Summary
Curtiss-Wright Corporation (CW) has announced the adoption of a new Rule 10b5-1 trading plan, effective August 10, 2026. This plan will facilitate the repurchase of up to $100 million of the Company's common stock. The repurchases are part of its previously authorized share repurchase programs, which have a total remaining capacity of $490 million prior to this new plan. The Company expects this $100 million repurchase program to be completed by the end of August 2026, leaving approximately $390 million in remaining authorization.
Key Highlights
- 1Curtiss-Wright adopted a Rule 10b5-1 trading plan for share repurchases.
- 2The plan allocates $100 million for stock buybacks.
- 3This buyback is part of a larger, previously announced share repurchase program with $490 million available.
- 4The $100 million repurchase is expected to be completed by the end of August 2026.
- 5Following this plan, approximately $390 million will remain authorized for future repurchases.
- 6The 10b5-1 plan allows repurchases during trading blackout periods.
- 7The Company has furnished a press release as Exhibit 99.1 detailing this transaction.
Frequently Asked Questions
A Rule 10b5-1 trading plan is a written document that allows a company to repurchase its own shares at times when it might otherwise be restricted from doing so, such as during periods of blackout for insider trading. It provides an affirmative defense against allegations of insider trading.
Under the new Rule 10b5-1 trading plan, Curtiss-Wright intends to repurchase up to $100 million of its common stock.
The Company expects the $100 million repurchase to be fully utilized by the end of August 2026.
Following the completion of the $100 million plan, Curtiss-Wright expects to have approximately $390 million remaining under its existing share repurchase authorizations.