Summary
Curtiss-Wright Corporation (CW) announced on December 16, 2024, the adoption of a Rule 10b5-1 trading plan to facilitate share repurchases. This plan allows the company to buy back up to $100 million of its common stock, commencing on December 16, 2024, and expected to conclude by December 31, 2024. This initiative is part of the company's broader share repurchase program, which has a total available authorization of $240 million.
Key Highlights
- 1Company has adopted a Rule 10b5-1 trading plan for share repurchases.
- 2The trading plan is for $100 million of common stock repurchases.
- 3Purchases under the plan are expected to be completed by December 31, 2024.
- 4This plan is part of a larger $240 million share repurchase authorization.
- 5Following this plan, approximately $140 million in repurchase authorization will remain.
- 6The trading plan allows for repurchases during potential blackout periods.
- 7A press release dated December 16, 2024, was issued to announce this transaction.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce Curtiss-Wright Corporation's adoption of a Rule 10b5-1 trading plan, which will be used to execute a portion of its previously authorized share repurchase program.
Curtiss-Wright plans to repurchase up to $100 million of its common stock under this specific trading plan.
The trading plan will commence on December 16, 2024, and is expected to be fully utilized by December 31, 2024. Purchases will be made in accordance with Rule 10b-18 limitations on purchase volume.
No, the $100 million repurchase under this plan is part of a larger $240 million authorization. After this plan is completed, Curtiss-Wright expects to have approximately $140 million remaining under its existing share repurchase authorizations.