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

A Moog Inc. Vice President, Joseph J Alfieri III, reported the acquisition and disposal of Class B common stock following the vesting of a time-based award and subsequent tax withholding.

Summary

• Joseph J Alfieri III, a Vice President at Moog Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• The transactions occurred on November 14, 2024, and involved the vesting of a fixed dollar-denominated time vesting award (TVA) granted on November 14, 2023.
• Upon vesting, Mr. Alfieri received 267 Class B shares at a price of $0.
• Additionally, 97 Class B shares were withheld at a price of $222 to cover tax obligations related to the vesting.
• Following these transactions, Mr. Alfieri directly owns 2,049 Class B shares and indirectly owns 526 shares through the Moog Inc. Retirement Savings Plan.
• The report also includes details of Stock Appreciation Rights (SARs) granted under the company's 2014 Long Term Incentive Plan, which vest over three years.

Sentiment

Score: 7

Explanation: The document is a routine filing of executive stock transactions, which is neither positive nor negative. The transactions are part of a pre-existing compensation plan, and the sentiment is neutral to slightly positive due to the alignment of executive interests with company performance.

Industry Context

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

Comparison to Industry Standards

• The vesting of time-based awards and subsequent tax withholding are standard practices in executive compensation across various industries.
• Stock Appreciation Rights (SARs) are a common form of long-term incentive used by companies like Moog to align executive interests with shareholder value.
• Companies such as 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-existing compensation plan.
• The vesting of stock awards and SARs aligns executive interests with the long-term performance of the company.

Key Dates

Keywords

Form 4, Moog Inc, Stock Transactions, Beneficial Ownership, Time Vesting Award, Stock Appreciation Rights, SARs, Executive Compensation