McDonald George P. 4

What Happened

• George P. McDonald, Executive Vice President and Corporate Secretary of Curtiss‑Wright (CW), had 350 restricted stock units (RSUs) cliff-vest and convert into 350 common shares on 2026-03-16 (no purchase price). He then sold 151 of those shares in open-market transactions on 2026-03-17 for an average price of $678.07, generating proceeds of about $102,389.
• Net effect: +199 shares retained after the sale (350 acquired − 151 sold).

Key Details

• Transactions:
  • 2026-03-16: RSU conversion/exercise (report code M) — 350 shares acquired at $0.00 (RSUs vested).
  • 2026-03-16: Derivative disposition (report code M) — 350 RSU units converted (reported as disposition of derivative instrument).
  • 2026-03-17: Open-market sale (report code S) — 151 shares sold; average price $678.07; total proceeds ≈ $102,389. Sales occurred in multiple trades at prices ranging $671.25–$681.02.
• Shares owned after transactions: net increase of 199 shares (350 acquired less 151 sold).
• Footnotes/highlights:
  • RSUs were granted 3/16/2023 under the 2014 Omnibus Incentive Plan and cliff-vested after three years.
  • No issue price for the RSUs (employee benefit).
  • The sale was made to cover tax obligations associated with the vesting; Reporting Person remains in compliance with share ownership guidelines.
  • Reported sale price is an average; detailed per-trade prices were in the filing.
• Filing timeliness: Report covers activity on 2026-03-16 and was filed 2026-03-18 — appears to be timely (Form 4 typically due within two business days).

Context

• These were vested RSUs converted into common shares, not a cash purchase; the subsequent sale was a routine tax-withholding sale rather than a market-timed investment purchase. Such sales to cover taxes are common and do not necessarily signal a change in insider sentiment. The transaction involved an executive officer (not a 10% owner).