Form 4: Moog VP Schaff Reports Equity Holdings, RSU Grant

Sentiment:

Insider Transaction Report 13 November 2025 8:43 PM

Moog Inc. Vice President Michael A. Schaff filed a Form 4 detailing his beneficial ownership of Class B common stock, including recent Employee Stock Purchase Plan acquisitions and a new Restricted Stock Unit grant.

Summary

Michael A. Schaff, Vice President of Moog Inc., reported direct beneficial ownership of 2,406 shares of Class B Common Stock.
This direct ownership includes 16 shares acquired on December 30, 2024, and 17 shares acquired on June 28, 2025, both through the Moog Inc. Employee Stock Purchase Plan.
Schaff also reported indirect beneficial ownership of 1,034 shares of Class B Common Stock held in the Moog Inc. Retirement Savings Plan.
A grant of 1,053 Restricted Stock Units (RSUs) was made on November 11, 2025, under the Moog Inc. 2025 Long Term Incentive Plan.
These RSUs will vest in three equal installments of 33.33% on November 15, 2026, November 15, 2027, and November 15, 2028.
Schaff holds various Stock Appreciation Rights (SARs) granted under the Moog Inc. 2014 Long Term Incentive Plan, with exercise prices ranging from $73.39 to $85.95 and exercisability dates from November 14, 2027, to November 16, 2031.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions and compensation, indicating normal course of business without significant positive or negative surprises. The acquisition of shares and grant of long-term incentives are standard practices.

Positives

The acquisition of 33 shares of Class B common stock through the Employee Stock Purchase Plan demonstrates continued investment by management in the company.
The grant of 1,053 Restricted Stock Units (RSUs) and existing Stock Appreciation Rights (SARs) aligns management's long-term incentives with shareholder value creation.

Future Outlook

The filing outlines future vesting schedules for Restricted Stock Units (RSUs) on November 15, 2026, November 15, 2027, and November 15, 2028. It also details the future exercisability dates for various Stock Appreciation Rights (SARs, which become exercisable ratably over three years from their grant date), extending through November 16, 2031.

Industry Context

This Form 4 filing is a routine disclosure of insider equity transactions and compensation, common across all publicly traded companies. It reflects standard executive compensation practices involving long-term incentive plans designed to align management interests with shareholder returns.

Comparison to Industry Standards

The use of Restricted Stock Units (RSUs) and Stock Appreciation Rights (SARs) as part of executive compensation is a common practice in the aerospace and defense industry, similar to companies like Lockheed Martin or Raytheon Technologies, which utilize various forms of equity-based incentives to retain talent and motivate performance.
Employee Stock Purchase Plans (ESPPs) are also standard offerings in many industries, including manufacturing and technology, encouraging broad employee ownership.

Related Party Transactions

The transactions detailed in this filing, including the acquisition of shares via the Employee Stock Purchase Plan and the grant of Restricted Stock Units and Stock Appreciation Rights, represent compensation and equity ownership activities between an executive officer (Michael A. Schaff) and the issuer (Moog Inc.), which are considered related party transactions.

Stakeholder Impact

Shareholders: The grant of RSUs and SARs aligns the interests of a key executive with long-term shareholder value, potentially fostering sustained performance.
Employees: The participation in the Employee Stock Purchase Plan indicates a mechanism for broader employee ownership, which can enhance employee engagement and retention.

Next Steps

Vesting of 33.33% of the granted RSUs on November 15, 2026.
Vesting of 33.33% of the granted RSUs on November 15, 2027.
Vesting of 33.33% of the granted RSUs on November 15, 2028.
Various tranches of Stock Appreciation Rights (SARs) will become exercisable on their respective anniversary dates, starting from November 14, 2027, through November 16, 2031.

Key Dates

Date	Description
12/30/2024	16 shares of Class B common stock acquired under the Moog Inc. Employee Stock Purchase Plan.
06/28/2025	17 shares of Class B common stock acquired under the Moog Inc. Employee Stock Purchase Plan.
11/11/2025	Date of earliest transaction, grant of 1,053 Restricted Stock Units (RSUs) under the Moog Inc. 2025 Long Term Incentive Plan.
11/13/2025	Signature date of the reporting person, Michael A. Schaff, via Power of Attorney.
11/15/2026	First vesting date for 33.33% of the granted RSUs.
11/14/2027	SARs with an exercise price of $82.31 become exercisable.
11/15/2027	Second vesting date for 33.33% of the granted RSUs.
11/13/2028	SARs with an exercise price of $80.19 become exercisable.
11/15/2028	Third vesting date for 33.33% of the granted RSUs.
11/12/2029	SARs with an exercise price of $85.95 become exercisable.
11/17/2030	SARs with an exercise price of $73.39 become exercisable.
11/16/2031	SARs with an exercise price of $83 become exercisable.

Keywords

Moog Inc., MOGA, MOGB, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU, Stock Appreciation Rights, SAR, Employee Stock Purchase Plan, ESPP, Equity Compensation, Executive Compensation

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