X0306 4 2023-02-01 0 0000108312 Woodward, Inc. WWD 0001421389 Sega Ronald M 1081 WOODWARD WAY FORT COLLINS CO 80524 1 0 0 0 Woodward, Inc. Common Stock 2023-02-01 4 M 0 2000 40.99 A 15689 D Woodward, Inc. Common Stock 2023-02-01 4 S 0 2000 104.00 D 13689 D Non-Qualified Stock Option (Right to Buy) 40.99 2023-02-01 4 M 0 2000 0.00 D 2014-10-01 2023-10-01 Woodward, Inc. Common Stock 2000 3395 D Total reflects 86 shares acquired upon reinvestment of dividends since the date of the reporting person's last Form 4 with Table I reporting. 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 $104.00 to $104.05 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. Options, which expire October 1, 2023, become exercisable as to 25% of the shares on October 1, 2014, and each one-year anniversary thereafter. Rebecca L. Dees, by Power of Attorney 2023-02-03