[Form 4] MOOG INC CL B Insider Trading Activity
Rhea-AI Filing Summary
Moog Inc. director/officer Stuart K. Mclachlan reported multiple transactions on 08/27/2025 involving stock appreciation rights (SARs) and resulting share issuances in both Class A and Class B common stock. He exercised 667 SARs tied to Class A (exercise price $63.04, FMV $199.11) and 1,333 SARs tied to Class B (exercise price $65.90, FMV $200.00), with shares withheld to satisfy tax withholding, yielding net increases of 667 Class A SARs exercised and 1,333 Class B SARs exercised but net share additions of 241 and 473 respectively reflected as dispositions. Post‑transactions beneficial ownership reported: 1,877 Class A shares and 4,755 Class B shares. Additional outstanding SAR grants and schedules are listed with exercise prices and vesting through 2031.
Positive
- Executive alignment with shareholders through conversion of SARs into equity under the Long Term Incentive Plan
- Clear compliance with Section 16 reporting; exercises and withholdings disclosed and explained
Negative
- Net shares withheld for taxes reduced the number of shares actually issued to the reporting person
- Insider ownership change (dispositions recorded) slightly alters beneficial holdings, though materiality is unclear
Insights
TL;DR: Officer exercised SARs, converting option value into shares; transactions are routine compensation-driven exercises with modest ownership changes.
The Form 4 shows executive exercises of SARs at significant spreads between exercise prices and FMV, producing net share issuances after tax withholding. The reported post-transaction holdings (1,877 Class A; 4,755 Class B) and listed unexercisable/exercisable SAR schedules indicate continued equity incentive alignment. There is no disclosure of open-market sales or transfers beyond withholding to satisfy taxes, and no change in control or debt events are reported. Impact on float and voting is likely immaterial given absolute share counts disclosed.
TL;DR: Transaction is a standard equity compensation settlement; documentation shows tax withholding and scheduled vesting, consistent with plan terms.
The filing documents SAR grants under the 2014 Long Term Incentive Plan that vest ratably over three years from grant dates. The explanation clarifies shares were withheld to satisfy tax obligations rather than sold on market, preserving compliance with Section 16 reporting. The presence of multiple long-dated SAR tranches through 2031 suggests ongoing retention incentives. No indications of departures, related-party transactions, or governance concerns are presented.