Moody's (MCO) director adds phantom stock units in deferred pay plan

Rhea-AI Filing Summary

Moody's Corporation director Jose Minaya reported a change in his deferred compensation tied to the company’s stock. On 01/02/2026, he acquired 82.366 Phantom Stock Units at a reference price of $498.98 per unit. These units track the value of Moody's common stock but are part of a deferred compensation arrangement.

Each Phantom Stock Unit is linked to one share of common stock, and they arise from Minaya’s election to defer receipt of retainer fees. After this transaction, he beneficially owned 1,086.725 Phantom Stock Units, held directly. The units are scheduled to be settled in cash after his retirement rather than in actual shares.

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 NY 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)
01/02/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units (Deferred Compensation)(1)	(2)	01/02/2026		A		82.366		(3)	(3)	Common Stock	82.366	$498.98	1,086.725	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	01/05/2026
	** 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.

FAQ

What insider transaction did Moody's (MCO) director Jose Minaya report?

Jose Minaya reported acquiring 82.366 Phantom Stock Units on 01/02/2026 as part of a deferred compensation arrangement tied to Moody's common stock.

What are the Phantom Stock Units reported by the Moody's (MCO) director?

The filing states that the Phantom Stock Units arise from the director’s election to defer receipt of retainer fees and are linked on a one-for-one basis to Moody's common stock.

How many Phantom Stock Units does Jose Minaya hold after the reported transaction?

Following the reported transaction, Jose Minaya beneficially owned 1,086.725 Phantom Stock Units, all held in direct form.

At what price were the new Moody's-related Phantom Stock Units recorded?

The newly acquired 82.366 Phantom Stock Units were recorded at a reference price of $498.98 per unit.

How and when will the Moody's (MCO) Phantom Stock Units be settled?

The filing explains that these Phantom Stock Units are to be settled in cash after the Reporting Person’s retirement, rather than in actual shares.

What is the relationship of the reporting person to Moody's Corporation?

The reporting person, Jose Minaya, is identified in the filing as a Director of Moody's Corporation.