Gregg C. Sengstack, a director at Woodward, Inc., recently reported acquiring 520 shares of the company's common stock. This transaction, filed on October 2, 2026, is significant as it reflects Sengstack's ongoing commitment to Woodward, a key player in the electrical industrial apparatus sector.
Background
Woodward, Inc. is categorized under the Standard Industrial Classification for Electrical Industrial Apparatus. The company is incorporated in Delaware and has its fiscal year ending on September 30. It operates from Fort Collins, Colorado, and is known for its manufacturing capabilities in the industry.
What the Filing Says
According to the SEC filing (accession number 0001193125-26-411817), Sengstack's transaction took place on October 1, 2026. The filing states, "The reporting person was granted an award of Restricted Stock Units (RSUs). All such RSUs will vest 100% on October 1, 2027." Following this transaction, Sengstack now owns a total of 10,132 shares directly.
Impact
This acquisition may affect shareholder confidence in Woodward, Inc. as it demonstrates Sengstack's belief in the company's prospects. As a director, Sengstack's actions are closely watched by investors and can influence market perceptions of the company's stability and growth potential.
What's Next
The filing does not say what happens next.
Additional Holdings
In addition to the 10,132 shares directly owned by Sengstack following this transaction, the filing reveals that he also holds shares indirectly through the Dianne Sengstack 2020 Dynasty Trust. This trust has a total of 23,450 shares of Woodward, Inc. common stock, over which Sengstack has sole voting and investment power as the trustee.
Transaction Details
The transaction was coded as 'A' for acquisition, indicating that the shares were acquired rather than disposed of. Notably, the shares were reported at a transaction price of $0.00, which suggests that this acquisition was part of the RSU grant rather than a market purchase.
Future Vesting
As mentioned in the filing, the Restricted Stock Units (RSUs) granted to Sengstack will vest fully on October 1, 2027. Upon vesting, he will receive one share of Woodward, Inc. common stock for each RSU, along with additional shares related to the dividend reinvestment provisions of the RSU awards.
Filing Specifics
This Form 4 filing was submitted under the SEC Act of 1934 and is part of the regulatory requirements for directors and officers to report their transactions in company securities. The filing was accepted on October 2, 2026, and reflects Sengstack's commitment to transparency in his ownership and transactions related to Woodward, Inc.