Woodward, Inc. — Director's Dealing 2025

Mar 26, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2025-03-24

Reporting Person: Cromwell Thomas G (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-24	Woodward, Inc. Common Stock	M	10000	—	Acquired	25477	Direct
2025-03-24	Woodward, Inc. Common Stock	S	10000	$186.49	Disposed	15477	Direct
2025-03-26	Woodward, Inc. Common Stock	M	3300	—	Acquired	18777	Direct
2025-03-26	Woodward, Inc. Common Stock	S	3300	$194.36	Disposed	15477	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-24	Non-Qualified Stock Option (Right to Buy)	$81.03	M	10000	Disposed	2030-10-01	Woodward, Inc. Common Stock (10000)	Direct
2025-03-26	Non-Qualified Stock Option (Right to Buy)	$81.03	M	10000	Disposed	2030-10-01	Woodward, Inc. Common Stock (3300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Woodward, Inc. Common Stock	489	Indirect

Footnotes

F1: The sale reported by the reporting person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on December 6, 2024.

F2: 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 March 18, 2025.

F3: Options are fully vested and exercisable.