XML 29 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Pay vs Performance Disclosure
12 Months Ended 60 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2025
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

 

The following table shows the total compensation for our NEOs for the past five fiscal years, the “compensation actually paid” to our PEO and, on an average basis, our other NEOs (in each case, as determined under SEC rules), our TSR, the TSR of the Aerospace & Defense Select Industry Index over the same period, our Net Income, and our financial performance measure for compensatory purposes, Adjusted Earnings per Share.

 

                   Value of Initial $100
Investment Based On:
      Company-
Selected
Measure
Fiscal
Year (a)
  Summary
Compensation
Table (SCT)
Total for
PEO (b)
  Compensation
Actually Paid
to PEO
(CAP) (c)
  Average
Summary
Compensation
Table (SCT)
Total for Non-
PEO Named
Executive
Officers (d)
  Average
Compensation
Actually Paid to
Non-PEO
Named
Executive
Officers
(CAP) (e)
  Company
Total
Shareholder
Return ($) (f)
  Peer Group
Total
Shareholder
Return ($) (g)
  Net
Income
(in
thousands,
$) (h)
  Earnings
Per Share
($) (i)
2025  $14,135,280   $26,742,452   $3,089,717   $5,563,184   $483.25   $220.22   $484,228   $13.23 
2024  $11,585,909   $22,312,596   $2,926,279   $5,887,828   $310.45   $150.03   $404,978   $10.90 
2023  $8,562,311   $13,007,261   $2,534,244   $3,872,036   $194.36   $121.41   $354,509   $9.38 
2022  $4,462,698   $7,890,517   $4,654,705   $6,383,850   $145.07   $97.85   $294,348   $8.13 
2021  $4,491,811   $4,925,333   $2,753,543   $3,265,294   $119.86   $102.72   $267,159   $7.23 
(a)The Pay Versus Performance table reflects required disclosures for fiscal years 2025, 2024, 2023, 2022, and 2021.

 

(b)For fiscal years 2025, 2024, 2023, 2022 and 2021, Lynn M. Bamford was the Principle Executive Officer (PEO) for the Company

 

(c)The Compensation Actually Paid (CAP) was calculated beginning with the PEO’s Summary Compensation Table (SCT) total then deducting the aggregate change in actuarial present value of her/his accumulated benefit under all defined benefit and actuarial pension plans reported in the SCT; deducting the amounts reported in the SCT for performance share and restricted stock unit awards; adding the pension service cost; adding the fair value as of the end of the covered fiscal year of all awards granted during the fiscal year that are outstanding and unvested as of the fiscal year-end; adding the amount equal to the change in fair value as of the end of the covered fiscal year, whether positive or negative, of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year; and adding the amount equal to the change in fair value as of the vesting date, whether positive or negative, of any award granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year. Relative to the PEO’s CAP, the following amounts were deducted from and added to SCT total compensation:

 

PEO SCT Total to CAP Reconciliation:

 

Fiscal
Year
  Summary
Compensation
Table Total
  Deductions
from SCT Total
for Equity
Awards (i)
  Deductions
from SCT Total
for Pension
Benefits (ii)
  Additions
to SCT Total
for Equity
Awards (iii)
  Additions
to SCT Total for
Pension Service
Costs (iv)
  CAP
2025    $14,135,280       -$ 4,004,000        -$ 3,851,762      $19,792,495       $670,439      $26,742,452 
2024  $11,585,909   -$ 3,491,250    -$ 2,526,668    $16,347,723   $396,882   $22,312,596 
2023  $8,562,311   -$ 3,010,000    -$ 864,041    $7,958,761   $360,230   $13,007,261 
2022  $4,462,698   -$ 2,441,259    -$ 110,837    $5,568,041   $411,874   $7,890,517 
2021  $4,491,811   -$ 1,636,250    -$ 639,485    $2,416,502   $292,755   $4,925,333 
(i)Represents the grant date fair value of equity-based awards granted each year.

 

(ii)Represents the aggregate change in the actuarial present value of accumulated benefit under pension.
(iii)The additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.

 

(iv)The additions to the SCT Total reflect the pension service cost calculated in accordance with the SEC methodology for determining CAP for each year shown.

