Form 4: Moog Inc. CEO Patrick Roche Reports Stock Transactions

Patrick Roche, CEO of Moog Inc., reports the exercise of stock appreciation rights and subsequent disposition of shares to cover tax obligations.

Summary

• Patrick J. Roche, CEO of Moog Inc., filed a Form 4 detailing changes in beneficial ownership.
• On November 7, 2024, Roche exercised 5,000 Class A Common stock appreciation rights (SARs) at a price of $74.38.
• As a result of the exercise, 3,295 shares were disposed of to cover tax obligations at a price of $226.58 per share.
• Following these transactions, Roche directly owns 18,332 shares of Class A Common stock and 10,400 shares of Class B Common stock.
• He also indirectly owns 466 shares of Class B Common stock through the Moog Inc. Retirement Savings Plan.
• Roche holds various SARs granted under the 2008 and 2014 incentive plans, exercisable at different prices and expiration dates.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting required insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
• Executive compensation packages often include stock options and SARs, aligning management's interests with those of shareholders.
• The exercise of SARs and subsequent sale of shares to cover taxes is a typical scenario.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the exercise of existing stock appreciation rights and a small number of shares.
• The filing provides transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates