FISHBACK DONALD R 4
Research Summary
AI-generated summary
Moog (MOGA/MOGB) Director Donald Fishback Exercises SARs, Shares Withheld
What Happened Donald R. Fishback, a director of Moog Inc., exercised 5,000 Stock Appreciation Rights (SARs) on July 8, 2026. The filing shows an exercise-related acquisition amount of $358,240 (5,000 shares at $71.65) and a tax-withholding disposition of 2,962 shares at the fair market value of $428.40 each (totaling $1,268,921). After withholding shares to satisfy taxes, 2,038 shares were issued to Mr. Fishback. The 5,000 SARs were extinguished as part of this transaction.
Key Details
- Transaction date: July 8, 2026; filing date: July 10, 2026 (filed two days after the transaction).
- Exercise details: 5,000 SARs exercised (reported under code M); acquisition entry shown as 5,000 @ $71.65 = $358,240.
- Tax withholding: 2,962 shares withheld/disposed at $428.40/share = $1,268,921 (reported under code F).
- Net shares issued: 2,038 shares (5,000 exercised less 2,962 withheld).
- Derivative extinguished: 5,000 SARs reported disposed at $0 (reflects exercise/settlement).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: SARs granted under Moog’s 2014 Long Term Incentive Plan; footnote notes withheld shares were used to satisfy tax withholding obligations and explains the share-issuance calculation. SARs vest ratably over three years from grant date.
Context This was a cashless/net-share settlement of SARs (exercise resulted in issuance of net shares and withholding of shares for taxes), which is a common, routine way to satisfy tax obligations on equity awards. The withheld shares were not an independent open-market sale by the director and therefore are typically viewed as administrative/tax-related rather than a discretionary sell signal.