WWD

SEC source: 0001209191-22-047134 · doc4.xml · nonDerivative · entry 1

DONOVAN PAUL · CIK 0001017674 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,100

SEC source: 0001209191-22-045793 · doc4.xml · derivative · entry 4

PETROVICH MARY L · CIK 0001180069 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Woodward, Inc. Common Stock · 5,100 shares

Expires 2022-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Options, which expire October 1, 2022, became exercisable as to 25% of the shares on October 1, 2013 and each one-year anniversary thereafter.

F2 · derivative.expiration_date: Options, which expire October 1, 2022, became exercisable as to 25% of the shares on October 1, 2013 and each one-year anniversary thereafter.

SEC source: 0001209191-22-045793 · doc4.xml · nonDerivative · entry 2

PETROVICH MARY L · CIK 0001180069 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,395

F1 · price: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $101.961 to $102.37 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

SEC source: 0001209191-22-045793 · doc4.xml · nonDerivative · entry 1

PETROVICH MARY L · CIK 0001180069 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,495

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-22-044516 · doc4.xml · nonDerivative · entry 4

DONOVAN PAUL · CIK 0001017674 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,100

F4 · price: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market purchases, with prices ranging from $95.72 to $95.97 per share. The reporting person has reported these purchases on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares purchased at each separate price.

SEC source: 0001209191-22-044516 · doc4.xml · nonDerivative · entry 3

DONOVAN PAUL · CIK 0001017674 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,300

F3 · price: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market purchases, with prices ranging from $94.70 to $95.65 per share. The reporting person has reported these purchases on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares purchased at each separate price.

SEC source: 0001209191-22-044516 · doc4.xml · nonDerivative · entry 2

DONOVAN PAUL · CIK 0001017674 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,300

F2 · price: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market purchases, with prices ranging from $93.70 to $94.60 per share. The reporting person has reported these purchases on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares purchased at each separate price.

SEC source: 0001209191-22-044512 · doc4.xml · nonDerivative · entry 1

Blankenship Charles P · CIK 0001728364 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,100

SEC source: 0001209191-22-044516 · doc4.xml · nonDerivative · entry 1

DONOVAN PAUL · CIK 0001017674 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,100

F1 · price: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market purchases, with prices ranging from $92.32 to $92.59 per share. The reporting person has reported these purchases on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares purchased at each separate price.

SEC source: 0001209191-22-041386 · doc4.xml · derivative · entry 1

Korte Daniel G. · CIK 0001603393 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 553.504

Underlying: Woodward, Inc. Common Stock · 211.749 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_price: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on July 5, 2022.

F1 · derivative.exercise_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_date: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on July 5, 2022.

F1 · derivative.expiration_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.expiration_date: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on July 5, 2022.

SEC source: 0001209191-22-041384 · doc4.xml · derivative · entry 1

Drake Eileen P. · CIK 0001635474 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 553.504

Underlying: Woodward, Inc. Common Stock · 211.749 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_price: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on July 5, 2022.

F1 · derivative.exercise_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_date: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on July 5, 2022.

F1 · derivative.expiration_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.expiration_date: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on July 5, 2022.

SEC source: 0001209191-22-033821 · doc4.xml · nonDerivative · entry 1

GENDRON THOMAS A · CIK 0001113706 · Director · Officer of the Company

10b5-1 filing: Not disclosed

Ownership: Indirect · The T2G Family Foundation

Disclosed balance after: 32,000

F1 · ownership.nature: The T2G Family Foundation is a family foundation in which the Reporting Person retains control of the shares held by the foundation.

SEC source: 0001209191-22-031266 · doc4.xml · nonDerivative · entry 2

Blankenship Charles P · CIK 0001728364 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,600

SEC source: 0001209191-22-031266 · doc4.xml · nonDerivative · entry 1

Blankenship Charles P · CIK 0001728364 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,100

SEC source: 0001209191-22-028484 · doc4.xml · derivative · entry 3

SENGSTACK GREGG C · CIK 0001189242 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Woodward, Inc. Common Stock · 5,100 shares

Expires 2022-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Options, which expire October 1, 2022, became exercisable as to 25% of the shares on October 1, 2013 and each one-year anniversary thereafter.

