Charles P. Blankenship - 09 May 2022 Form 4 Insider Report for Woodward, Inc. (WWD)

Role: CEO and President, Director
Signature: Rebecca L. Dees, by Power of Attorney
Issuer symbol: WWD
Transactions as of: 09 May 2022
Transactions value $: $49,050
Form type: 4
Filing time: 11 May 2022, 15:24:51 UTC
Next filing: 23 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WWD	Woodward, Inc. Common Stock	Purchase	$49.1K	+500	+83.33%	$98.10	1.1K	09 May 2022	Direct
transaction	WWD	Woodward, Inc. Common Stock	Award	$0	+34.6K	+3145.45%	$0.00	35.7K	09 May 2022	Direct	F1

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	Non-Qualified Stock Option (Right to Buy)	Award	$0	+50.5K		$0.00	50.5K	09 May 2022	Woodward, Inc. Common Stock	50.5K	$98.34	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person was granted an award of Restricted Stock Units ("RSUs"). All such RSUs will vest 100% on May 9, 2025. Upon vesting, the reporting person will receive one share of Woodward, Inc. common stock per RSU granted.
F2	Options, which expire May 9, 2032, become exercisable as to 25% of the shares on May 9, 2023 and each one-year anniversary thereafter.