Woodward, Inc. — Director's Dealing 2021

Jan 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2021-01-19

Reporting Person: Ross Roger Alan (President, Aero Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-19	Woodward, Inc. Common Stock	A	4839	$0.00	Acquired	4839	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-19	Non-Qualified Stock Option (Right to Buy)	$123.98	A	23100	Acquired	2031-01-19	Woodward, Inc. Common Stock (23100)	Direct

Footnotes

F1: The reporting person was granted an award of Restricted Stock Units ("RSUs"). All such RSUs will vest 100% on January 19, 2024. Upon vesting, the reporting person will receive one share of Woodward, Inc. common stock per RSU granted.

F2: Options, which expire January 19, 2031 become exercisable as to 25% of the shares on January 19, 2022 and each one-year anniversary thereafter.