 

Supplemental

 

PEO Equity Component of CAP:

 

Year  Year End Fair Value
of Equity Awards
Granted in the Year (i)
  Year over Year Change in
Fair Value of Outstanding
Unvested Equity Awards
Granted in Prior Years (i)
  Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior
Years that Vested in
the Year (i)
  Total
Equity
Award
Adjustments (ii)
2025         $9,602,554                  $10,604,823                  -$414,883              $19,792,495      
2024  $7,567,507   $8,570,790   $209,427   $16,347,723 
2023  $4,492,413   $3,454,852   $11,496   $7,958,761 
2022  $3,680,802   $1,876,150   $11,088   $5,568,041 
2021  $2,283,203   $134,440   -$1,141   $2,416,502 
(i)The amounts include both Performance Share Units and Restricted Stock Unit awards.

 

(ii)Total Equity Award Adjustments includes dividend equivalents units earned in each fiscal year. No equity awards failed to meet vesting conditions for the fiscal years.

 

(d)Each of the five fiscal years presented include the average SCT totals of the Non-PEO Named Executive Officers (NEOs) as applicable in each reporting year. For fiscal year 2025, non-PEO Named Executive Officers were: K. Christopher Farkas, Kevin M. Rayment, George McDonald, and John C. Watts. For fiscal year 2024 and 2023, non-PEO Named Executive Officers were: K. Christopher Farkas, Kevin M. Rayment, Paul J. Ferdenzi, and John C. Watts. For fiscal year 2022, non-PEO Named Executive Officers were: David C. Adams, K. Christopher Farkas, Kevin M. Rayment, Paul J. Ferdenzi, and John C. Watts. For fiscal year 2021, non-PEO Named Executive Officers were: David C. Adams, K. Christopher Farkas, Kevin M. Rayment, and Paul J. Ferdenzi.

 

(e)The Average Compensation Actually Paid was calculated by averaging the following when applicable, by year, for the non-PEO NEOs; SCT total then deducting the aggregate change in actuarial present value of their accumulated benefit under all defined benefit and actuarial pension plans reported in the SCT; deducting the amounts reported in the SCT for performance share and restricted stock unit awards; adding the pension service cost; adding the fair value as of the end of the covered fiscal year of all awards granted during the fiscal year that are outstanding and unvested as of the fiscal year-end; adding the amount equal to the change in fair value as of the end of the covered fiscal, whether positive or negative, of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year; and adding the amount equal to the change in fair value as of the vesting date, whether positive or negative, of any award granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year. Relative to CAP, the following amounts were deducted from and added to SCT total compensation:

Average Non-PEO SCT Total to CAP Reconciliation:

 

Fiscal
Year
  Summary
Compensation
Table Total (i)
  Deductions
from SCT Total
for Equity
Awards (ii)
  Deductions
from SCT Total
for Pension
Benefits (iii)
  Additions
to SCT Total
for Equity
Awards (iv)
  Additions
to SCT Total
for Pension
Service
Costs (v)
  CAP
2025     $3,089,717         -$678,078          -$540,364       $3,572,027     $119,882     $5,563,184 
2024  $2,926,279   -$688,349    -$382,521    $3,927,269   $105,150   $5,887,828 
2023  $2,534,244   -$664,125    -$180,323    $2,083,304   $98,936   $3,872,036 
2022  $4,654,705   -$485,155    -$131,443    $2,106,528   $239,215   $6,383,850 
2021  $2,753,543   -$1,086,255    -$57,090    $1,381,658   $273,438   $3,265,294 
(i)The amount in 2022 is inflated due to the lump sum distribution from the Curtiss-Wright Corporation Retirement Benefits Restoration Plan for the prior PEO Mr. Adams.

 

(ii)Represents the grant date fair value of equity-based awards granted each year.

 

(iii)Represents the aggregate change in the actuarial present value of accumulated benefit under pension.

 

(iv)The additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.

 

(v)The additions to the SCT Total reflect the pension service cost calculated in accordance with the SEC methodology for determining CAP for each year shown.

 

Supplemental

 

Average Non-PEO Equity Component of CAP:

 

Year  Year End Fair
Value of Equity
Awards Granted in
the Year (i)
  Year over Year
Change in Fair
Value of
Outstanding Unvested
Equity Awards Granted in
Prior Years (i)
  Year over Year
Change in Fair
Value of Equity
Awards Granted in
Prior Years that
Vested in the Year (i)
  Total Equity
Award
Adjustments (ii)
2025        $1,625,982                  $2,028,376                  -$82,332              $3,572,027      
2024  $1,491,890   $2,374,817   $60,562   $3,927,269 
2023  $991,219   $1,084,299   $7,786   $2,083,304 
2022  $731,409   $1,360,288   $14,832   $2,106,529 
2021  $1,431,205   -$47,701   -$1,846   $1,381,658 
(i)The amounts include both Performance Share Units and Restricted Stock Unit awards.

