Form 4: Moog Inc. Director Donald R. Fishback Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Donald R. Fishback reports changes in beneficial ownership of Moog Inc. stock, including transactions involving trusts and stock appreciation rights.
Summary
- On September 24, 2024, Donald R. Fishback, a director of Moog Inc., reported changes in his beneficial ownership of the company's stock.
- The transactions involved Class A Common stock and Class B Common stock, as well as Stock Appreciation Rights (SARs).
- Several transactions involved the transfer of Class A Common stock from and to various trusts, including grantor retained annuity trusts and living trusts.
- Fishback also reported holdings in the Moog Inc. Retirement Savings Plan.
- The reported SARs are granted under the Moog Inc. 2014 Long Term Incentive Plan and become exercisable ratably over three years from the date of grant.
Sentiment
Score: 5
Explanation: This is a neutral report of insider transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies like Moog Inc. It provides transparency to investors regarding the trading activities of the company's directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- The use of trusts for holding and transferring shares is a common estate planning strategy among executives.
- Stock Appreciation Rights (SARs) are a typical component of executive compensation packages in many industries, including aerospace and defense, where Moog Inc. operates.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions themselves may have a negligible impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 09/24/2024 | Date of earliest transaction reported. |
| 09/25/2024 | Date of signature for the report. |
| 11/17/2025 | Expiration date for some Stock Appreciation Rights. |
| 11/15/2026 | Expiration date for some Stock Appreciation Rights. |
| 11/14/2027 | Expiration date for some Stock Appreciation Rights. |
| 11/13/2028 | Expiration date for some Stock Appreciation Rights. |
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