Moody's director adds stock, phantom units

Moody’s director Vincent A. Forlenza reported small equity and phantom unit accruals tied to board compensation and fee deferrals.

Rhea-AI Filing Summary

MOODYS CORP (MCO) reported that director Vincent A. Forlenza acquired additional equity-linked interests on September 4, 2026. He received 15.1870 shares of Common Stock as an RSU deferred dividend reinvestment accrual and 1.3790 Phantom Stock Units from deferring retainer fees, increasing his direct holdings to 8,778.5640 common shares and 490.3590 phantom units.

The phantom units track common stock value, convert on a one-for-one basis, and are to be settled in cash after his retirement. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Grant/Award: 16.566 shares

Grant/Award 2 txns

Insider FORLENZA VINCENT A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units (Deferred Compensation) F2, F3, F4	1.379	$493.55	$680.61
Grant/Award	Common Stock F1	15.187	$0.00	$0.00

Holdings After Transaction: Phantom Stock Units (Deferred Compensation) — 490.359 contracts (Direct); Common Stock — 8,778.564 shares (Direct)

Footnotes (4)

1. F1. RSU deferred dividend reinvestment accrual.
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. The units are to be settled in cash after the Reporting Person's retirement.

Key Figures

Common Stock acquired: 15.1870 shares Common Stock holdings after transaction: 8,778.5640 shares Phantom Stock Units acquired: 1.3790 units +2 more

5 metrics

Common Stock acquired 15.1870 shares RSU deferred dividend reinvestment accrual on September 4, 2026

Common Stock holdings after transaction 8,778.5640 shares Direct ownership after September 4, 2026 award

Phantom Stock Units acquired 1.3790 units Deferred compensation election on September 4, 2026

Phantom Stock Units holdings after transaction 490.3590 units Direct phantom unit balance after award

Phantom unit reference price $493.55 per unit Per-unit transaction value for Phantom Stock Units on September 4, 2026

Key Terms

Phantom Stock Units, Deferred Compensation, RSU, retainer fees

4 terms

Phantom Stock Units financial

"Phantom Stock Units arising out of the Reporting Person's election"

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) reported as a derivative"

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.

RSU financial

"RSU deferred dividend reinvestment accrual increased common stock holdings"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

retainer fees financial

"Units arising out of the election to defer receipt of retainer fees"

FAQ

What insider transactions did MCO director Vincent A. Forlenza report on September 4, 2026?

He reported two acquisitions: a grant of 15.1870 Common Stock shares from an RSU deferred dividend reinvestment and 1.3790 Phantom Stock Units from deferring retainer fees, both held directly.

How many Moody’s (MCO) common shares does Vincent A. Forlenza hold after this Form 4?

After these transactions, Vincent A. Forlenza directly holds 8,778.5640 shares of Common Stock. This reflects the addition of 15.1870 shares from an RSU deferred dividend reinvestment accrual.

What Phantom Stock Unit position in MCO did Vincent A. Forlenza report?

He acquired 1.3790 Phantom Stock Units, bringing his total direct Phantom Stock Unit balance to 490.3590 units. Each unit converts to common stock on a one-for-one basis but is to be settled in cash after his retirement.

Were Vincent A. Forlenza’s MCO transactions made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, and no footnote states that these transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

Did Vincent A. Forlenza buy or sell MCO shares on the market in this Form 4?

No market purchases or sales are reported. The Form 4 shows only grant/award-type acquisitions: an RSU-related dividend reinvestment in common stock and additional Phantom Stock Units from fee deferral.

At what reference price were the new MCO Phantom Stock Units recorded?

The 1.3790 Phantom Stock Units were recorded at a reference value of $493.55 per unit, matching the per-share transaction price shown for the derivative award tied to common stock value.

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Available on EDGAR 09/08/2026 - 04:04 PM Accepted by SEC EDGAR 09/08/2026 - 04:03 PM Learn about SEC filing dates

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^*

FORLENZA VINCENT A

(Last) (First) (Middle)

7 WORLD TRADE CENTER,

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)
09/04/2026

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	09/04/2026		A		15.187(1)	A	$0	8,778.564	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)	09/04/2026		A		1.379		(4)	(4)	Common Stock	1.379	$493.55	490.359	D

Explanation of Responses:

1. RSU deferred dividend reinvestment accrual.

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

Remarks:

	Elizabeth McCarroll, by power of attorney for Vincent Forlenza	09/08/2026
	** 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)