Form 4: Moog VP Exercises SARs, Increases Direct Holdings

Moog Inc. Vice President Stuart Mclachlan exercised Stock Appreciation Rights, resulting in an increase in his direct beneficial ownership of Class A and Class B common shares.

Summary

• Stuart Mclachlan, Vice President of Moog Inc., executed transactions involving Stock Appreciation Rights (SARs) on August 27, 2025.
• He acquired 667 Class A Common shares at an exercise price of $63.04 per share and 1,333 Class B Common shares at an exercise price of $65.90 per share through SAR exercises.
• To cover tax withholding obligations, 426 Class A Common shares were disposed of at $199.11 per share and 860 Class B Common shares were disposed of at $200.00 per share.
• Following these transactions, Mclachlan directly beneficially owns 1,451 Class A Common shares and 3,895 Class B Common shares.
• The SARs were granted under the Moog Inc. 2014 Long Term Incentive Plan and become exercisable ratably over three years from their grant date.

Sentiment

Score: 7

Explanation: The exercise of SARs by a Vice President at a significant gain, followed by an increase in net beneficial ownership, generally indicates positive sentiment from the executive regarding the company's stock performance. The transactions are routine for executive compensation.

Positives

• The Vice President exercised Stock Appreciation Rights (SARs) at a significant gain, with the market price ($199.11 for Class A, $200.00 for Class B) substantially exceeding the exercise price ($63.04 for Class A, $65.90 for Class B), indicating the executive's confidence in the company's stock performance.
• The executive increased their direct beneficial ownership of both Class A and Class B common shares after accounting for shares withheld for taxes, further aligning their interests with shareholders.

Negatives

• A portion of the shares acquired through SAR exercise were immediately sold (disposed of) to cover tax obligations, which, while a common practice, reduces the net increase in direct ownership.

Future Outlook

NA

Industry Context

This Form 4 filing reports an individual executive's stock transactions and does not provide broader industry context or trends. It reflects an executive's personal investment activity within Moog Inc.

Stakeholder Impact

• Shareholders: The executive's increased direct ownership aligns their interests further with shareholders, potentially signaling confidence in future performance.
• Employees: The exercise of SARs demonstrates the effectiveness of the company's long-term incentive plan in rewarding executives for stock appreciation.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation (SAR exercise and tax-related sales). While the executive's decision to exercise SARs at a significant gain and increase net beneficial ownership is a positive signal of confidence, it does not provide new fundamental information about the company's operations, financial performance, or strategic direction that would warrant a change in an existing investment thesis. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell.

Keywords

Moog Inc., MOGA, MOGB, Stuart Mclachlan, SEC Form 4, Insider Trading, Stock Appreciation Rights, SARs, Executive Compensation, Share Ownership