Moog director exercises 10,000 SARs into Class B shares
Moog Inc. director John Scannell reported a compensation-related transaction involving Stock Appreciation Rights (SARs).
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Rhea-AI Filing Summary
Moog Inc. director John Scannell reported a compensation-related transaction involving Stock Appreciation Rights (SARs). He exercised 10,000 SARs tied to Class B Common Stock at an exercise price of $71.648 per share. Based on a fair market value of $416.00 at exercise, 4,028 Class B shares were issued, while 5,972 shares were withheld to cover the company’s tax withholding obligations. Scannell continues to hold multiple SAR awards on Class B shares with exercise prices ranging from about $73 to $86 and expiration dates between 2027 and 2031, indicating a substantial remaining derivative position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | SAR | 10,000 | $0.00 | $0.00 |
| Exercise | Class B Common | 10,000 | $71.648 | $716K |
| Exercise Price or Tax Liability | Class B Common | 5,972 | $416.00 | $2.48M |
| holding | SAR | -- | -- | -- |
| holding | SAR | -- | -- | -- |
| holding | SAR | -- | -- | -- |
| holding | SAR | -- | -- | -- |
| holding | SAR | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
Footnotes (4)
- F1. This represents the difference between the number of SARs exercised (10,000) and the number of shares issued as a result of the exercise (4,028). 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 ($416.00) and the exercise price ($71.648). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
- F2. Reflects equivalent shares held in Moog Inc. Retirement Savings Plan as of the most recent report to participants.
- F3. Stock Appreciation Rights (SAR) granted under the Moog Inc. 2014 Long Term Incentive Plan.
- F4. SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.
Key Figures
Key Terms
Stock Appreciation Rights (SAR) financial
tax withholding financial
Moog Inc. Retirement Savings Plan financial
Long Term Incentive Plan financial
FAQ
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What insider transaction did Moog (MOG) director John Scannell report?
What was the exercise price and fair market value in Scannell’s Moog SAR transaction?
What Moog (MOG) derivative awards does John Scannell still hold after this filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.