Form 4: Jose Minaya Reports Acquisition of Phantom Stock Units in Moody's Corp
SEC Form 4 Filing
Director Jose Minaya reported the acquisition of phantom stock units in Moody's Corporation due to deferred retainer fees.
Summary
- On October 1, 2024, Jose Minaya, a director of Moody's Corporation, acquired 63.64 phantom stock units as a result of electing to defer retainer fees.
- These phantom stock units convert to common stock on a one-for-one basis and will be settled in cash after Minaya's retirement.
- Following the transaction, Minaya beneficially owns 768.272 phantom stock units directly.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a common practice for directors and officers of publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves deferred compensation in the form of phantom stock units.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Jose Minaya acquired phantom stock units. |
| 10/02/2024 | Date of signature by power of attorney. |
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