MCO Form 4: Director Jose Minaya Reports 85.59 Phantom Stock Units

Q: What did Jose Minaya report on the Form 4 for MCO?

He reported acquiring 85.59 phantom stock units on 10/01/2025 from deferral of retainer fees.

Q: Do the phantom stock units convert to Moody's common stock (MCO)?

Yes; the filing states the units convert one-for-one into common stock, though they are to be settled in cash after retirement .

Q: When was the Form 4 signed and reported?

The form was reported by power of attorney on 10/02/2025 and lists the transaction date as 10/01/2025 .

Q: What is the reporting person's relationship to Moody's (MCO)?

The filing identifies Jose Minaya as a director of Moody's Corporation.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Jose Minaya, a director of Moody's Corp (MCO), reported on Form 4 that on 10/01/2025 he acquired 85.59 phantom stock units as part of an election to defer receipt of retainer fees. The filing states each unit converts one-for-one into common stock and that the units will be settled in cash after the Reporting Person's retirement. The transaction was reported by power of attorney on 10/02/2025. The disclosure shows the acquisition relates to deferred compensation rather than an open-market purchase or option exercise.

Positive

85.59 phantom stock units acquired via retainer deferral on 10/01/2025
Units convert one-for-one into common stock, preserving share-equivalent value

Negative

None.

Insights

Director deferred compensation added 85.59 phantom units; settlement in cash upon retirement.

The Form 4 records a non-market grant: 85.59 phantom stock units were acquired on 10/01/2025 under a retainer deferral election. These units convert one-for-one to common shares but the filing specifies cash settlement after retirement, so no immediate share issuance is indicated.

This is a routine compensation-related filing, disclosing director pay deferral rather than trading activity; it documents a change in the director's deferred-compensation position but does not show open-market buying or selling that would affect short-term float.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Minaya Jose

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units (Deferred Compensation)	85.59	$479.80	$41K

Holdings After Transaction: Phantom Stock Units (Deferred Compensation) — 1,025.427 shares (Direct)

Footnotes (1)

Phantom Stock Units arising out of the Reporting Person's election to defer receipt of retainer fees. The security converts to common stock on a one-for-one basis. These units are to be settled in cash after the Reporting Person's retirement.

Form 4 Insider Transactions: What Each Field Means →

10/02/2025 - 04:08 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Minaya Jose

(Last)

(First)

(Middle)

7 WORLD TRADE CENTER,

250 GREENWICH STREET

(Street)

NEW YORK

10007

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MOODYS CORP /DE/ [ MCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units (Deferred Compensation)⁽¹⁾	⁽²⁾	10/01/2025		A		85.59		⁽³⁾	⁽³⁾	Common Stock	85.59	$479.8	1,025.427	D

Explanation of Responses:

1. Phantom Stock Units arising out of the Reporting Person's election to defer receipt of retainer fees.

2. The security converts to common stock on a one-for-one basis.

3. These units are to be settled in cash after the Reporting Person's retirement.

Remarks:

	Elizabeth McCarroll by power of attorney for Jose Minaya	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Jose Minaya report on the Form 4 for MCO?

He reported acquiring 85.59 phantom stock units on 10/01/2025 from deferral of retainer fees.

Do the phantom stock units convert to Moody's common stock (MCO)?

Yes; the filing states the units convert one-for-one into common stock, though they are to be settled in cash after retirement.

Was this an open-market purchase or option exercise?

No. The Form 4 describes a compensation deferral resulting in phantom stock units, not an open-market trade or option exercise.

When was the Form 4 signed and reported?

The form was reported by power of attorney on 10/02/2025 and lists the transaction date as 10/01/2025.

What is the reporting person's relationship to Moody's (MCO)?

The filing identifies Jose Minaya as a director of Moody's Corporation.