Moog (NYSE: MOG) CFO exercises SARs, increases Class B equity stake
Rhea-AI Filing Summary
MOOG INC. CFO Jennifer Walter exercised 1,000 stock appreciation rights at an exercise price of $71.648 per share into 1,000 shares of Class B common stock on March 9, 2026. To cover tax obligations, 619 Class B shares valued at $343.39 per share were withheld, leaving a net issuance of 381 shares from this exercise.
After these transactions, she holds 14,294 Class B shares directly and an additional 770 Class B shares indirectly through a 401(k)/retirement savings plan. She also retains multiple outstanding SAR awards over Class B common stock and 1,532 restricted stock units, each RSU representing one share and scheduled to vest in three equal installments in 2026, 2027, and 2028.
Positive
- None.
Negative
- None.
Insights
Routine equity compensation exercise with tax withholding; no open-market trades reported.
CFO Jennifer Walter exercised 1,000 stock appreciation rights into Class B common shares at an exercise price of $71.648. The filing shows this as a standard compensation-related event rather than a discretionary market purchase.
Of the shares generated, 619 were withheld at a fair market value of $343.39 per share to satisfy tax obligations, a non-market disposition that does not reflect a directional view on the stock. Net, she received 381 additional Class B shares and now directly holds 14,294 Class B shares plus indirect retirement-plan shares.
Derivative data indicates she still has several SAR grants outstanding, with exercise prices between $73.39 and $85.95 and expirations through 2031, as well as 1,532 RSUs tied to future vesting dates from 2026 to 2028. This suggests continuing long-term equity exposure through unexercised awards and unvested units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | SAR | 1,000 | $0.00 | -- |
| Exercise | Class B Common | 1,000 | $71.648 | $72K |
| Tax Withholding | Class B Common | 619 | $343.39 | $213K |
| holding | SAR | -- | -- | -- |
| holding | SAR | -- | -- | -- |
| holding | SAR | -- | -- | -- |
| holding | SAR | -- | -- | -- |
| holding | SAR | -- | -- | -- |
| holding | RSU | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
Footnotes (1)
- Includes 63 shares of Class B common stock acquired under the Moog Inc. Employee Stock Purchase Plan on December 31, 2025. This represents the difference between the number of SARs exercised (1,000) and the number of shares issued as a result of the exercise (381). 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 ($343.39) and the exercise price ($71.648). Additional shares are then withheld to satisfy the Company's tax withholding obligations. Reflects equivalent shares held in Moog Inc. Retirement Savings Plan as of the most recent report to participants. Stock Appreciation Rights (SAR) granted under the Moog Inc. 2014 Long Term Incentive Plan. SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant. Restricted Stock Units (RSU) granted under the Moog Inc. 2025 Long Term Incentive Plan. 33.33% of the total RSUs granted will each vest on November 15, 2026; November 15, 2027; and November 15, 2028. Each RSU represents a contingent right to receive one share of Moog Inc.'s Class B common stock.
