Form 4: Moog Inc. Vice President Michael Schaff Reports Share Transactions

Moog Inc. Vice President Michael Schaff reports the acquisition of 461 Class B common shares and the disposal of 167 shares for tax purposes, along with adjustments to derivative holdings.

Summary

• Michael Schaff, a Vice President at Moog Inc., reported several transactions involving the company's Class B common stock.
• He acquired 461 shares of Class B common stock through the vesting of performance-based restricted stock units.
• These shares were granted on November 16, 2021, under the company's 2014 Long Term Incentive Plan.
• No price was paid for these shares as they were part of an equity incentive compensation plan.
• Additionally, 167 shares were disposed of to cover tax obligations related to the vesting of the restricted stock units at a price of $207.1 per share.
• Mr. Schaff also holds 2,136 Class B common shares directly and 899 shares indirectly through the Moog Inc. Retirement Savings Plan.
• The report also details his holdings of Stock Appreciation Rights (SARs) with various exercise prices and expiration dates.

Sentiment

Score: 6

Explanation: The document reflects standard insider trading activity, which is neither particularly positive nor negative. The vesting of shares is a positive sign, but the tax-related disposal is neutral.

Positives

• The vesting of performance-based restricted stock units indicates that performance goals were met, which is a positive sign for the company.
• The acquisition of shares by a company officer can be seen as a sign of confidence in the company's future.

Negatives

• The disposal of shares to cover tax obligations, while standard, does reduce the officer's direct holdings.

Risks

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

Industry Context

This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the trading activities of company officers.

Comparison to Industry Standards

• The reporting of insider transactions is a standard practice for publicly traded companies like Moog Inc.
• The use of stock options and restricted stock units as part of executive compensation is also a common practice among comparable companies in the aerospace and defense industry.
• Companies such as Lockheed Martin, Boeing, and General Dynamics also have similar reporting requirements for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine insider activity.
• The vesting of shares indicates that performance goals were met, which is a positive sign for employees.

Key Dates

Keywords

Moog Inc., Class B Common Stock, Stock Appreciation Rights, SAR, Restricted Stock Units, Insider Trading, Equity Compensation, Michael Schaff, Form 4