Form 4: Moog Inc. Executive Mark Trabert Reports Share Transactions Following Vesting of Stock Awards

Chief Operating Officer of Moog Inc., Mark Trabert, reports the acquisition of 376 Class B shares and the disposal of 192 Class B shares to cover tax obligations following the vesting of a stock award.

Summary

• Mark Trabert, Chief Operating Officer of Moog Inc., reported transactions involving Class B common stock on November 14, 2024.
• He acquired 376 Class B shares upon the vesting of a fixed dollar-denominated time vesting award (TVA).
• 192 Class B shares were disposed of to cover tax withholding obligations related to the vesting of the TVA.
• Following these transactions, Trabert directly owns 12,601 Class B shares and indirectly owns 898 shares through a 401(k) plan.
• Trabert also holds several Stock Appreciation Rights (SARs) that vest over time, with various exercise prices and expiration dates.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative events. The transactions are routine and expected.

Positives

• The vesting of the time vesting award indicates that Trabert is meeting the conditions of his compensation package.
• The increase in direct share ownership shows a continued alignment of interests between the executive and the company's shareholders.

Negatives

• The disposal of 192 shares to cover tax obligations reduces the total number of shares directly held by Trabert.

Risks

• The value of the SARs is dependent on the future performance of Moog Inc.'s stock price.
• Changes in tax laws could impact the value of the stock awards and the tax obligations of the executive.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of executive stock transactions and is typical for publicly traded companies. It provides transparency into the compensation and ownership structure of the company's leadership.

Comparison to Industry Standards

• Executive compensation packages often include stock awards and stock appreciation rights to align management's interests with shareholders, which is a common practice among publicly traded companies like Moog Inc.
• The vesting schedules and tax withholding practices are standard procedures in executive compensation plans, similar to those seen at companies like Boeing, Lockheed Martin, and General Dynamics.
• The use of SARs is a common method for incentivizing long-term performance, comparable to practices at other aerospace and defense companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
• The vesting of stock awards and the disposal of shares for tax obligations are standard procedures and do not indicate any significant change in the company's financial health or management's commitment.

Key Dates

Keywords

Moog Inc, Mark Trabert, Class B Common Stock, Stock Appreciation Rights, Time Vesting Award, SEC Form 4, Executive Compensation, Share Transactions