F2 · derivative.expiration_date: Options, which expire October 1, 2022, became exercisable as to 25% of the shares on October 1, 2013 and each one-year anniversary thereafter.

SEC source: 0001209191-22-028484 · doc4.xml · nonDerivative · entry 1

SENGSTACK GREGG C · CIK 0001189242 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,100

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-22-028249 · doc4.xml · derivative · entry 3

Blankenship Charles P · CIK 0001728364 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,500

Underlying: Woodward, Inc. Common Stock · 50,500 shares

Expires 2032-05-09

F2 · derivative.exercise_date: Options, which expire May 9, 2032, become exercisable as to 25% of the shares on May 9, 2023 and each one-year anniversary thereafter.

F2 · derivative.expiration_date: Options, which expire May 9, 2032, become exercisable as to 25% of the shares on May 9, 2023 and each one-year anniversary thereafter.

SEC source: 0001209191-22-028249 · doc4.xml · nonDerivative · entry 2

Blankenship Charles P · CIK 0001728364 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,700

F1 · kind: The reporting person was granted an award of Restricted Stock Units ("RSUs"). All such RSUs will vest 100% on May 9, 2025. Upon vesting, the reporting person will receive one share of Woodward, Inc. common stock per RSU granted.

F1 · shares: The reporting person was granted an award of Restricted Stock Units ("RSUs"). All such RSUs will vest 100% on May 9, 2025. Upon vesting, the reporting person will receive one share of Woodward, Inc. common stock per RSU granted.

SEC source: 0001209191-22-028249 · doc4.xml · nonDerivative · entry 1

Blankenship Charles P · CIK 0001728364 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,100

SEC source: 0001209191-22-054475 · doc4.xml · nonDerivative · entry 1

BHALLA RAJEEV · CIK 0001193996 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 435

F1 · balance_after: Holdings as of the filing date of this Form 4.

SEC source: 0001209191-22-028486 · doc4.xml · nonDerivative · entry 1

Korte Daniel G. · CIK 0001603393 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,896

SEC source: 0001209191-22-024388 · doc4.xml · derivative · entry 1

Korte Daniel G. · CIK 0001603393 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 340.564

Underlying: Woodward, Inc. Common Stock · 168.437 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_price: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on April 12, 2022.

F1 · derivative.exercise_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_date: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on April 12, 2022.

F1 · derivative.expiration_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.expiration_date: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on April 12, 2022.

SEC source: 0001209191-22-024386 · doc4.xml · derivative · entry 1

Drake Eileen P. · CIK 0001635474 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 340.564

Underlying: Woodward, Inc. Common Stock · 168.437 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_price: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on April 12, 2022.

F1 · derivative.exercise_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_date: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on April 12, 2022.

F1 · derivative.expiration_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.expiration_date: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on April 12, 2022.

SEC source: 0001209191-22-016546 · doc4.xml · derivative · entry 9

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 109,905

Underlying: Woodward, Inc. Common Stock · 70,895 shares

Expires 2024-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_date: Options, which expire October 1, 2024, became exercisable as to 25% of the shares on October 1, 2015 and each one-year anniversary thereafter.

F8 · derivative.expiration_date: Options, which expire October 1, 2024, became exercisable as to 25% of the shares on October 1, 2015 and each one-year anniversary thereafter.

SEC source: 0001209191-22-016546 · doc4.xml · nonDerivative · entry 3

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,698

F2 · price: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $123.00 to $123.96 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

SEC source: 0001209191-22-016546 · doc4.xml · nonDerivative · entry 2

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,570

F1 · price: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $122.00 to $122.97 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

SEC source: 0001209191-22-016546 · doc4.xml · nonDerivative · entry 1

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 107,593

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-22-015337 · doc4.xml · derivative · entry 4

Fawzy Christopher · CIK 0001299623 · VP, Gen Counsel & Corp Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Woodward, Inc. Common Stock · 11,500 shares

Expires 2024-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Options, which expire October 1, 2024, became exercisable as to 25% of the shares on October 1, 2015, and each one-year anniversary thereafter.

