Fauber Robert 4

What Happened

• Robert Fauber, President & CEO and a director of Moody's (MCO), executed a mix of option exercises and open-market sales on May 1, 2026.
• He exercised options to acquire 1,167 shares (592 at $113.34, 575 at $167.50) for a total cash outlay of about $163,410. Those exercised positions are also recorded as disposed (conversion of derivatives).
• Separately, he sold 1,467 shares in open-market transactions (300 shares at $466.39 for $139,917; 1,167 shares at $466.39 for $544,277), totaling about $684,194. Most sales were executed under a pre-established Rule 10b5-1 plan.

Key Details

• Transaction date: 2026-05-01; filing date: 2026-05-04 (no late filing noted in this excerpt).
• Sales: 300 shares @ $466.39 = $139,917; 1,167 shares @ $466.39 = $544,277; total sold = 1,467 shares (~$684,194).
• Option exercises: 592 shares @ $113.34 = $67,097; 575 shares @ $167.50 = $96,313; total exercised = 1,167 shares (cash paid ≈ $163,410).
• Derivative disposals listed at $0 correspond to exercise/conversion entries for the same 592 and 575 share lots.
• Shares owned after the transactions are not specified in the provided filing excerpt.
• Footnotes: F1 — the sales were pursuant to a Rule 10b5-1 plan adopted July 30, 2025; F2 — exercise and sale also executed pursuant to that 10b5-1 plan; F3 — underlying options vest one-fourth each year beginning on the stated date.

Context

• The exercises appear to have been followed by sales under a pre-arranged 10b5-1 plan (i.e., a planned, rule-based sale), which is common for executives and typically indicates routine liquidity rather than a new public signal about the company.
• For retail investors: purchases/exercises accompanied by retention can be more informative than sales; here the filing documents option exercises and immediate/plan-driven sales rather than open-market accumulation.