Form 4: Moog Inc. CFO Jennifer Walter Reports Share Transactions
SEC Form 4 Filing
Moog Inc.'s CFO, Jennifer Walter, reported the acquisition and disposal of Class B common stock, along with holdings in stock appreciation rights.
Summary
- Jennifer Walter, CFO of Moog Inc., reported several transactions involving the company's stock.
- On November 14, 2024, she acquired 488 Class B common shares at $0 due to the vesting of a time-vesting award.
- She also disposed of 250 Class B common shares at $222 to cover tax obligations related to the vesting.
- Following these transactions, she directly owns 9,489 Class B common shares and 4,381 Class A common shares.
- Additionally, she indirectly holds 765 Class B common shares through a 401(k) plan.
- The report also details her holdings of various stock appreciation rights (SARs) which vest over time.
Sentiment
Score: 7
Explanation: The document is a routine filing of insider transactions, which is neither positive nor negative. The transactions are expected as part of executive compensation.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The reported transactions are typical for executives who receive stock-based compensation and are required to report these activities to the SEC.
- The vesting schedule of the SARs is also a common practice in executive compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/14/2023 | Date of the initial fixed dollar-denominated time vesting award (TVA) received by the reporting person. |
| 11/14/2024 | Date of the reported stock transactions, including acquisition and disposal of Class B shares. |
| 11/17/2025 | First date of exercisability for some of the SARs. |
| 11/15/2026 | First date of exercisability for some of the SARs. |
| 11/14/2027 | First date of exercisability for some of the SARs. |
| 11/13/2028 | First date of exercisability for some of the SARs. |
| 11/12/2029 | First date of exercisability for some of the SARs. |
| 11/17/2030 | First date of exercisability for some of the SARs. |
| 11/16/2031 | First date of exercisability for some of the SARs. |
| 11/18/2024 | Date the form was signed. |
Keywords
Moog Inc., Jennifer Walter, CFO, stock transactions, Class B common stock, Class A common stock, stock appreciation rights, SARs, time-vesting award, tax withholding
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