Form 4: Moody's Corp CEO Robert Fauber Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4
Robert Fauber, President and CEO of Moody's Corporation, exercised stock options and sold shares of common stock on November 1, 2024, according to a pre-arranged Rule 10b5-1 trading plan.
Summary
- On November 1, 2024, Robert Fauber, the President and CEO of Moody's Corporation, executed stock options to acquire common stock at prices of $80.81, $94.18, and $113.34.
- He acquired 56, 134, and 91 shares respectively through these option exercises.
- Simultaneously, Mr. Fauber sold 281 shares of Moody's common stock at a price of $455.98 per share.
- These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on July 30, 2024.
- Following these transactions, Mr. Fauber directly owns 61,354.364 shares of Moody's common stock.
- He also holds derivative securities, specifically employee stock options, for 1,286, 3,083, and 8,610 shares at exercise prices of $80.81, $94.18, and $113.34 respectively.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. The use of a 10b5-1 plan suggests a planned and orderly approach to managing stock holdings.
Industry Context
This filing is a routine disclosure of insider transactions. It is common for executives to use Rule 10b5-1 plans to manage their stock holdings and avoid accusations of insider trading.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders, as they are part of a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 02/12/2017 | First vesting date for some employee stock options. |
| 07/01/2017 | First vesting date for some employee stock options. |
| 02/23/2018 | First vesting date for some employee stock options. |
| 02/12/2026 | Expiration date for some employee stock options. |
| 07/01/2026 | Expiration date for some employee stock options. |
| 02/23/2027 | Expiration date for some employee stock options. |
| 07/30/2024 | Date Mr. Fauber adopted the Rule 10b5-1 plan. |
| 11/01/2024 | Date of the stock option exercises and share sale. |
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