CURTISS WRIGHT CORP·4

Mar 18, 4:06 PM ET

Watts John C 4

Research Summary

AI-generated summary

Updated

Curtiss‑Wright (CW) EVP John C. Watts Sells 220 Shares

What Happened

  • John C. Watts, EVP & Chief Growth Officer of Curtiss‑Wright (CW), had 512 restricted stock units (RSUs) vest and convert into common shares on March 16, 2026 (acquired at $0 as part of an employee RSU award). Following the vesting, the filing shows a disposition related to the derivative/withholding and an open‑market sale of 220 shares on March 17, 2026, generating approximately $149,184 (average price $678.11).

Key Details

  • Transaction dates: RSU conversion/derivative activity on 2026-03-16; open‑market sale on 2026-03-17. Filing date: 2026-03-18 (appears timely).
  • Sale proceeds: ~ $149,184; average sale price $678.11; individual sale prices ranged $671.53–$681.02.
  • RSU conversion: 512 shares converted from RSUs (cliff vest from a March 16, 2023 grant).
  • Withholding/disposition: filing shows 512 shares disposed as derivative consideration (reported at $0), consistent with shares being surrendered/withheld for tax or administrative purposes.
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Footnotes: RSUs granted under the 2014 Omnibus Incentive Plan; no issue price for RSUs; sale(s) done to cover tax obligations per company guidelines; reported sale prices are averages and were executed in multiple transactions; totals include dividend credits earned on prior grants.

Context

  • These entries reflect RSU vesting and routine post‑vesting actions (conversion of RSUs and selling a portion to cover tax obligations), not an independent open‑market purchase signal. When insiders sell vested award shares to meet tax liabilities, it is typically administrative rather than an indicator of a change in sentiment.