 

(ii)Total Equity Award Adjustments includes dividend equivalents units earned in each fiscal year. No equity awards failed to meet vesting conditions for the fiscal years.

 

(f)The amount represents the value of an initial fixed $100 Investment in Curtiss-Wright stock on December 31, 2020 assuming reinvestment of all dividends.

 

(g)Peer group companies are the Aerospace & Defense Select Industry Index. The amount represents an initial fixed $100 Investment in the Company’s Peer Group on December 31, 2020 assuming reinvestment of all dividends.

 

(h)Reflects net income in the Company’s Consolidated Statement of Earnings included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2025, 2024, 2023, 2022, and 2021.

 

(i)Adjusted Earnings per Share, a non-GAAP measure, is calculated as net earnings from continuing operations as adjusted for the items (which is agreed by the Executive Compensation Committee) described in the Company’s fourth quarter 2025, 2024, 2023, 2022, and 2021 earning releases, respectively, furnished to the SEC on February 12, 2026, February 12, 2025, February 15, 2024, February 22, 2023, and February 24, 2022, respectively, divided by the number of weighted average diluted shares outstanding.
         
Named Executive Officers, Footnote Each of the five fiscal years presented include the average SCT totals of the Non-PEO Named Executive Officers (NEOs) as applicable in each reporting year. For fiscal year 2025, non-PEO Named Executive Officers were: K. Christopher Farkas, Kevin M. Rayment, George McDonald, and John C. Watts. For fiscal year 2024 and 2023, non-PEO Named Executive Officers were: K. Christopher Farkas, Kevin M. Rayment, Paul J. Ferdenzi, and John C. Watts. For fiscal year 2022, non-PEO Named Executive Officers were: David C. Adams, K. Christopher Farkas, Kevin M. Rayment, Paul J. Ferdenzi, and John C. Watts. For fiscal year 2021, non-PEO Named Executive Officers were: David C. Adams, K. Christopher Farkas, Kevin M. Rayment, and Paul J. Ferdenzi.          
Peer Group Issuers, Footnote Peer group companies are the Aerospace & Defense Select Industry Index. The amount represents an initial fixed $100 Investment in the Company’s Peer Group on December 31, 2020 assuming reinvestment of all dividends.          
PEO Total Compensation Amount [1],[2] $ 14,135,280 $ 11,585,909 $ 8,562,311 $ 4,462,698 $ 4,491,811  
PEO Actually Paid Compensation Amount [2],[3] $ 26,742,452 22,312,596 13,007,261 7,890,517 4,925,333  
Adjustment To PEO Compensation, Footnote The Compensation Actually Paid (CAP) was calculated beginning with the PEO’s Summary Compensation Table (SCT) total then deducting the aggregate change in actuarial present value of her/his accumulated benefit under all defined benefit and actuarial pension plans reported in the SCT; deducting the amounts reported in the SCT for performance share and restricted stock unit awards; adding the pension service cost; adding the fair value as of the end of the covered fiscal year of all awards granted during the fiscal year that are outstanding and unvested as of the fiscal year-end; adding the amount equal to the change in fair value as of the end of the covered fiscal year, whether positive or negative, of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year; and adding the amount equal to the change in fair value as of the vesting date, whether positive or negative, of any award granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year. Relative to the PEO’s CAP, the following amounts were deducted from and added to SCT total compensation:

PEO SCT Total to CAP Reconciliation:

