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Filing Details

Accession Number:: 0001209191-22-003938
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-01-20 11:40:17
Reporting Period:: 2022-01-18

Accepted Time:: 2022-01-20 11:40:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
108312	Woodward Inc.	WWD	Electrical Industrial Apparatus (3620)	361984010

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1113706	A Thomas Gendron	1081 Woodward Way Fort Collins CO 80524	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Woodward, Inc. Common Stock	Acquisiton	2022-01-18	26,238	$0.00	46,311	No	4	M	Direct
Woodward, Inc. Common Stock	Disposition	2022-01-18	9,613	$116.62	36,698	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Woodward, Inc. Common Stock	Phantom Stock	Disposition	2022-01-18	26,238	$0.00	26,238	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
53,379	2022-01-18	2022-01-18	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Woodward, Inc. Common Stock	42,000	Indirect	The T2G Family Foundation
Woodward, Inc. Common Stock	1,906	Indirect	TEAGII, LLP
Woodward, Inc. Common Stock	94,350	Indirect	The 2020 Gendron Legacy Trust
Woodward, Inc. Common Stock	94,350	Indirect	The Gendron Descendants Trust
Woodward, Inc. Common Stock	20,868	Indirect	Woodward Retirement Savings Plan

Footnotes

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 1/18/22 entitled the reporting person to receive one share of Woodward, Inc. (Company) common stock, less shares not distributed to the reporting person to cover tax liabilities. See footnote 3. The reporting person received a net distribution of 16,625 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.
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.
Shares sold to cover the tax liability incident to the issuance of shares under the Woodward Executive Benefit Plan in accordance with Rule 16b-3.
The T2G Family Foundation is a family foundation in which the Reporting Person retains control of the shares held by the foundation.
TEAGII LLP is a limited partnership of which the reporting person is the sole general partner and of which the reporting person and his wife are the sole limited partners.
The 2020 Gendron Legacy Trust is a family trust of which the reporting person's wife is the trustee.
The Gendron Descendants Trust is a family trust of which the reporting person is the trustee.
The information in this report regarding the number of shares held by the reporting person in the Woodward Retirement Savings Plan is based on a calculation as of January 18, 2022.
Phantom Stock Units disposed of incident to the settlement of a distribution from the Plan in accordance with Rule 16b-3.