proceeds of approximately $621,908 (average price reported $677.46; sale prices ranged $669.72–$681.43). The remaining shares from the vesting were retained or used to satisfy withholding as noted in the filing.

Key Details

  • Transaction dates: RSU conversion/derivative event on 2026-03-16; open‑market sale on 2026-03-17. Filing date: 2026-03-18 (timely).
  • Shares acquired via vesting/conversion: 2,183 shares at $0.00 (RSU cliff vested from grant on 2023-03-16).
  • Shares sold: 918 shares; average selling price $677.46; total proceeds ≈ $621,908. Sales occurred in multiple transactions at $669.72–$681.43.
  • Purpose/footnotes: Sale executed in compliance with company share‑ownership guidelines to cover tax obligations on the vesting award; reporting person remains in compliance. Share totals include dividend credits on prior grants.
  • Shares owned after the transactions: Not specified in the filing.

Context
This was a vesting of previously granted RSUs (a non‑cash award) that converted into common stock; a portion was sold soon after vesting to cover taxes — a routine, administrative sale rather than an open‑market purchase signaling additional insider accumulation. The filing shows a derivative exercise/conversion code (M) for the RSU vesting and a sale code (S) for the open‑market disposition.