8-KOther Events

CURTISS WRIGHT CORP 8-K Report, Corporate Update (Aug 11, 2025)

Filed August 11, 2025For Securities:CW

Summary

Curtiss-Wright Corporation (CW) announced on August 11, 2025, the adoption of a written trading plan under Rule 10b5-1, designed to facilitate the repurchase of its common stock. This new plan will involve the purchase of up to $200 million worth of shares, with repurchases expected to be completed by the end of August 2025. This initiative is part of the Company's broader share repurchase programs, which have a total available authorization of $534 million. Upon completion of this $200 million plan, Curtiss-Wright expects to retain approximately $334 million in remaining repurchase authorization. The adoption of a Rule 10b5-1 trading plan provides a structured framework for share repurchases, allowing the Company to buy back shares even during periods when internal trading restrictions might otherwise apply. This demonstrates a commitment to returning capital to shareholders and managing its capital structure efficiently. Investors should note that the specifics of the daily purchases will adhere to Rule 10b-18 volume limitations, and further details on repurchases will be disclosed in the Company's regular SEC filings.

Key Highlights

  • 1Curtiss-Wright adopted a Rule 10b5-1 trading plan on August 11, 2025.
  • 2The new plan authorizes the repurchase of up to $200 million in Company common stock.
  • 3The $200 million plan is expected to be fully utilized by the end of August 2025.
  • 4This repurchase initiative is part of existing authorized programs with a total remaining authorization of $534 million.
  • 5Following the completion of the $200 million plan, approximately $334 million in authorization will remain.
  • 6The trading plan allows for share repurchases during self-imposed blackout periods.
  • 7Share repurchases will comply with Rule 10b-18 volume limitations.

Frequently Asked Questions

A Rule 10b5-1 trading plan is a written document that allows a company to buy or sell its own shares at a predetermined time or based on a predetermined formula. It provides an affirmative defense against insider trading allegations by establishing a plan when the company does not possess material non-public information.

Curtiss-Wright plans to repurchase up to $200 million of its common stock under this new Rule 10b5-1 trading plan. The company expects this plan to be fully completed by the end of August 2025.

The total amount available for repurchases under current authorizations is $534 million. After the completion of the $200 million trading plan, Curtiss-Wright expects to have approximately $334 million in authorization remaining.

The company is adopting this plan to facilitate the repurchase of its shares. Rule 10b5-1 plans allow companies to buy back stock at times when they might otherwise be restricted from doing so due to insider trading laws or internal trading blackout periods, ensuring a consistent approach to capital return.