Form 4: Jose Minaya Reports Acquisition of Phantom Stock Units in Moody's Corp

Director Jose Minaya reported the acquisition of phantom stock units in Moody's Corporation on April 1, 2024, convertible to common stock and settled in cash upon retirement.

Summary

• Jose Minaya, a director of Moody's Corporation, filed a Form 4 on April 2, 2024, reporting a transaction.
• On April 1, 2024, Minaya acquired 76.163 phantom stock units due to deferred retainer fees.
• These units convert to common stock on a one-for-one basis and will be settled in cash after Minaya's retirement.
• Following the reported transaction, Minaya directly owns 632.876 derivative securities.
• The price of the derivative security is $393.89.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of deferred compensation, which is generally viewed neutrally. The acquisition of phantom stock units is a positive sign of alignment between the director and the company's long-term performance.

Future Outlook

The phantom stock units will be settled in cash after the reporting person's retirement.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.

Key Dates