Fiscal
Year
  Summary
Compensation
Table Total
  Deductions
from SCT Total
for Equity
Awards (i)
  Deductions
from SCT Total
for Pension
Benefits (ii)
  Additions
to SCT Total
for Equity
Awards (iii)
  Additions
to SCT Total for
Pension Service
Costs (iv)
  CAP
2025    $14,135,280       -$ 4,004,000        -$ 3,851,762      $19,792,495       $670,439      $26,742,452 
2024  $11,585,909   -$ 3,491,250    -$ 2,526,668    $16,347,723   $396,882   $22,312,596 
2023  $8,562,311   -$ 3,010,000    -$ 864,041    $7,958,761   $360,230   $13,007,261 
2022  $4,462,698   -$ 2,441,259    -$ 110,837    $5,568,041   $411,874   $7,890,517 
2021  $4,491,811   -$ 1,636,250    -$ 639,485    $2,416,502   $292,755   $4,925,333 
(i)Represents the grant date fair value of equity-based awards granted each year.
(ii)Represents the aggregate change in the actuarial present value of accumulated benefit under pension.
(iii)The additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.
(iv)The additions to the SCT Total reflect the pension service cost calculated in accordance with the SEC methodology for determining CAP for each year shown.

Supplemental

PEO Equity Component of CAP:

Year  Year End Fair Value
of Equity Awards
Granted in the Year (i)
  Year over Year Change in
Fair Value of Outstanding
Unvested Equity Awards
Granted in Prior Years (i)
  Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior
Years that Vested in
the Year (i)
  Total
Equity
Award
Adjustments (ii)
2025         $9,602,554                  $10,604,823                  -$414,883              $19,792,495      
2024  $7,567,507   $8,570,790   $209,427   $16,347,723 
2023  $4,492,413   $3,454,852   $11,496   $7,958,761 
2022  $3,680,802   $1,876,150   $11,088   $5,568,041 
2021  $2,283,203   $134,440   -$1,141   $2,416,502 
(i)The amounts include both Performance Share Units and Restricted Stock Unit awards.
(ii)Total Equity Award Adjustments includes dividend equivalents units earned in each fiscal year. No equity awards failed to meet vesting conditions for the fiscal years.
         
Non-PEO NEO Average Total Compensation Amount [2],[4],[5] $ 3,089,717 2,926,279 2,534,244 4,654,705 2,753,543  
Non-PEO NEO Average Compensation Actually Paid Amount [2],[6] $ 5,563,184 5,887,828 3,872,036 6,383,850 3,265,294  
Adjustment to Non-PEO NEO Compensation Footnote The Average Compensation Actually Paid was calculated by averaging the following when applicable, by year, for the non-PEO NEOs; SCT total then deducting the aggregate change in actuarial present value of their accumulated benefit under all defined benefit and actuarial pension plans reported in the SCT; deducting the amounts reported in the SCT for performance share and restricted stock unit awards; adding the pension service cost; adding the fair value as of the end of the covered fiscal year of all awards granted during the fiscal year that are outstanding and unvested as of the fiscal year-end; adding the amount equal to the change in fair value as of the end of the covered fiscal, whether positive or negative, of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year; and adding the amount equal to the change in fair value as of the vesting date, whether positive or negative, of any award granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year. Relative to CAP, the following amounts were deducted from and added to SCT total compensation:

Average Non-PEO SCT Total to CAP Reconciliation:

Fiscal
Year
  Summary
Compensation
Table Total (i)
  Deductions
from SCT Total
for Equity
Awards (ii)
  Deductions
from SCT Total
for Pension
Benefits (iii)
  Additions
to SCT Total
for Equity
Awards (iv)
  Additions
to SCT Total
for Pension
Service
Costs (v)
  CAP
2025     $3,089,717         -$678,078          -$540,364       $3,572,027     $119,882     $5,563,184 
2024  $2,926,279   -$688,349    -$382,521    $3,927,269   $105,150   $5,887,828 
2023  $2,534,244   -$664,125    -$180,323    $2,083,304   $98,936   $3,872,036 
2022  $4,654,705   -$485,155    -$131,443    $2,106,528   $239,215   $6,383,850 
2021  $2,753,543   -$1,086,255    -$57,090    $1,381,658   $273,438   $3,265,294 
(i)The amount in 2022 is inflated due to the lump sum distribution from the Curtiss-Wright Corporation Retirement Benefits Restoration Plan for the prior PEO Mr. Adams.
(ii)Represents the grant date fair value of equity-based awards granted each year.
(iii)Represents the aggregate change in the actuarial present value of accumulated benefit under pension.
(iv)The additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.
(v)The additions to the SCT Total reflect the pension service cost calculated in accordance with the SEC methodology for determining CAP for each year shown.

