WILKINSON PAUL 4

What Happened Paul Wilkinson, Vice President of Moog Inc. (MOGA/MOGB), exercised 1,000 Stock Appreciation Rights (SARs) on March 9, 2026. He paid the exercise-related amount of $71,648 and received 383 shares of Class B common stock; an additional 617 shares were withheld to cover tax withholding obligations (value withheld ≈ $211,872). The market value (FMV) used in the filing was $343.39 per share.

Key Details

• Transaction date: 2026-03-09. Transaction codes: M (exercise/conversion of derivative) and F (payment of tax liability via share withholding).
• Exercise price paid: $71,648 (1,000 SARs at ~$71.65 each as reported).
• Shares issued to insider: 383 shares (≈ $131,518 at $343.39/share).
• Shares withheld for taxes: 617 shares (≈ $211,872).
• Gross FMV of the 1,000 SARs: $343,390; implied intrinsic value (FMV − exercise price) ≈ $271,742.
• Shares owned after the transaction: not specified in the provided excerpt of the Form 4.
• Relevant footnotes: F2 explains that 1,000 SARs were exercised but only 383 shares were issued because 617 shares were withheld to satisfy tax withholding; F5/F6 identify the awards as SARs under the 2014 LTIP with multi‑year vesting.

Context

• This was effectively a cashless exercise: SARs were exercised and a portion of the shares were withheld to cover taxes rather than selling shares on the open market.
• The filing shows an exercise of derivative awards, not an open‑market sale or purchase of existing shares; such exercises are common for employees realizing vested compensation and do not by themselves indicate a change in insider sentiment.