Moody’s director Keith Demmings receives 458-share grant

The phantom units are tied to deferred retainer fees and are to be settled in cash after retirement.

Available on EDGAR 11/03/2026 - 04:18 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:17 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Moody’s Corp director Keith Demmings reported acquiring 458 shares through an exempt grant of restricted stock units and 162.237 Phantom Stock Units on November 2, 2026. The phantom units arose from his election to defer retainer fees. The reported post-transaction positions were 458 shares and 162.237 Phantom Stock Units, respectively.

Insider Trade Summary

Grant/Award: 620.237 shares

Grant/Award 2 txns

Insider Demmings Keith

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units (Deferred Compensation) F2, F3, F4	162.237	$506.02	$82K
Grant/Award	Common Stock F1	458	$0.00	$0.00

Holdings After Transaction: Phantom Stock Units (Deferred Compensation) — 162.237 contracts (Direct); Common Stock — 458 shares (Direct)

Footnotes (4)

1. F1. Exempt grant of restricted stock units.
2. F2. Phantom Stock Units arising out of the Reporting Person's election to defer receipt of retainer fees.
3. F3. The security converts to common stock on a one-for-one basis.
4. F4. These units are to be settled in cash after the Reporting Person's retirement.

Key Figures

Restricted stock units granted: 458 shares Phantom Stock Units: 162.237 units Phantom Stock Unit conversion ratio: one-for-one

3 metrics

Restricted stock units granted 458 shares Reported post-transaction position on November 2, 2026

Phantom Stock Units 162.237 units Reported post-transaction position on November 2, 2026

Phantom Stock Unit conversion ratio one-for-one Conversion to common stock

Key Terms

Phantom Stock Units, restricted stock units, defer receipt of retainer fees

3 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.

restricted stock units financial

"Exempt grant of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

defer receipt of retainer fees financial

"election to defer receipt of retainer fees"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What awards did MCO director Keith Demmings report?

Keith Demmings reported acquiring 458 shares through an exempt grant of restricted stock units and 162.237 Phantom Stock Units on November 2, 2026.

How are Keith Demmings’s MCO Phantom Stock Units settled?

The 162.237 Phantom Stock Units convert to common stock on a one-for-one basis and are to be settled in cash after his retirement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Demmings Keith

(Last) (First) (Middle)

7 WTC AT 250 GREENWICH STREET

(Street)

NEW YORK 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)
11/02/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/02/2026		A		458(1)	A	$0	458	D

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)(2)	(3)	11/02/2026		A		162.237		(4)	(4)	Common Stock	162.237	$506.02	162.237	D

Explanation of Responses:

1. Exempt grant of restricted stock units.

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

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

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

Remarks:

	Elizabeth McCarroll, by power of attorney for Keith Demmings	11/03/2026
	** 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)