Supplemental

Average Non-PEO Equity Component of CAP:

Year  Year End Fair
Value of Equity
Awards Granted in
the Year (i)
  Year over Year
Change in Fair
Value of
Outstanding Unvested
Equity Awards Granted in
Prior Years (i)
  Year over Year
Change in Fair
Value of Equity
Awards Granted in
Prior Years that
Vested in the Year (i)
  Total Equity
Award
Adjustments (ii)
2025        $1,625,982                  $2,028,376                  -$82,332              $3,572,027      
2024  $1,491,890   $2,374,817   $60,562   $3,927,269 
2023  $991,219   $1,084,299   $7,786   $2,083,304 
2022  $731,409   $1,360,288   $14,832   $2,106,529 
2021  $1,431,205   -$47,701   -$1,846   $1,381,658 
(i)The amounts include both Performance Share Units and Restricted Stock Unit awards.
(ii)Total Equity Award Adjustments includes dividend equivalents units earned in each fiscal year. No equity awards failed to meet vesting conditions for the fiscal years.
         
Compensation Actually Paid vs. Total Shareholder Return          
Compensation Actually Paid vs. Net Income

         
Compensation Actually Paid vs. Company Selected Measure

         
Total Shareholder Return Vs Peer Group          
Tabular List, Table
Most Important Financial Performance Measures
Adjusted Earnings per Share
Total Shareholder Return
Total Sales Growth
Adjusted Operating Margin
         
Total Shareholder Return Amount [2],[7] $ 483.25 310.45 194.36 145.07 119.86  
Peer Group Total Shareholder Return Amount [2],[8] 220.22 150.03 121.41 97.85 102.72  
Net Income (Loss) [2],[9] $ 484,228,000 $ 404,978,000 $ 354,509,000 $ 294,348,000 $ 267,159,000  
Company Selected Measure Amount | $ / shares [2],[10] 13.23 10.9 9.38 8.13 7.23  
PEO Name           Lynn M. Bamford
Measure:: 1            
Pay vs Performance Disclosure            
Name Adjusted Earnings per Share          
Measure:: 2            
Pay vs Performance Disclosure            
Name Total Shareholder Return          
Measure:: 3            
Pay vs Performance Disclosure            
Name Total Sales Growth          
Measure:: 4            
Pay vs Performance Disclosure            
Name Adjusted Operating Margin          
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [11] $ (3,851,762) $ (2,526,668) $ (864,041) $ (110,837) $ (639,485)  
PEO | Aggregate Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [12] 670,439 396,882 360,230 411,874 292,755  
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [13] (4,004,000) (3,491,250) (3,010,000) (2,441,259) (1,636,250)  
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [14],[15] 19,792,495 16,347,723 7,958,761 5,568,041 2,416,502  
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [16] 9,602,554 7,567,507 4,492,413 3,680,802 2,283,203  
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [16] 10,604,823 8,570,790 3,454,852 1,876,150 134,440  
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [16] (414,883) 209,427 11,496 11,088 (1,141)  
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [17] (540,364) (382,521) (180,323) (131,443) (57,090)  
Non-PEO NEO | Aggregate Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [18] 119,882 105,150 98,936 239,215 273,438  
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [19] (678,078) (688,349) (664,125) (485,155) (1,086,255)  
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [20] 3,572,027 [21] 3,927,269 [21] 2,083,304 [21] 2,106,528 1,381,658 [21]  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [5] 1,625,982 1,491,890 991,219 731,409 1,431,205  
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [5] 2,028,376 2,374,817 1,084,299 1,360,288 (47,701)  
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount [5] $ (82,332) $ 60,562 $ 7,786 14,832 $ (1,846)  
Non-PEO NEO | Non-PEO [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount       $ 2,106,529    
[1]
(b)For fiscal years 2025, 2024, 2023, 2022 and 2021, Lynn M. Bamford was the Principle Executive Officer (PEO) for the Company
[2] The Pay Versus Performance table reflects required disclosures for fiscal years 2025, 2024, 2023, 2022, and 2021.
[3] The Compensation Actually Paid (CAP) was calculated beginning with the PEO’s Summary Compensation Table (SCT) total then deducting the aggregate change in actuarial present value of her/his accumulated benefit under all defined benefit and actuarial pension plans reported in the SCT; deducting the amounts reported in the SCT for performance share and restricted stock unit awards; adding the pension service cost; adding the fair value as of the end of the covered fiscal year of all awards granted during the fiscal year that are outstanding and unvested as of the fiscal year-end; adding the amount equal to the change in fair value as of the end of the covered fiscal year, whether positive or negative, of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year; and adding the amount equal to the change in fair value as of the vesting date, whether positive or negative, of any award granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year. Relative to the PEO’s CAP, the following amounts were deducted from and added to SCT total compensation:

