Form 4: Moog Inc. Vice President Michael A. Schaff Reports Share Transactions Following Vesting of Time-Based Awards

Moog Inc. Vice President Michael A. Schaff reported the acquisition and disposal of Class B common stock following the vesting of time-based awards and tax withholdings.

Summary

• Michael A. Schaff, a Vice President at Moog Inc., reported several transactions involving Class B common stock.
• On November 15, 2024, Schaff acquired 65 Class B shares upon the vesting of a time-based award and disposed of 24 shares to cover tax obligations at a price of $215.62 per share.
• On November 16, 2024, Schaff acquired 42 Class B shares from another time-based award vesting and disposed of 16 shares for tax obligations at $215.62 per share.
• Schaff also holds 899 Class B shares indirectly through a 401(k) plan.
• Additionally, Schaff holds various Stock Appreciation Rights (SARs) that vest over time, with exercise prices ranging from $73.39 to $85.95.

Sentiment

Score: 6

Explanation: The document reflects routine 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 time-based awards indicates a form of compensation and incentive for the executive.
• The executive's continued holding of shares through the 401(k) plan shows a long-term commitment to the company.
• The Stock Appreciation Rights (SARs) provide potential future gains based on the company's stock performance.

Negatives

• The disposal of shares to cover tax obligations reduces the executive's direct shareholding.
• The transactions are not open market purchases, but rather the result of vesting and tax obligations.

Risks

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

Future Outlook

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

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It reflects the compensation structure and equity-based incentives provided to executives.

Comparison to Industry Standards

• Equity-based compensation, including stock awards and SARs, is a standard practice for executive compensation in publicly traded companies like Moog Inc.
• The vesting schedules and tax withholding practices are consistent with typical corporate policies.
• Companies such as Woodward Inc. and Curtiss-Wright Corporation also use similar equity-based compensation methods for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation and do not represent a significant change in the company's ownership structure.
• The vesting of awards and tax withholdings are part of the company's compensation strategy for its executives.

Key Dates

Keywords

Moog Inc., Class B Common Stock, Stock Appreciation Rights, Time-Based Awards, SEC Form 4, Insider Trading, Executive Compensation, Share Vesting, Tax Withholding