Woodward Management

Management criteria checks 2/4

Woodward's CEO is Chip Blankenship, appointed in May 2022, has a tenure of 2.33 years. total yearly compensation is $7.62M, comprised of 14.4% salary and 85.6% bonuses, including company stock and options. directly owns 0.012% of the company’s shares, worth €1.05M. The average tenure of the management team and the board of directors is 1.5 years and 3.7 years respectively.

Key information

Chip Blankenship

Chief executive officer

US$7.6m

Total compensation

CEO salary percentage	14.4%
CEO tenure	2.3yrs
CEO ownership	0.01%
Management average tenure	1.5yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chip Blankenship's remuneration changed compared to Woodward's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$372m
Mar 31 2024	n/a	n/a	US$355m
Dec 31 2023	n/a	n/a	US$293m
Sep 30 2023	US$8m	US$1m	US$232m
Jun 30 2023	n/a	n/a	US$204m
Mar 31 2023	n/a	n/a	US$159m
Dec 31 2022	n/a	n/a	US$171m
Sep 30 2022	US$7m	US$402k	US$172m

Compensation vs Market: Chip's total compensation ($USD7.62M) is above average for companies of similar size in the German market ($USD5.36M).

Compensation vs Earnings: Chip's compensation has been consistent with company performance over the past year.

CEO

Chip Blankenship (57 yo)

2.3yrs

Tenure

US$7,615,536

Compensation

Mr. Charles P. Blankenship, Jr. also known as Chip, serves as Chief Executive Officer and Chairman at Woodward, Inc. since May 9, 2022 and served as its President since May 9, 2022 until 2024. He served as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Charles Blankenship	CEO & Chairman	2.3yrs	US$7.62m	0.012% $ 1.0m
William Lacey	Executive VP & CFO	1.3yrs	US$2.07m	0.00020% $ 18.2k
Thomas Cromwell	Executive VP & COO	5.5yrs	US$2.76m	0.0017% $ 156.6k
Randall Hobbs	Executive VP & President of Industrial	1.8yrs	US$8.95m	0.0030% $ 273.2k
Donald Guzzardo	VP of Investor Relations & Treasurer	no data	no data	no data
Karrie Bem	Executive VP	no data	no data	no data
Ron Charles	Executive VP & Chief Human Resources Officer	no data	no data	no data
Terence Voskuil	Executive VP & President of Aerospace	3.7yrs	no data	0.0084% $ 762.2k
W. Godsman	Executive Vice President of Strategy & Business Development	less than a year	no data	no data
Daniel Provaznik	Director of Investor Relations	no data	no data	no data

1.5yrs

Average Tenure

56yo

Average Age

Experienced Management: WW1's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Blankenship	CEO & Chairman	2.3yrs	US$7.62m	0.012% $ 1.0m
Gregg Sengstack	Lead Independent Director	13yrs	US$245.48k	0.054% $ 5.0m
John Cohn	Independent Director	22.2yrs	US$260.48k	0.034% $ 3.1m
Rajeev Bhalla	Independent Director	3yrs	US$235.48k	0.0030% $ 271.4k
David Hess	Independent Director	3.7yrs	US$235.48k	0.026% $ 2.4m
Eileen Drake	Independent Director	7.6yrs	US$241.48k	0.0025% $ 227.7k
Tana Utley	Independent Director	1.3yrs	US$77.55k	0.00024% $ 21.9k
Daniel Korte	Independent Director	7.6yrs	US$241.48k	0.0032% $ 289.6k
Mary Petryszyn	Independent Director	1.3yrs	US$77.55k	no data

3.7yrs

Average Tenure

62yo

Average Age

Experienced Board: WW1's board of directors are considered experienced (3.7 years average tenure).

Woodward Management

Management criteria checks 2/4

Key information

Recent management updates

Woodward, Inc. Appoints Ron Charles as Its Executive Vice President and Chief Human Resources Officer

Woodward Appoints Karrie Bem as Executive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer, Effective September 16, 2024

Woodward, Inc. Announces Departure of A. Christopher Fawzy as EVP, General Counsel, Chief Compliance Officer and Secretary

Woodward, Inc., Annual General Meeting, Jan 24, 2024

High number of new directors

Woodward Appoint Board of Directors

Recent updates

Woodward, Inc. Announces Quarterly Dividend, Payable on December 5, 2024

Woodward, Inc. Appoints Ron Charles as Its Executive Vice President and Chief Human Resources Officer

Woodward Appoints Karrie Bem as Executive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer, Effective September 16, 2024

