Hess David P has reported a transaction involving 520 shares of Woodward, Inc. stock, as indicated in a recent SEC filing. This transaction, which took place on October 1, 2026, is significant as it reflects ongoing trends in executive compensation practices.
Hess is a director at Woodward, Inc., a company specializing in electrical industrial apparatus. The filing shows that Hess was granted Restricted Stock Units (RSUs) that will vest fully on October 1, 2027. Upon vesting, Hess will receive one share of Woodward common stock for each RSU granted, along with additional shares related to dividend reinvestment provisions.
Background
Hess David P is a reporting owner in the context of Woodward, Inc., which is categorized under the electrical industrial apparatus sector. The company's conformed name is Woodward, Inc., and it operates under the SEC file number 001-39265. The recent filing was made on October 2, 2026, and is identified by the accession number 0001193125-26-411789.
What the Filing Says
The SEC filing details that Hess acquired 520 shares of Woodward, Inc. common stock through an award of RSUs. 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 the transaction, Hess owns a total of 18,460 shares of Woodward, Inc.
Impact
This transaction may affect shareholders and potential investors in Woodward, Inc. as it underscores the role of equity awards in executive compensation. Such incentives are critical for attracting and retaining talent in the competitive landscape of the electrical industrial apparatus sector.
What's Next
The filing does not say what happens next.