Form 4: Moog Inc. CEO Patrick Roche Reports Share Transactions Following Vesting of Time-Based Award

Moog Inc.'s CEO, Patrick Roche, acquired and disposed of Class B common stock due to the vesting of a time-based award and subsequent tax obligations.

Summary

• Patrick Roche, CEO of Moog Inc., reported transactions involving Class B common stock on November 14, 2024.
• These transactions occurred due to the vesting of a fixed dollar-denominated time vesting award (TVA) granted on November 14, 2023.
• Mr. Roche acquired 1,690 Class B shares upon the vesting of the first tranche of the TVA.
• Additionally, 863 Class B shares were disposed of to cover tax withholding obligations related to the vesting.
• Mr. Roche also holds 18,332 Class A common shares directly and 466 Class B common shares indirectly through a 401(k) plan.
• The report also details various Stock Appreciation Rights (SARs) held by Mr. Roche, which vest over three years from their grant dates.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading disclosures. There are no indications of negative or positive surprises, so the sentiment is neutral to slightly positive due to the vesting of the award.

Positives

• The vesting of the time-based award indicates a positive performance milestone for the CEO.
• The report shows continued ownership of a significant number of shares by the CEO, aligning his interests with shareholders.

Negatives

• The disposal of shares to cover tax obligations resulted in a reduction of the CEO's direct holdings of Class B shares.

Risks

• The value of the Stock Appreciation Rights (SARs) is dependent on the future performance of Moog Inc.'s stock price.
• Changes in tax laws could impact the value of the vested shares and the tax obligations.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and transactions of key executives.

Comparison to Industry Standards

• The reporting of insider transactions is a standard practice for all publicly listed companies in the US, as mandated by the SEC.
• The vesting of time-based awards and the subsequent tax-related share disposals are common forms of executive compensation.
• Companies like Boeing, Lockheed Martin, and General Dynamics also report similar insider transactions for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
• The report provides transparency to stakeholders regarding the CEO's holdings and transactions.

Key Dates

Keywords

Moog Inc, Patrick Roche, Class B Common Stock, Stock Appreciation Rights, Time Vesting Award, SEC Form 4, Insider Trading, Executive Compensation