F3 · derivative.expiration_date: Options, which expire October 1, 2024, became exercisable as to 25% of the shares on October 1, 2015, and each one-year anniversary thereafter.

SEC source: 0001209191-22-015337 · doc4.xml · nonDerivative · entry 2

Fawzy Christopher · CIK 0001299623 · VP, Gen Counsel & Corp Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,506

F1 · price: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $124.00 to $124.445 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

SEC source: 0001209191-22-015337 · doc4.xml · nonDerivative · entry 1

Fawzy Christopher · CIK 0001299623 · VP, Gen Counsel & Corp Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,006

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-22-003940 · doc4.xml · derivative · entry 2

Sega Ronald M · CIK 0001421389 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,701

Underlying: Woodward, Inc. Common Stock · 1,152 shares

Expires 2022-01-18

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The reporting person participates in the Woodward Executive Benefit Plan (Plan). Pursuant to an election made under the Plan, each phantom stock unit (PSU) distributed under the Plan on 1/18/2022 entitled the reporting person to receive one share of Woodward, Inc. (Company) common stock. The reporting person received a distribution of 1,152 shares of Company common stock. PSUs are accrued under the Plan and are to be settled in 100% stock on a 1-for-1 basis at the distribution date specified at the time of election. Each PSU is the economic equivalent of one share of Company common stock. The total shown represents the dollar amount of deferrals divided by the current share price and, therefore, the number of shares reported may fluctuate from period to period. The total shown also includes PSUs acquired in connection with dividend re-investments and other acquisitions made under the Plan.

F2 · derivative.exercise_price: The acquisition of shares represents a predetermined automatic distribution from the Plan based on the terms of the Plan and does not represent an open-market purchase by the reporting person.

F4 · kind: Phantom Stock Units disposed of incident to the settlement of a distribution from the Plan in accordance with Rule 16b-3.

SEC source: 0001209191-22-003940 · doc4.xml · nonDerivative · entry 1

Sega Ronald M · CIK 0001421389 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,603

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The reporting person participates in the Woodward Executive Benefit Plan (Plan). Pursuant to an election made under the Plan, each phantom stock unit (PSU) distributed under the Plan on 1/18/2022 entitled the reporting person to receive one share of Woodward, Inc. (Company) common stock. The reporting person received a distribution of 1,152 shares of Company common stock. PSUs are accrued under the Plan and are to be settled in 100% stock on a 1-for-1 basis at the distribution date specified at the time of election. Each PSU is the economic equivalent of one share of Company common stock. The total shown represents the dollar amount of deferrals divided by the current share price and, therefore, the number of shares reported may fluctuate from period to period. The total shown also includes PSUs acquired in connection with dividend re-investments and other acquisitions made under the Plan.

F2 · shares: The acquisition of shares represents a predetermined automatic distribution from the Plan based on the terms of the Plan and does not represent an open-market purchase by the reporting person.

F1 · price: The reporting person participates in the Woodward Executive Benefit Plan (Plan). Pursuant to an election made under the Plan, each phantom stock unit (PSU) distributed under the Plan on 1/18/2022 entitled the reporting person to receive one share of Woodward, Inc. (Company) common stock. The reporting person received a distribution of 1,152 shares of Company common stock. PSUs are accrued under the Plan and are to be settled in 100% stock on a 1-for-1 basis at the distribution date specified at the time of election. Each PSU is the economic equivalent of one share of Company common stock. The total shown represents the dollar amount of deferrals divided by the current share price and, therefore, the number of shares reported may fluctuate from period to period. The total shown also includes PSUs acquired in connection with dividend re-investments and other acquisitions made under the Plan.

F2 · price: The acquisition of shares represents a predetermined automatic distribution from the Plan based on the terms of the Plan and does not represent an open-market purchase by the reporting person.

F3 · balance_after: Total reflects 176 shares acquired upon reinvestment of dividends since the date of the reporting person's last Form 4 with Table I reporting.

