FISHBACK DONALD R 4

What Happened

• Donald R. Fishback, a director of Moog Inc., exercised 5,000 Stock Appreciation Rights (SARs) on 2026-06-11. The SARs had an exercise price of $71.65 and the fair market value (FMV) on the exercise date was $398.00.
• Gross value of the SARs = 5,000 × $398.00 = $1,990,000. Reported exercise cost = $358,240. The company withheld 3,018 shares to satisfy tax withholding (valued at $1,201,164), and Fishback received 1,982 net shares (valued at $788,836).

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely — within the required reporting window).
• Reported entries: Exercise/conversion of derivative (SARs) and a tax-withholding disposition of 3,018 shares at $398.00.
• Net shares issued: 1,982 after withholding; 3,018 shares were withheld for taxes (cashless-style settlement).
• Notable footnotes: F1 explains the withholding (difference between 5,000 SARs exercised and 1,982 shares issued). F7/F8 indicate SARs were granted under Moog’s 2014 LTIP and vest ratably over three years from grant.
• Shares owned after the transaction: not provided in the supplied excerpt.

Context

• This was an exercise of SARs (a derivative award). The settlement was effectively cashless: the company withheld shares to cover taxes rather than Fishback paying cash, so he received fewer shares than the number of SARs exercised.
• Exercises and routine tax-withholdings are common for executives and directors and do not by themselves indicate a change in insider sentiment.