Ronald M. Sega - Jan 18, 2022 Form 4 Insider Report for Woodward, Inc. (WWD)

Role
Director
Signature
Rebecca L. Dees, by Power of Attorney
Stock symbol
WWD
Transactions as of
Jan 18, 2022
Transactions value $
$0
Form type
4
Date filed
1/20/2022, 10:44 AM
Previous filing
Oct 5, 2021
Next filing
Oct 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WWD Woodward, Inc. Common Stock Options Exercise +1.15K +9.25% 13.6K Jan 18, 2022 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WWD Phantom Stock Options Exercise $0 -1.15K -29.9% $0.00 2.7K Jan 18, 2022 Woodward, Inc. Common Stock 1.15K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person participates in the Woodward Executive Benefit Plan (Plan). Pursuant to an election made under the Plan, each phantom stock unit (PSU) distributed under the Plan on 1/18/2022 entitled the reporting person to receive one share of Woodward, Inc. (Company) common stock. The reporting person received a distribution of 1,152 shares of Company common stock. PSUs are accrued under the Plan and are to be settled in 100% stock on a 1-for-1 basis at the distribution date specified at the time of election. Each PSU is the economic equivalent of one share of Company common stock. The total shown represents the dollar amount of deferrals divided by the current share price and, therefore, the number of shares reported may fluctuate from period to period. The total shown also includes PSUs acquired in connection with dividend re-investments and other acquisitions made under the Plan.
F2 The acquisition of shares represents a predetermined automatic distribution from the Plan based on the terms of the Plan and does not represent an open-market purchase by the reporting person.
F3 Total reflects 176 shares acquired upon reinvestment of dividends since the date of the reporting person's last Form 4 with Table I reporting.
F4 Phantom Stock Units disposed of incident to the settlement of a distribution from the Plan in accordance with Rule 16b-3.