A Form 4 filed with the U.S. Securities and Exchange Commission on August 3, 2026, disclosed that Shawn M. McLevige, Executive Vice President and President of Aerospace at Woodward, Inc. ( Nasdaq : WWD), exercised stock Options and sold shares on July 31, 2026, pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Option exercise: McLevige exercised 2,150 Non-Qualified Stock Options at a conversion price of $81.03 per share on July 31, 2026.
  • Shares sold: 2,150 shares of Woodward common stock were sold at $356.82 per share on the same date.
  • Trading plan: The sale was made pursuant to a Rule 10b5-1 trading plan adopted on December 2, 2025.
  • Remaining direct ownership: Following the transactions, McLevige directly holds 3,098 shares of Woodward common stock.
  • Indirect holdings: McLevige also holds 893 shares indirectly through the Woodward Retirement Savings Plan, calculated as of July 31, 2026.
  • Remaining options: 2,150 Non-Qualified Stock Options remain beneficially owned, expiring October 1, 2030.

McLevige Option Exercise and Planned Share Sale at Woodward, Inc.

According to the filing, Shawn M. McLevige, who serves as EVP and President, Aerospace at Woodward, Inc. (NASDAQ: WWD), executed two transactions on July 31, 2026. First, McLevige exercised 2,150 Non-Qualified Stock Options under transaction code "M," acquiring 2,150 shares of Woodward common stock at the exercise price of $81.03 per share. The filing notes that prior to these transactions, direct holdings totaled 5,248 shares, which included 3 additional shares and units issued in connection with the Dividend reinvestment provisions of the issuer's RSU awards.

Following the option exercise, McLevige disposed of 2,150 shares under transaction code "S" at a price of $356.82 per share. The filing states that "the sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on December 2, 2025." After both transactions, McLevige's direct beneficial ownership stands at 3,098 shares. An additional 893 shares are held indirectly through the Woodward Retirement Savings Plan, based on a calculation as of July 31, 2026.

The filing also discloses that 2,150 Non-Qualified Stock Options remain outstanding, with a conversion price of $81.03 and an expiration date of October 1, 2030. According to the filing, these options "became exercisable as to 25% of the shares on October 1, 2021 and 25% each one-year anniversary thereafter." The Form 4 was signed by Rebecca L. Dees, by Power of Attorney , on August 3, 2026, and the filing indicates the transaction was made pursuant to a contract or written plan satisfying Rule 10b5-1(c) conditions.

What Was Disclosed

The filing reported a same-day option exercise and share sale by Woodward's EVP and President, Aerospace on July 31, 2026, conducted under a pre-adopted Rule 10b5-1 plan, with resulting direct ownership of 3,098 shares and 893 shares held indirectly through a retirement plan.