Director Jose Minaya gains 87.563 phantom stock units at Moody’s (NYSE: MCO)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Minaya Jose reported acquisition or exercise transactions in this Form 4 filing.

Moody’s director Jose Minaya reported a grant of 87.563 Phantom Stock Units as deferred compensation. These units arose from his election to defer receipt of retainer fees and reference a price of $468.38 per unit. The phantom units track Moody’s common stock on a one-for-one basis but will be settled in cash rather than shares after his retirement. Following this award, Minaya directly holds a total of 1,226.523 Phantom Stock Units tied to Moody’s common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Minaya Jose

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units (Deferred Compensation)	87.563	$468.38	$41K

Holdings After Transaction: Phantom Stock Units (Deferred Compensation) — 1,226.523 shares (Direct, null)

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.

Key Figures

Phantom units granted: 87.563 units Reference price per unit: $468.38 per unit Total phantom units after grant: 1,226.523 units

3 metrics

Phantom units granted 87.563 units Grant of Phantom Stock Units as deferred compensation

Reference price per unit $468.38 per unit Transaction price for Phantom Stock Units

Total phantom units after grant 1,226.523 units Holdings following the reported transaction

Key Terms

Phantom Stock Units, Deferred Compensation, retainer fees, one-for-one basis, +1 more

5 terms

Phantom Stock Units financial

"Phantom Stock Units (Deferred Compensation)"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Deferred Compensation financial

"Phantom Stock Units (Deferred Compensation)"

Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.

retainer fees financial

"arising out of the Reporting Person's election to defer receipt of retainer fees"

one-for-one basis financial

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

settled in cash financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:03 PM Accepted by SEC EDGAR 07/02/2026 - 04:03 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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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⁾	07/01/2026		A		87.563		⁽³⁾	⁽³⁾	Common Stock	87.563	$468.38	1,226.523	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	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Moody’s (MCO) director Jose Minaya report in this Form 4?

Jose Minaya reported receiving 87.563 Phantom Stock Units as deferred compensation. These units stem from his election to defer retainer fees and are linked one-for-one to Moody’s common stock value, increasing his total phantom unit holdings to 1,226.523 units.

How many Phantom Stock Units does Jose Minaya now hold at Moody’s (MCO)?

After the latest grant, Jose Minaya holds 1,226.523 Phantom Stock Units. These units mirror Moody’s common stock on a one-for-one basis and represent deferred compensation that will be settled in cash after his retirement rather than as actual shares.

What is the nature of the 87.563 Phantom Stock Units reported for Moody’s (MCO)?

The 87.563 Phantom Stock Units arise from Minaya’s decision to defer his director retainer fees. Each unit is tied to Moody’s common stock at a reference price of $468.38 and is structured as deferred compensation to be paid in cash following his retirement.

Do the Phantom Stock Units give Jose Minaya actual Moody’s (MCO) shares now?

The Phantom Stock Units do not provide actual shares at grant. They track Moody’s common stock on a one-for-one basis but are designed to be settled in cash after Minaya’s retirement, reflecting the value of the underlying stock at settlement.

When will Jose Minaya’s Moody’s (MCO) Phantom Stock Units be settled?

The Phantom Stock Units are scheduled to be settled in cash after Jose Minaya’s retirement. Until then, they function as a deferred compensation arrangement, with each unit tied to the value of one share of Moody’s common stock on a one-for-one basis.