---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-001685"
form_type: "8-K/A"
ticker: "WWD"
cik: "0000108312"
company_name: "Woodward, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:43:48.456942+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Woodward discloses $927,500 severance for departing GC A. Christopher Fawzy

## Summary
- Lump sum cash severance of $927,500, plus prorated STI payout (45.48% of fiscal 2024 target) and Cash LTI prorations (81.75% for 2024 cycle, 48.45% for 2025 cycle).
- One-time $57,000 payment in lieu of healthcare benefits for twelve months.
- PSU award payout prorated at 29.86% based on actual performance through 2026.
- Outstanding stock options and RSUs continue vesting per original schedule; vested options remain exercisable for full ten-year term.
- Conditions include twelve-month non-competition, non-solicitation, release of claims, and non-disparagement.

## SEC filing metadata
- accession: 0001171843-24-001685
- form_type: 8-K/A
- ticker: WWD
- cik: 0000108312
- company_name: Woodward, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108312/000117184324001685/0001171843-24-001685-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108312/000117184324001685/f8ka_032824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-001685
- JSON: https://secwatch.observer/filing/0001171843-24-001685.json
- Plain text: https://secwatch.observer/filing/0001171843-24-001685.txt

## Key facts
- Executive change
  A. Christopher Fawzy resigned as General Counsel at Woodward, Inc..
  - Action: resigned
  - Role: General Counsel
  source text: Mr. Fawzy’s departure was a Qualifying Termination under his Amended and Restated Executive Severance and Change in Control Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/108312/000117184324001685/0001171843-24-001685-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.