Form 4: Moody's Director Jose Minaya Increases Stake with Phantom Stock Unit Acquisition

Moody's Corporation Director Jose Minaya has acquired 58.89 phantom stock units as deferred compensation, increasing his beneficial ownership to 960.3 units.

Summary

• Jose Minaya, a Director of Moody's Corp (MCO), acquired 58.89 Phantom Stock Units on July 1, 2025.
• These units were acquired as part of his election to defer receipt of retainer fees.
• The Phantom Stock Units convert to common stock on a one-for-one basis.
• The units are designated to be settled in cash after Minaya's retirement.
• The valuation price for the acquired units was $502.48 per unit.
• Following this transaction, Jose Minaya beneficially owns a total of 960.3 Phantom Stock Units.

Sentiment

Score: 7

Explanation: The acquisition of additional phantom stock units by a director, particularly as deferred compensation, is generally a positive signal, indicating alignment of interests and confidence in the company's long-term performance. While not a direct cash investment, it increases the director's stake.

Positives

• Director Jose Minaya increased his beneficial ownership in Moody's by acquiring 58.89 phantom stock units.
• The acquisition of units through deferred compensation indicates a long-term commitment and alignment of interests between the director and shareholders.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing for a director's deferred compensation, common across publicly traded companies, and does not reflect broader industry trends or competitive shifts within the financial services or credit rating sectors.

Related Party Transactions

• Acquisition of 58.89 Phantom Stock Units by Director Jose Minaya as deferred compensation for retainer fees.

Stakeholder Impact

• Shareholders: Increased alignment of interests between a director and shareholders due to increased beneficial ownership.

Key Dates

Recommendation

Keywords

Moody's, MCO, SEC Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, Director Ownership, Corporate Governance