Form 4: Moog Director Exercises SARs, Adjusts Holdings
Insider Transaction
Moog Inc. Director John Scannell exercised Stock Appreciation Rights and adjusted his beneficial ownership of Class A Common stock.
Summary
- John Scannell, a Director of Moog Inc., executed transactions on October 28, 2025, involving Stock Appreciation Rights (SARs).
- He exercised 5,000 SARs with an exercise price of $63.04, resulting in the acquisition of 5,000 Class A Common shares.
- Concurrently, 3,282 Class A Common shares were disposed of at a price of $211.58 to satisfy tax withholding obligations related to the SAR exercise.
- Following these transactions, Mr. Scannell directly owns 41,040 Class A Common shares and 35,783 Class B Common shares.
- Indirect beneficial ownership includes 30,846 Class A Common shares (through spouse) and 3,549 Class B Common shares (in 401(k) plan).
- He retains various tranches of unexercised SARs with exercise prices ranging from $71.648 to $85.95, expiring between November 2026 and November 2031.
Sentiment
Score: 7
Explanation: The director exercised SARs at a significant profit, indicating a realization of value from their equity compensation. While some shares were sold for tax purposes, the underlying transaction reflects a positive gain for the insider, which can be viewed favorably by the market.
Positives
- The exercise of Stock Appreciation Rights (SARs) at an exercise price of $63.04 when the Fair Market Value (FMV) was $211.58 indicates a significant gain for the insider, reflecting an increase in the company's stock value.
- The transaction demonstrates the realization of value from long-term incentive plans, which can be a positive signal regarding the company's performance over time.
Negatives
- A portion of the acquired shares (3,282 Class A Common shares) was immediately disposed of to cover tax withholding obligations, reducing the direct beneficial ownership of the insider.
Future Outlook
This Form 4 filing primarily reports past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
Insider transactions, such as the exercise of stock appreciation rights and subsequent share dispositions for tax purposes, are routine events across all industries for executives and directors. They reflect the compensation structure and personal financial planning of insiders rather than specific industry trends.
Stakeholder Impact
- Shareholders: May view the insider's realization of value from SARs as a positive indicator of the company's stock performance and management's alignment with shareholder interests, despite the tax-related sale.
Key Dates
| Date | Description |
|---|---|
| 10/28/2025 | Date of transaction for SAR exercise and share disposition. |
| 11/17/2025 | Expiration date for 5,000 SARs with an exercise price of $63.04 (these were exercised). |
| 11/15/2026 | Expiration date for 20,000 SARs with an exercise price of $71.648. |
| 11/14/2027 | Expiration date for 18,543 SARs with an exercise price of $82.31. |
| 11/13/2028 | Expiration date for 27,949 SARs with an exercise price of $80.19. |
| 11/12/2029 | Expiration date for 33,969 SARs with an exercise price of $85.95. |
| 11/17/2030 | Expiration date for 25,130 SARs with an exercise price of $73.39. |
| 11/16/2031 | Expiration date for 23,352 SARs with an exercise price of $83. |
| 10/30/2025 | Date the Form 4 was signed by the reporting person's Power of Attorney. |
Keywords
Moog Inc., MOGA, MOGB, Form 4, Insider Trading, Stock Appreciation Rights, SARs, Director, Equity Compensation, Beneficial Ownership
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