SEC source: 0001209191-22-003938 · doc4.xml · derivative · entry 8

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,379

Underlying: Woodward, Inc. Common Stock · 26,238 shares

Expires 2022-01-18

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The reporting person participates in the Woodward Executive Benefit Plan (Plan). Pursuant to an election made under the Plan, each phantom stock unit (PSU) distributed under the Plan on 1/18/22 entitled the reporting person to receive one share of Woodward, Inc. (Company) common stock, less shares not distributed to the reporting person to cover tax liabilities. See footnote 3. The reporting person received a net distribution of 16,625 shares of Company common stock. PSUs are accrued under the Plan and are to be settled in 100% stock on a 1-for-1 basis at the distribution date specified at the time of election. Each PSU is the economic equivalent of one share of Company common stock. The total shown represents the dollar amount of deferrals divided by the current share price and, therefore, the number of shares reported may fluctuate from period to period. The total shown also includes PSUs acquired in connection with dividend re-investments and other acquisitions made under the Plan.

F2 · derivative.exercise_price: The acquisition of shares represents a predetermined automatic distribution from the Plan based on the terms of the Plan and does not represent an open-market purchase by the reporting person.

F9 · kind: Phantom Stock Units disposed of incident to the settlement of a distribution from the Plan in accordance with Rule 16b-3.

SEC source: 0001209191-22-003938 · doc4.xml · nonDerivative · entry 2

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,698

F3 · shares: Shares sold to cover the tax liability incident to the issuance of shares under the Woodward Executive Benefit Plan in accordance with Rule 16b-3.

SEC source: 0001209191-22-003938 · doc4.xml · nonDerivative · entry 1

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,311

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The reporting person participates in the Woodward Executive Benefit Plan (Plan). Pursuant to an election made under the Plan, each phantom stock unit (PSU) distributed under the Plan on 1/18/22 entitled the reporting person to receive one share of Woodward, Inc. (Company) common stock, less shares not distributed to the reporting person to cover tax liabilities. See footnote 3. The reporting person received a net distribution of 16,625 shares of Company common stock. PSUs are accrued under the Plan and are to be settled in 100% stock on a 1-for-1 basis at the distribution date specified at the time of election. Each PSU is the economic equivalent of one share of Company common stock. The total shown represents the dollar amount of deferrals divided by the current share price and, therefore, the number of shares reported may fluctuate from period to period. The total shown also includes PSUs acquired in connection with dividend re-investments and other acquisitions made under the Plan.

F2 · shares: The acquisition of shares represents a predetermined automatic distribution from the Plan based on the terms of the Plan and does not represent an open-market purchase by the reporting person.

F1 · price: The reporting person participates in the Woodward Executive Benefit Plan (Plan). Pursuant to an election made under the Plan, each phantom stock unit (PSU) distributed under the Plan on 1/18/22 entitled the reporting person to receive one share of Woodward, Inc. (Company) common stock, less shares not distributed to the reporting person to cover tax liabilities. See footnote 3. The reporting person received a net distribution of 16,625 shares of Company common stock. PSUs are accrued under the Plan and are to be settled in 100% stock on a 1-for-1 basis at the distribution date specified at the time of election. Each PSU is the economic equivalent of one share of Company common stock. The total shown represents the dollar amount of deferrals divided by the current share price and, therefore, the number of shares reported may fluctuate from period to period. The total shown also includes PSUs acquired in connection with dividend re-investments and other acquisitions made under the Plan.

F2 · price: The acquisition of shares represents a predetermined automatic distribution from the Plan based on the terms of the Plan and does not represent an open-market purchase by the reporting person.

SEC source: 0001209191-22-003235 · doc4.xml · derivative · entry 1

Korte Daniel G. · CIK 0001603393 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 171.881

Underlying: Woodward, Inc. Common Stock · 171.881 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_price: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on January 11, 2022.

F1 · derivative.exercise_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_date: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on January 11, 2022.

F1 · derivative.expiration_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.expiration_date: Pursuant to an election made by Mr. Korte to defer a portion of his 2022 director retainer fees pursuant to the Plan, his director retainer fee was invested in phantom stock units on January 11, 2022.

SEC source: 0001209191-22-003233 · doc4.xml · derivative · entry 1

Drake Eileen P. · CIK 0001635474 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 171.881

Underlying: Woodward, Inc. Common Stock · 171.881 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_price: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on January 11, 2022.