PEO SCT Total to CAP Reconciliation:

Fiscal
Year
  Summary
Compensation
Table Total
  Deductions
from SCT Total
for Equity
Awards (i)
  Deductions
from SCT Total
for Pension
Benefits (ii)
  Additions
to SCT Total
for Equity
Awards (iii)
  Additions
to SCT Total for
Pension Service
Costs (iv)
  CAP
2025    $14,135,280       -$ 4,004,000        -$ 3,851,762      $19,792,495       $670,439      $26,742,452 
2024  $11,585,909   -$ 3,491,250    -$ 2,526,668    $16,347,723   $396,882   $22,312,596 
2023  $8,562,311   -$ 3,010,000    -$ 864,041    $7,958,761   $360,230   $13,007,261 
2022  $4,462,698   -$ 2,441,259    -$ 110,837    $5,568,041   $411,874   $7,890,517 
2021  $4,491,811   -$ 1,636,250    -$ 639,485    $2,416,502   $292,755   $4,925,333 
(i)Represents the grant date fair value of equity-based awards granted each year.
(ii)Represents the aggregate change in the actuarial present value of accumulated benefit under pension.
(iii)The additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.
(iv)The additions to the SCT Total reflect the pension service cost calculated in accordance with the SEC methodology for determining CAP for each year shown.

Supplemental

PEO Equity Component of CAP:

Year  Year End Fair Value
of Equity Awards
Granted in the Year (i)
  Year over Year Change in
Fair Value of Outstanding
Unvested Equity Awards
Granted in Prior Years (i)
  Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior
Years that Vested in
the Year (i)
  Total
Equity
Award
Adjustments (ii)
2025         $9,602,554                  $10,604,823                  -$414,883              $19,792,495      
2024  $7,567,507   $8,570,790   $209,427   $16,347,723 
2023  $4,492,413   $3,454,852   $11,496   $7,958,761 
2022  $3,680,802   $1,876,150   $11,088   $5,568,041 
2021  $2,283,203   $134,440   -$1,141   $2,416,502 
(i)The amounts include both Performance Share Units and Restricted Stock Unit awards.
(ii)Total Equity Award Adjustments includes dividend equivalents units earned in each fiscal year. No equity awards failed to meet vesting conditions for the fiscal years.
[4]
(d)Each of the five fiscal years presented include the average SCT totals of the Non-PEO Named Executive Officers (NEOs) as applicable in each reporting year. For fiscal year 2025, non-PEO Named Executive Officers were: K. Christopher Farkas, Kevin M. Rayment, George McDonald, and John C. Watts. For fiscal year 2024 and 2023, non-PEO Named Executive Officers were: K. Christopher Farkas, Kevin M. Rayment, Paul J. Ferdenzi, and John C. Watts. For fiscal year 2022, non-PEO Named Executive Officers were: David C. Adams, K. Christopher Farkas, Kevin M. Rayment, Paul J. Ferdenzi, and John C. Watts. For fiscal year 2021, non-PEO Named Executive Officers were: David C. Adams, K. Christopher Farkas, Kevin M. Rayment, and Paul J. Ferdenzi.
[5] The amounts include both Performance Share Units and Restricted Stock Unit awards.
[6] The Average Compensation Actually Paid was calculated by averaging the following when applicable, by year, for the non-PEO NEOs; SCT total then deducting the aggregate change in actuarial present value of their accumulated benefit under all defined benefit and actuarial pension plans reported in the SCT; deducting the amounts reported in the SCT for performance share and restricted stock unit awards; adding the pension service cost; adding the fair value as of the end of the covered fiscal year of all awards granted during the fiscal year that are outstanding and unvested as of the fiscal year-end; adding the amount equal to the change in fair value as of the end of the covered fiscal, whether positive or negative, of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year; and adding the amount equal to the change in fair value as of the vesting date, whether positive or negative, of any award granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year. Relative to CAP, the following amounts were deducted from and added to SCT total compensation:

Average Non-PEO SCT Total to CAP Reconciliation:

