Form 4: Moog Inc. Vice President Paul Wilkinson Reports Share Transactions
SEC Form 4 Filing
Moog Inc. Vice President Paul Wilkinson reports the acquisition and disposal of Class B common stock due to vesting of time-based awards and tax obligations.
Summary
- Paul Wilkinson, a Vice President at Moog Inc., reported several transactions involving the company's Class B common stock.
- On November 15, 2024, he acquired 256 Class B shares upon the vesting of a time-based award and disposed of 118 shares to cover tax obligations.
- On November 16, 2024, he acquired 165 Class B shares from another vesting event and disposed of 76 shares for tax purposes.
- These transactions are related to the vesting of fixed dollar-denominated time vesting awards (TVAs) granted in 2021 and 2022.
- Wilkinson also holds shares indirectly through the Moog UK Share Incentive Plan (SIP) and the Moog Inc. Retirement Savings Plan.
- He also holds a number of Stock Appreciation Rights (SARs) that vest over time.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing standard insider transactions related to equity compensation. It does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies. It reflects the vesting of equity awards and the subsequent tax obligations.
Comparison to Industry Standards
- The use of time-based vesting awards and stock appreciation rights is a common practice in executive compensation packages across various industries.
- The tax withholding process is standard for equity compensation, ensuring compliance with tax regulations.
- The reporting of these transactions via SEC Form 4 is a standard requirement for company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Acquisition of 256 Class B shares and disposal of 118 Class B shares due to vesting and tax obligations. |
| 11/16/2024 | Acquisition of 165 Class B shares and disposal of 76 Class B shares due to vesting and tax obligations. |
| 11/19/2024 | Date of filing of the Form 4. |
Keywords
Moog Inc., insider trading, Form 4, stock transactions, share vesting, stock appreciation rights, executive compensation, Paul Wilkinson
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