Woodward, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Sales of Unregistered Securities None. 42 Issuer Purchases of Equity Securities (In thousands, except for shares and per share amounts) Total Number of Shares Purchased Weighted Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs at Period End (1) January 1, 2026 through January 31, 2026 (2) 282,110 $ 319.92 282,110 $ 1,619,504 February 1, 2026 through February 28, 2026 (2) 235,551 383.18 235,528 1,529,254 March 1, 2026 through March 31, 2026 (2) 114,102 394.45 114,079 1,484,255 (1) In January 2024, the Board authorized a program for the repurchase of up to $600,000 of Woodward’s outstanding shares of common stock on the open market or in privately negotiated transactions over a three-year period. The Company completed its $600,000 authorization in November 2025. In November 2025, the Board authorized a new program for the repurchase of up to $1,800,000 of Woodward’s outstanding shares of common stock on the open market or in privately negotiated transactions over a three-year period ending in November 2028. (2) Under a trust established for the purposes of administering the Woodward Executive Benefit Plan, 23 shares of common stock were acquired in March 2026 on the open market related to the deferral of compensation by certain eligible members of Woodward’s management who irrevocably elected to invest some or all of their deferred compensation in Woodward common stock. In addition, 23 shares of common stock were acquired in February 2026 on the open market related to the reinvestment of dividends for shares of treasury stock held for deferred compensation. Shares owned by the trust, which is a separate legal entity, are included in "Treasury stock held for deferred compensation" in the Condensed Consolidated Balance Sheets.