Scannell John 4

What Happened
John Scannell, a director of Moog Inc. (MOGA/MOGB), exercised 10,000 stock appreciation rights (SARs) on June 23, 2026. The fair market value (FMV) on the exercise date was $416.00 and the exercise price was about $71.65. He paid the exercise price ($716,480) and received 4,028 shares net; 5,972 shares were withheld to satisfy tax withholding obligations (value of withheld shares ≈ $2,484,352). The 10,000 SARs underlying the exercise were cancelled.

Key Details

• Transaction date: 2026-06-23 (Form 4 filed 2026-06-25 — timely filing)
• SARs exercised: 10,000
• Exercise price paid: ~$71.65 per share; total paid ≈ $716,480
• FMV at exercise: $416.00 per share
• Shares issued/received: 4,028 net shares
• Shares withheld for taxes: 5,972 shares (withheld value ≈ $2,484,352)
• Derivative disposition: the 10,000 SARs were cancelled upon exercise
• Plan and vesting: SARs granted under the Moog Inc. 2014 Long Term Incentive Plan; SARs vest ratably over three years starting one year after grant (footnotes F1–F4)
• Shares owned after the transaction: not specified in the provided excerpt (retirement-plan equivalent holdings referenced in filing footnote)

Context
This was an exercise of SARs with net-share settlement: rather than selling shares on the open market, shares were withheld to meet tax obligations (a common cashless-type settlement). This is different from an outright open-market sale and does not, by itself, indicate the director is reducing overall exposure beyond the withheld shares.