Wood used the late charge to notch his second Champions Tour victory in three events, finishing with a round of 6-under-par 66.
He ended at 14-under 202 -- one shot better than Glasson, who came into the final round with a four-shot lead.
Glasson was done in by five bogeys over the last eight holes on his way to an even-par 72 Sunday.
Peter Senior (69) carded four straight birdies down the stretch, ending at minus-12 with a round of 3-under 69.
Celebrity Families of 2014 [PHOTOS]