[Form 4] MOOG INC. Insider Trading Activity

Rhea-AI Filing Summary

Kraig H. Kayser, a director of Moog Inc. (MOGA/MOGB), exercised Stock Appreciation Rights (SARs) on 09/18/2025 and completed related share transactions. He exercised 2,500 SARs with an exercise price of $65.90 and a reported fair market value of $196.3801, resulting in issuance of 1,661 shares and a net receipt of 839 shares that were reported as disposed at an implied value of $196.3801. The Form 4 shows an acquisition coded M for 2,500 Class B shares at $65.90 and a disposition coded F for 839 Class B shares at $196.3801. After the transactions, Kayser beneficially owned 10,921 Class B shares and 22,506 Class A shares.

Positive

• Exercise of long‑term incentives under the 2014 LTIP demonstrates compensation alignment with shareholder value
• Clear disclosure of SAR exercise mechanics and resulting share counts improves transparency

Negative

• Net disposition of 839 Class B shares represents insider share sales which some investors interpret as liquidity taking
• No information in the filing about the ultimate purchaser or whether dispositions were to cover tax/fees

Insights

Corporate Governance Expert

TL;DR: Director exercised long‑term incentive SARs and reported issuance and net disposition of Class B shares; routine insider liquidity event.

The filing documents a standard exercise of Stock Appreciation Rights granted under Moog's 2014 Long Term Incentive Plan. The mechanics—exercise of 2,500 SARs, issuance of 1,661 shares, and a reported disposition of 839 shares—are consistent with cash‑less net settlement where the difference between FMV and exercise price determines shares issued. This transaction changes the director's Class B share counts but does not, by itself, indicate a change in control, a new material stake, or governance action beyond normal executive compensation realization.

Securities Analyst

TL;DR: Insider monetized appreciation via SAR exercise; transaction size appears modest relative to company capitalization.

The Form 4 reports an exercise price of $65.90 and a Fair Market Value of $196.3801 at exercise, yielding 1,661 shares issued from 2,500 SARs and 839 shares shown as disposed. The filing clarifies the calculation method for shares issued under SARs. From an investor materiality perspective, the disclosed absolute share changes are limited to the director's holdings and reflect compensation realization rather than an operational development.

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).

1. Name and Address of Reporting Person^*

KAYSER KRAIG H

(Last) (First) (Middle)

SENECA ST & JAMISON RD

(Street)

EAST AURORA NY 14052

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MOOG INC. [ MOGA/MOGB ]

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)
09/18/2025

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
Class B Common	09/18/2025		M		2,500	A	$65.9	11,760	D
Class B Common	09/18/2025		F		839(1)	D	$196.3801	10,921	D
Class A Common								22,506	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
SAR(2)	$65.9	09/18/2025		M			2,500	11/17/2016	11/17/2025	Class B Common	2,500	$0	0	D

Explanation of Responses:

1. This represents the difference between the number of SARs exercised (2,500) and the number of shares issued as a result of the exercise (1,661). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($196.3801) and the exercise price ($65.90).

2. Stock Appreciation Rights (SAR) granted under the Moog Inc. 2014 Long Term Incentive Plan.

Remarks:

	/s/ Eric Moss, as Power of Attorney for Kraig H. Kayser	09/19/2025
	** 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 did Kraig H. Kayser report on the Form 4 for MOG on 09/18/2025?

He reported exercising 2,500 Stock Appreciation Rights at an exercise price of $65.90, issuance of 1,661 shares, and a net disposition of 839 Class B shares at an implied FMV of $196.3801.

How many shares does Kayser beneficially own after the reported transactions?

Following the transactions Kayser beneficially owned 10,921 Class B shares and 22,506 Class A shares, as reported on the Form 4.

What is the source of the exercised awards?

The SARs were granted under the Moog Inc. 2014 Long Term Incentive Plan, as stated in the filing.

What is the nature of the disclosed disposition of 839 shares?

The filing explains the 839 figure is the difference between SARs exercised (2,500) and shares issued (1,661), reflecting how SAR exercises are settled.

When were the SARs originally granted and when do they expire?

The SARs were dated 11/17/2016 and have an expiration date of 11/17/2025, per the Form 4.