Fiscal
Year
  Summary
Compensation
Table Total (i)
  Deductions
from SCT Total
for Equity
Awards (ii)
  Deductions
from SCT Total
for Pension
Benefits (iii)
  Additions
to SCT Total
for Equity
Awards (iv)
  Additions
to SCT Total
for Pension
Service
Costs (v)
  CAP
2025     $3,089,717         -$678,078          -$540,364       $3,572,027     $119,882     $5,563,184 
2024  $2,926,279   -$688,349    -$382,521    $3,927,269   $105,150   $5,887,828 
2023  $2,534,244   -$664,125    -$180,323    $2,083,304   $98,936   $3,872,036 
2022  $4,654,705   -$485,155    -$131,443    $2,106,528   $239,215   $6,383,850 
2021  $2,753,543   -$1,086,255    -$57,090    $1,381,658   $273,438   $3,265,294 
(i)The amount in 2022 is inflated due to the lump sum distribution from the Curtiss-Wright Corporation Retirement Benefits Restoration Plan for the prior PEO Mr. Adams.
(ii)Represents the grant date fair value of equity-based awards granted each year.
(iii)Represents the aggregate change in the actuarial present value of accumulated benefit under pension.
(iv)The additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.
(v)The additions to the SCT Total reflect the pension service cost calculated in accordance with the SEC methodology for determining CAP for each year shown.

Supplemental

Average Non-PEO Equity Component of CAP:

Year  Year End Fair
Value of Equity
Awards Granted in
the Year (i)
  Year over Year
Change in Fair
Value of
Outstanding Unvested
Equity Awards Granted in
Prior Years (i)
  Year over Year
Change in Fair
Value of Equity
Awards Granted in
Prior Years that
Vested in the Year (i)
  Total Equity
Award
Adjustments (ii)
2025        $1,625,982                  $2,028,376                  -$82,332              $3,572,027      
2024  $1,491,890   $2,374,817   $60,562   $3,927,269 
2023  $991,219   $1,084,299   $7,786   $2,083,304 
2022  $731,409   $1,360,288   $14,832   $2,106,529 
2021  $1,431,205   -$47,701   -$1,846   $1,381,658 
(i)The amounts include both Performance Share Units and Restricted Stock Unit awards.
(ii)Total Equity Award Adjustments includes dividend equivalents units earned in each fiscal year. No equity awards failed to meet vesting conditions for the fiscal years.
[7] The amount represents the value of an initial fixed $100 Investment in Curtiss-Wright stock on December 31, 2020 assuming reinvestment of all dividends.
[8] Peer group companies are the Aerospace & Defense Select Industry Index. The amount represents an initial fixed $100 Investment in the Company’s Peer Group on December 31, 2020 assuming reinvestment of all dividends.
[9] Reflects net income in the Company’s Consolidated Statement of Earnings included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2025, 2024, 2023, 2022, and 2021.
[10] Adjusted Earnings per Share, a non-GAAP measure, is calculated as net earnings from continuing operations as adjusted for the items (which is agreed by the Executive Compensation Committee) described in the Company’s fourth quarter 2025, 2024, 2023, 2022, and 2021 earning releases, respectively, furnished to the SEC on February 12, 2026, February 12, 2025, February 15, 2024, February 22, 2023, and February 24, 2022, respectively, divided by the number of weighted average diluted shares outstanding.
[11] Represents the aggregate change in the actuarial present value of accumulated benefit under pension.
[12] The additions to the SCT Total reflect the pension service cost calculated in accordance with the SEC methodology for determining CAP for each year shown.
[13] Represents the grant date fair value of equity-based awards granted each year.
[14] The additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.
[15] Total Equity Award Adjustments includes dividend equivalents units earned in each fiscal year. No equity awards failed to meet vesting conditions for the fiscal years.
[16] The amounts include both Performance Share Units and Restricted Stock Unit awards.
[17] Represents the aggregate change in the actuarial present value of accumulated benefit under pension.
[18] The additions to the SCT Total reflect the pension service cost calculated in accordance with the SEC methodology for determining CAP for each year shown.
[19] Represents the grant date fair value of equity-based awards granted each year.
[20] The additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.
[21] Total Equity Award Adjustments includes dividend equivalents units earned in each fiscal year. No equity awards failed to meet vesting conditions for the fiscal years.