Form 4: Moog Inc. Executive Paul Wilkinson Reports Share Transactions

Moog Inc. Vice President Paul Wilkinson reports the acquisition and disposal of Class B common stock, along with holdings in stock appreciation rights.

Summary

• Paul Wilkinson, a Vice President at Moog Inc., reported transactions involving the company's stock on November 14, 2024.
• He acquired 267 Class B common shares as part of a vesting award at a price of $0.
• He disposed of 123 Class B common shares at $222 per share to cover tax obligations related to the vesting.
• Following these transactions, Wilkinson directly owns 5,273 Class B common shares and 369 Class A common shares.
• He also indirectly owns 198 Class A common shares through a Share Incentive Plan (SIP) and 1,817 Class B common shares through a 401(k) plan.
• Wilkinson holds various Stock Appreciation Rights (SARs) that become exercisable over three years from their grant dates.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions, which are neither particularly positive nor negative. The vesting of awards and tax obligations are expected events.

Positives

• The vesting of the time vesting award resulted in the acquisition of 267 Class B shares at no cost to the executive.
• The executive continues to hold a significant number of shares and SARs, indicating a continued alignment with the company's performance.

Negatives

• The disposal of 123 Class B shares to cover tax obligations resulted in a reduction of the executive's 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

• The reporting of stock transactions by executives is a standard practice for publicly listed companies, as mandated by the SEC.
• The use of Stock Appreciation Rights (SARs) as part of executive compensation is a common practice in the industry, aligning executive interests with shareholder value.
• The vesting schedule of the SARs, ratably over three years, is also a typical approach to incentivize long-term performance.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
• The continued holding of shares and SARs by the executive indicates a continued alignment of interests with shareholders.

Key Dates

Keywords

Moog Inc., Stock Appreciation Rights, SAR, Class B Common Stock, Class A Common Stock, Share Incentive Plan, 401(k), Executive Compensation, Form 4, Insider Trading