Roger Alan Ross - Oct 3, 2022 Form 4 Insider Report for Woodward, Inc. (WWD)

Role: President, Aero Systems
Signature: Rebecca L. Dees, by Power of Attorney
Stock symbol: WWD
Transactions as of: Oct 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/5/2022, 04:00 PM
Previous filing: Oct 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WWD	Woodward, Inc. Common Stock	Award	$0	+1.35K	+27.9%	$0.00	6.19K	Oct 3, 2022	Direct	F1
holding	WWD	Woodward, Inc. Common Stock						127	Oct 3, 2022	By Woodward Retirement Savings Plan	F2

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	+12.3K		$0.00	12.3K	Oct 3, 2022	Woodward, Inc. Common Stock	12.3K	$83.24	Direct	F3

* 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"). RSUs vest at a rate of 25% of the award on October 3, 2023 and each one-year anniversary thereafter. Upon vesting, the reporting person will receive one share of Woodward, Inc. Common Stock per RSU granted.
F2	The information in this report regarding the number of shares held by the reporting person in the Woodward Retirement Savings Plan (the "Plan") is based on a calculation as of September 30, 2022.
F3	Options, which expire October 3, 2032, become exercisable as to 25% of the shares on October 3, 2023 and each one-year anniversary thereafter.