Form 4: Moog Director Exercises SARs, Boosts Class B Holdings

Moog Inc. Director Peter J. Gundermann exercised Stock Appreciation Rights, resulting in a net increase of 1,710 Class B Common shares in his direct beneficial ownership.

Summary

• Peter J. Gundermann, a Director of Moog Inc., executed transactions on October 28, 2025.
• He exercised 2,500 Stock Appreciation Rights (SARs) granted under the Moog Inc. 2014 Long Term Incentive Plan.
• The SARs had an exercise price of $65.90, and the fair market value (FMV) on the exercise date was $208.7731.
• As a result of the SAR exercise, 2,500 Class B Common shares were acquired.
• Concurrently, 790 Class B Common shares were disposed of, likely to cover tax obligations related to the SAR exercise, at a price of $208.7731 per share.
• Following these transactions, Mr. Gundermann's direct beneficial ownership of Class B Common shares increased by a net of 1,710 shares, totaling 10,970 shares.
• His direct beneficial ownership of Class A Common shares remains at 3,909 shares.
• All SARs previously held were exercised, resulting in 0 SARs beneficially owned.

Sentiment

Score: 7

Explanation: The exercise of Stock Appreciation Rights by a director, resulting in a net increase in share ownership, is generally viewed positively as it aligns management's interests with shareholders and indicates confidence in the company's long-term value. The disposition of shares for tax purposes is a standard practice and does not detract significantly from the positive sentiment.

Positives

• Director Peter J. Gundermann exercised 2,500 Stock Appreciation Rights, indicating the realization of value from long-term incentives.
• The exercise resulted in a net increase of 1,710 Class B Common shares in the director's direct beneficial ownership, signaling continued alignment with shareholder interests.
• The fair market value of $208.7731 on the exercise date is significantly higher than the SAR exercise price of $65.90, demonstrating substantial appreciation.

Negatives

• 790 Class B Common shares were disposed of, reducing the total number of shares held, although this was likely for tax withholding purposes.

Future Outlook

NA

Industry Context

This routine insider transaction reflects a director's exercise of long-term equity incentives, a common occurrence across industries for executive compensation. It does not provide broader insights into Moog Inc.'s industry position or market trends.

Stakeholder Impact

• Shareholders: Minor positive impact as a director increases their direct stake, signaling confidence.

Key Dates

Keywords

Moog Inc., MOGA, MOGB, Peter J. Gundermann, Director, Insider Transaction, Form 4, Stock Appreciation Rights, SARs, Equity Compensation, Share Ownership