01—Abstract
Summary
Summary of the 8-K filed September 11, 2025. Cited figures are marked; the original filing is the authoritative source.
On September 10, 2025, Curtiss-Wright (NYSE: CW) adopted a Rule 10b5-1 trading plan to repurchase $200 milliona of its common stock, as part of an expansion of its 2025 share repurchase program.
The company says this expansion is expected to drive record annual share repurchases in excess of $450 millionb in 2025. The plan is structured so a broker can buy shares on the company's behalf even during self-imposed blackout periods, and it runs until the $200 million is fully used, which is expected in the fourth quarter of 2025. After the new plan and the remaining $60 million program (initiated in January 2025) are completed, the company expects $134 million of repurchase authorization to remain, out of $334 million currently available.
The 10b5-1 structure gives the company flexibility to keep buying back stock during periods when it would otherwise be restricted, which signals management's confidence in its Pivot to Growth strategy, balance sheet, and long-term outlook. The same release declared a quarterly dividend of $0.24c per share, payable October 10, 2025 to holders of record on September 26, 2025.
Investors should note that the filing does not disclose the price or volume of purchases, and that the actual execution depends on market conditions and the stock's price and volatility. The release does not provide new operating or financial results.
02—Key points
Key Highlights
- Adopted a Rule 10b5-1 trading plan on September 10, 2025 to repurchase $200 million of common stock.
- The $200 million expansion is expected to bring total 2025 share repurchases to a record of more than $450 million.
- The plan is expected to be completed in Q4 2025, leaving about $134 million of repurchase authorization after the current programs finish.
- Total repurchase authorization currently available is $334 million, which includes the remaining $60 million from the program started in January 2025.
- The company declared a quarterly dividend of $0.24 per share, payable October 10, 2025 to holders of record as of September 26, 2025.
- The 10b5-1 structure allows purchases during periods when the company would otherwise be blacked out from trading.
- The filing contains no new financial results or guidance; it is limited to capital return actions and related forward-looking risk disclaimers.
03—Questions
Frequently Asked Questions
What is a Rule 10b5-1 trading plan and why does Curtiss-Wright use one?
A Rule 10b5-1 plan is a pre-set, written arrangement under which a broker executes share purchases according to predefined terms. Because it is adopted in advance, it lets the company keep repurchasing stock during self-imposed trading blackout periods, when it would otherwise be restricted by insider trading considerations.
How much is Curtiss-Wright authorized to repurchase, and how much will remain after the programs are complete?
Total authorization currently available is $334 million. After the $200 million plan and the remaining $60 million program are completed, the company expects about $134 million of authorization to remain.
Why does the $200 million expansion matter for investors?
It raises expected 2025 share repurchases to a record of more than $450 million. Buybacks reduce the share count, which can increase per-share earnings and cash flow metrics, and they signal management's confidence in the company's outlook.
When will the buyback be completed, and when are the next dividend payments due?
The $200 million plan is expected to conclude in the fourth quarter of 2025. The $0.24 quarterly dividend is payable October 10, 2025 to shareholders of record as of September 26, 2025.
Where can investors find details of actual repurchase activity?
The company will disclose repurchase activity in its periodic reports on Form 10-Q and Form 10-K, as required by SEC rules. This 8-K itself does not report the number of shares bought or the prices paid.
04—Continue