F1 · derivative.exercise_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.exercise_date: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on January 11, 2022.

F1 · derivative.expiration_date: Represents deferred director retainer fees invested in phantom stock units under the terms of the Woodward Executive Benefit Plan (the "Plan"). Phantom stock units are accrued under the Plan and are to be settled in 100% common stock on a one-for-one basis at the distribution date specified at the time of election, or if earlier, upon separation from the Issuer. The total shown represents the dollar amount of director retainer fees deferred, divided by the then current share price and, therefore, the number of shares reported may fluctuate from period to period.

F2 · derivative.expiration_date: Pursuant to an election made by Ms. Drake to defer a portion of her 2022 director retainer fees pursuant to the Plan, her director retainer fee was invested in phantom stock units on January 11, 2022.

SEC source: 0001209191-21-010430 · doc4.xml · nonDerivative · entry 8

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in the Gendron Descendants Trust

Disclosed balance after: 94,350.465

F4 · kind: TEAGII LLP transferred these shares to The Gendron Descendants Trust, a family trust of which the reporting person is the trustee. The reporting person's children are among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F4 · ownership.nature: TEAGII LLP transferred these shares to The Gendron Descendants Trust, a family trust of which the reporting person is the trustee. The reporting person's children are among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

SEC source: 0001209191-21-010430 · doc4.xml · nonDerivative · entry 7

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in the TEAGII LLP

Disclosed balance after: 1,906.07

F4 · kind: TEAGII LLP transferred these shares to The Gendron Descendants Trust, a family trust of which the reporting person is the trustee. The reporting person's children are among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F3 · ownership.nature: TEAGII LLP is a limited partnership of which the reporting person is the sole general partner and of which the reporting person and his wife are the sole limited partners.

SEC source: 0001209191-21-059650 · doc4.xml · derivative · entry 1

Voskuil Terence J. · CIK 0001841643 · President, ATS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,300

Underlying: Woodward, Inc. Common Stock · 8,300 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059648 · doc4.xml · derivative · entry 1

Ross Roger Alan · CIK 0001651443 · President, Aero Systems

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,600

Underlying: Woodward, Inc. Common Stock · 11,600 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059646 · doc4.xml · derivative · entry 1

Patel Sagar A · CIK 0001523231 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,800

Underlying: Woodward, Inc. Common Stock · 11,800 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059643 · doc4.xml · derivative · entry 1

Hartman Mark D · CIK 0001348801 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,000

Underlying: Woodward, Inc. Common Stock · 15,000 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059641 · doc4.xml · derivative · entry 1

Fawzy Christopher · CIK 0001299623 · VP, Gen Counsel & Corp Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,300

Underlying: Woodward, Inc. Common Stock · 12,300 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059639 · doc4.xml · derivative · entry 1

Cromwell Thomas G · CIK 0001454930 · Vice Chairman, COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,700

Underlying: Woodward, Inc. Common Stock · 29,700 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059496 · doc4.xml · derivative · entry 1

GENDRON THOMAS A · CIK 0001113706 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 90,000

Underlying: Woodward, Inc. Common Stock · 90,000 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059412 · doc4.xml · derivative · entry 1

Drake Eileen P. · CIK 0001635474 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

Underlying: Woodward, Inc. Common Stock · 3,000 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059464 · doc4.xml · derivative · entry 1

SENGSTACK GREGG C · CIK 0001189242 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

Underlying: Woodward, Inc. Common Stock · 3,000 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059458 · doc4.xml · derivative · entry 1

Sega Ronald M · CIK 0001421389 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

Underlying: Woodward, Inc. Common Stock · 3,000 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

SEC source: 0001209191-21-059441 · doc4.xml · derivative · entry 1

PETROVICH MARY L · CIK 0001180069 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

Underlying: Woodward, Inc. Common Stock · 3,000 shares

Expires 2031-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.

F1 · derivative.expiration_date: Options, which expire October 1, 2031, become exercisable as to 25% of the shares on October 1, 2022 and each one-year anniversary thereafter.