Form 4: Moog CFO Jennifer Walter Reports Equity Grants
Executive Compensation Grant
Moog Inc.'s CFO, Jennifer Walter, reported the grant of 1,532 Restricted Stock Units and multiple Stock Appreciation Rights as part of her compensation.
Summary
- Jennifer Walter, the Chief Financial Officer of Moog Inc., reported new equity grants as part of her compensation package.
- The grants include 1,532 Restricted Stock Units (RSUs) and several tranches of Stock Appreciation Rights (SARs).
- The RSUs, granted on November 11, 2025, will vest in three equal installments on November 15, 2026, November 15, 2027, and November 15, 2028.
- SARs were granted with various exercise prices ranging from $71.648 to $85.95, and have expiration dates between November 15, 2026, and November 16, 2031.
- SARs become exercisable ratably over three years, commencing on the first anniversary of their respective grant dates.
- Following these transactions, Jennifer Walter directly owns 10,434 Class B Common shares and 4,604 Class A Common shares.
- She also indirectly owns 770 Class B Common shares through a 401(k) plan and beneficially owns 1,532 RSUs and a total of 30,825 SARs.
Sentiment
Score: 6
Explanation: Slightly positive as it reflects ongoing executive compensation and alignment of interests, but otherwise a routine disclosure of an insider transaction.
Positives
- The grant of RSUs and SARs aligns executive compensation with the long-term performance and shareholder value creation of Moog Inc.
- These equity awards are a standard component of the CFO's compensation, indicating continued commitment to the company.
Negatives
- No immediate negative implications for the company are apparent from this routine compensation filing.
Future Outlook
The vesting schedules for the Restricted Stock Units and Stock Appreciation Rights indicate future equity compensation realization for the CFO, aligning her incentives with Moog Inc.'s long-term performance and strategic objectives.
Industry Context
Executive equity compensation, particularly through Restricted Stock Units and Stock Appreciation Rights, is a standard practice in publicly traded companies across various sectors, including the aerospace and defense industry where Moog Inc. operates. This structure aims to incentivize long-term performance and align management interests with those of shareholders.
Comparison to Industry Standards
- The utilization of RSUs and SARs as components of executive compensation is a common practice across diverse industries, including the aerospace and defense sector in which Moog Inc. operates.
- The specified vesting schedules, typically involving a three-year ratable period for SARs and annual vesting over three years for RSUs, are consistent with standard long-term incentive plans.
- While specific comparable companies or projects are not detailed in this filing, similar compensation structures are observed at industry peers such as Parker Hannifin, Honeywell, and Raytheon Technologies (formerly Rockwell Collins).
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Plan Reference | The Restricted Stock Units were granted under the Moog Inc. 2025 Long Term Incentive Plan, and the Stock Appreciation Rights were granted under the Moog Inc. 2014 Long Term Incentive Plan, indicating established frameworks for executive compensation. | 11/11/2025 | Reinforces the company's adherence to structured long-term incentive programs for its executives. |
Stakeholder Impact
- Shareholders: The equity grants are designed to align the CFO's long-term financial interests with the creation of shareholder value. The potential dilution from RSU conversion is minimal.
- Management: The compensation package, including these equity awards, serves to incentivize and retain key executive talent like the CFO.
Next Steps
- Vesting of 33.33% of the 1,532 RSUs on November 15, 2026.
- Vesting of 33.33% of the 1,532 RSUs on November 15, 2027.
- Vesting of 33.33% of the 1,532 RSUs on November 15, 2028.
- Stock Appreciation Rights will become exercisable ratably over three years from their respective grant dates.
Key Dates
| Date | Description |
|---|---|
| 11/11/2025 | Date of earliest transaction, representing the grant date for 1,532 Restricted Stock Units (RSUs). |
| 11/13/2025 | Signature date of the reporting person's Power of Attorney for the filing. |
| 11/15/2026 | First vesting date for 33.33% of the 1,532 RSUs; Expiration date for 2,000 Stock Appreciation Rights (SARs) with an exercise price of $71.648. |
| 11/14/2027 | Expiration date for 1,611 Stock Appreciation Rights (SARs) with an exercise price of $82.31. |
| 11/15/2027 | Second vesting date for 33.33% of the 1,532 RSUs. |
| 11/13/2028 | Expiration date for 1,741 Stock Appreciation Rights (SARs) with an exercise price of $80.19. |
| 11/15/2028 | Third and final vesting date for 33.33% of the 1,532 RSUs. |
| 11/12/2029 | Expiration date for 11,323 Stock Appreciation Rights (SARs) with an exercise price of $85.95. |
| 11/17/2030 | Expiration date for 7,611 Stock Appreciation Rights (SARs) with an exercise price of $73.39. |
| 11/16/2031 | Expiration date for 6,539 Stock Appreciation Rights (SARs) with an exercise price of $83. |
Keywords
Moog Inc., MOGA, MOGB, Jennifer Walter, CFO, Form 4, SEC filing, Restricted Stock Units, RSUs, Stock Appreciation Rights, SARs, executive compensation, equity grant, insider transaction
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