MOG-A.NYSEMoog INC

Form 4: Moog Inc. Director Donald R. Fishback Reports Stock Transactions

Sentiment:

SEC Form 4 Filing


Director Donald R. Fishback of Moog Inc. reported acquiring 604 shares of Class B Common stock and holding various other shares and stock appreciation rights through trusts and retirement plans.

Summary

  • Donald R. Fishback, a director at Moog Inc., reported a transaction on November 12, 2024, involving the acquisition of 604 shares of Class B Common stock.
  • These shares were acquired as a stock bonus under the company's 2014 Long Term Incentive Plan.
  • The report also details Mr. Fishback's beneficial ownership of various Class A Common shares held indirectly through several trusts, including grantor retained annuity trusts and living trusts.
  • Additionally, the report outlines his holdings of Class B Common shares through the Moog Inc. Retirement Savings Plan.
  • Mr. Fishback also holds several Stock Appreciation Rights (SARs) which become exercisable over three years from their grant dates.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative in itself. The director's continued participation in incentive plans and long-term holdings are a positive sign.

Positives

  • The acquisition of 604 Class B Common shares indicates continued participation in the company's incentive plans by a director.
  • The director's significant holdings through various trusts and retirement plans demonstrate a long-term commitment to the company.

Industry Context

This filing is a routine disclosure of insider transactions, which is a standard practice for publicly traded companies like Moog Inc. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

  • Form 4 filings are a standard requirement for all publicly traded companies in the United States, ensuring transparency of insider transactions.
  • The reported transactions are typical for directors who receive stock-based compensation and hold shares through various trusts and retirement plans.
  • The use of Stock Appreciation Rights (SARs) is a common practice in executive compensation packages across various industries.

Stakeholder Impact

  • The disclosure provides transparency to shareholders regarding the holdings of a company director.
  • The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

DateDescription
11/12/2024Date of the reported transaction where 604 Class B Common shares were acquired.
11/17/2025Date when SARs for 3,333 Class A Common shares and 6,667 Class B Common shares become exercisable.
11/15/2026Date when SARs for 10,000 Class B Common shares become exercisable.
11/14/2027Date when SARs for 6,181 Class B Common shares become exercisable.
11/13/2028Date when SARs for 6,988 Class B Common shares become exercisable.
11/14/2024Date of the signature on the Form 4 filing.

Keywords

Moog Inc., stock ownership, Form 4, insider trading, Donald R. Fishback, stock appreciation rights, equity securities, beneficial ownership, trusts, retirement plan

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