Upcoming dividend of US$0.25 per share

Woodward, Inc. Revises Earnings Guidance for the Full Year 2024

Now 29% undervalued after recent price drop

Third quarter 2024 earnings released: EPS: US$1.69 (vs US$1.41 in 3Q 2023)

Woodward, Inc. to Report Q3, 2024 Results on Jul 29, 2024

Second quarter dividend of US$0.25 announced

Now 20% undervalued

Woodward Announces Declaration of Dividend, Payable on September 5, 2024

Upcoming dividend of US$0.25 per share

Woodward, Inc. Revises Earnings Guidance for the Fiscal Year 2024

Second quarter 2024 earnings released: EPS: US$1.61 (vs US$0.59 in 2Q 2023)

First quarter dividend of US$0.25 announced

Woodward, Inc. Declares Quarterly Dividend, Payable on June 5, 2024

Woodward, Inc. to Report Q2, 2024 Results on Apr 29, 2024

Now 20% undervalued

Woodward, Inc. Announces Departure of A. Christopher Fawzy as EVP, General Counsel, Chief Compliance Officer and Secretary

Upcoming dividend of US$0.25 per share at 0.7% yield

First quarter 2024 earnings released: EPS: US$1.50 (vs US$0.50 in 1Q 2023)

Fourth quarter dividend of US$0.25 announced

Woodward, Inc. Increases Quarterly Dividend, Payable on March 5, 2024

Woodward, Inc. to Report Q1, 2024 Results on Jan 29, 2024

Now 20% undervalued after recent price drop

Woodward, Inc., Annual General Meeting, Jan 24, 2024

Now 20% undervalued

Full year 2023 earnings released: EPS: US$3.88 (vs US$2.79 in FY 2022)

Woodward, Inc. Provides Earnings Guidance for the Fiscal Year 2024

Upcoming dividend of US$0.22 per share at 0.7% yield

Woodward, Inc. to Report Q4, 2023 Results on Nov 16, 2023

Woodward, Inc. Declares Cash Dividend, Payable on December 4, 2023

Third quarter 2023 earnings released: EPS: US$1.41 (vs US$0.65 in 3Q 2022)

Woodward, Inc. Provides Sales Guidance for the Fiscal Year 2023

Now 21% undervalued

Woodward Announces Declaration of Quarterly Dividend, Payable on August 28, 2023

Woodward, Inc. to Report Q3, 2023 Results on Jul 31, 2023

Now 20% undervalued

High number of new directors

Upcoming dividend of US$0.22 per share at 0.8% yield

Woodward Appoint Board of Directors

Woodward, Inc. Revises Earnings Guidance for the Year Ended September 30, 2023

Second quarter 2023 earnings released: EPS: US$0.59 (vs US$0.77 in 2Q 2022)

Upcoming dividend of US$0.22 per share at 0.9% yield

First quarter 2023 earnings released: EPS: US$0.50 (vs US$0.48 in 1Q 2022)

Woodward, Inc. Reaffirms Earnings Guidance for the Fiscal 2023

Woodward, Inc. to Report Q1, 2023 Results on Jan 30, 2023

Mary Petrovich and Paul Donovan Not to Stand for Re-Election as Board of Directors of Woodward, Inc

Woodward, Inc. Provides Earnings Guidance for the Year 2023

Woodward, Inc. to Report Q4, 2022 Results on Nov 17, 2022

Woodward, Inc. Announces Executive Changes

Woodward, Inc. Announces Declaration of Dividend, Payable on November 28, 2022

Independent Director recently bought €298k worth of stock

Independent Director recently bought €1.0m worth of stock

Woodward, Inc. Provides Sales Guidance for the Full Year of 2022

Third quarter 2022 earnings released: EPS: US$0.65 (vs US$0.77 in 3Q 2021)

Woodward, Inc. Declares Dividend, Payable on August 29, 2022

Woodward, Inc. to Report Q3, 2022 Results on Aug 01, 2022

Director recently sold €954k worth of stock

CEO, President & Chairman recently bought €82k worth of stock

Independent Director recently bought €189k worth of stock

Woodward, Inc. Announces Revenue Guidance for the Year of 2022

Second quarter 2022 earnings released: EPS: US$0.77 (vs US$1.08 in 2Q 2021)

Woodward, Inc. Announces Executive Changes

William John Godsman Joins Woodward as Corporate Vice President, Strategy & Business Development

Woodward, Inc. to Report Q2, 2022 Results on May 02, 2022

Now 20% undervalued

Woodward, Inc. (NasdaqGS:WWD) announces an Equity Buyback for $800 million worth of its shares.

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint