Form 4: Moog Inc. Executive Mark Graczyk Reports Share Transactions Following Vesting of Time-Based Award

Moog Inc. Vice President Mark Graczyk reports the acquisition of 267 Class B shares and the disposal of 118 shares to cover tax obligations following the vesting of a time-based award.

Summary

• Mark Graczyk, a Vice President at Moog Inc., reported transactions involving Class B common stock on November 14, 2024.
• He acquired 267 Class B shares upon the vesting of a time-based award (TVA).
• 118 Class B shares were disposed of to cover tax withholding obligations related to the vesting.
• Following these transactions, Mr. Graczyk directly owns 1,809 Class B shares and indirectly owns 1,045 shares through a 401(k) plan.
• He also holds various Stock Appreciation Rights (SARs) that vest over time.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any unusual or concerning activity. The transactions are routine and expected.

Industry Context

This is a routine filing related to executive compensation and is typical for publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• The vesting of time-based awards and the subsequent tax withholding are standard practices in executive compensation packages across various industries.
• The use of Stock Appreciation Rights (SARs) is also a common method for incentivizing executives, aligning their interests with the company's long-term performance.
• Companies like Lockheed Martin, Boeing, and General Dynamics also use similar compensation structures for their executives.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of a pre-determined compensation plan.
• The tax withholding ensures compliance with tax regulations.

Key Dates

Keywords

Moog Inc., insider trading, Form 4, stock appreciation rights, Class B shares, time-based award, executive compensation, share vesting