Form 4: Moog Inc. Executive Michael A. Schaff Reports Share Transactions

Moog Inc. Vice President Michael A. Schaff reports the acquisition of 267 Class B shares and the disposal of 97 Class B shares to cover tax obligations on a vesting award.

Summary

• Michael A. Schaff, a Vice President at Moog Inc., reported transactions involving the company's Class B common stock.
• On November 14, 2024, Mr. Schaff acquired 267 Class B shares as part of a vesting award.
• He also disposed of 97 Class B shares to cover tax obligations related to the vesting.
• Following these transactions, Mr. Schaff directly owns 2,306 Class B shares and indirectly owns 899 shares through a 401(k) plan.
• Mr. Schaff also holds various Stock Appreciation Rights (SARs) that become exercisable over three years from their grant dates.

Sentiment

Score: 6

Explanation: The document reflects routine insider transactions related to executive compensation. There is no indication of positive or negative sentiment, it is a neutral reporting of events.

Positives

• The vesting of the award indicates a positive performance or tenure milestone for Mr. Schaff.
• The acquisition of 267 shares increases his direct stake in the company.

Negatives

• The disposal of 97 shares, while for tax purposes, slightly reduces his direct holdings.

Risks

• The value of the Stock Appreciation Rights (SARs) is dependent on the future performance of Moog Inc.'s stock price.
• Changes in tax laws could impact the value of the shares and SARs.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting of stock awards and the subsequent tax withholding are common forms of executive compensation.
• The use of Stock Appreciation Rights (SARs) is a typical long-term incentive mechanism used by many companies, including those in the aerospace and defense sector, where Moog operates.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.
• The filing provides transparency to the market regarding insider transactions.

Key Dates

Keywords

Moog Inc., Class B Common Stock, Stock Appreciation Rights, SAR, Vesting, Executive Compensation, Form 4, Insider Trading, Share Transactions