ROCHE PATRICK J 4

What Happened Patrick J. Roche, CEO of Moog Inc. (MOGA/MOGB), exercised 5,000 Stock Appreciation Rights (SARs) on March 10, 2026. As reported, the exercise used an exercise price around $71.65 and the fair market value at exercise was $343.39. The SAR exercise resulted in issuance of 857 shares to Roche, while 4,143 shares were withheld/sold to satisfy tax withholding obligations (reported disposal value for withheld shares: $1,422,665). The Form 4 shows an "acquired" line and corresponding withholding — this is effectively a cashless exercise to cover taxes.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely).
• SARs exercised: 5,000 (code M = exercise/conversion of derivative).
• Shares issued to insider: 857; shares withheld for taxes/disposed: 4,143 (code F = tax withholding).
• Prices reported: exercise price ≈ $71.65; FMV at exercise $343.39; withheld shares valued at $1,422,665.
• Footnotes: F2 explains the math behind shares issued vs. SARs exercised and that additional shares were withheld to satisfy tax withholding. F4/F5 note SARs were granted under the Moog 2014 LTIP and vest ratably over three years. F1 notes 63 shares from the Moog Employee Stock Purchase Plan included in holdings; F3 reflects equivalent shares in the company retirement plan.
• Shares owned after the transaction are not specified in the excerpt provided; see the full Form 4 for total holdings.

Context This was a derivative exercise with shares withheld to cover taxes (a common, routine “cashless” settlement). Such transactions report the exercise and the tax withholding separately; they do not by themselves indicate a directional bet on the stock.