Fauber Robert 4

What Happened
Robert Fauber, President & CEO of Moody's Corporation, exercised a total of 1,167 option shares (592 at $113.34 and 575 at $167.50) and sold 1,467 shares (300 shares and 1,167 shares) in transactions dated July 1, 2026. The open-market sales were at $455.49 per share for gross proceeds of $668,204. The exercise (cost to acquire) totaled $163,410; gross sale proceeds minus exercise cost equals roughly $504,794 before taxes and fees.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely filing).
• Sales: 300 shares sold @ $455.49 ($136,647) and 1,167 shares sold @ $455.49 ($531,557) — total sold 1,467 shares for $668,204.
• Option exercises (acquisitions): 592 shares @ $113.34 ($67,097) and 575 shares @ $167.50 ($96,313) — total acquired 1,167 shares for $163,410.
• Derivative entries: two option dispositions listed at $0.00 reflect the options converted/removed upon exercise.
• Shares owned after the reported transactions: not specified in the provided summary (see the filed Form 4 for the exact post-transaction holdings).
• Footnotes: F1 = the sales were made pursuant to a Rule 10b5-1 trading plan (adopted July 30, 2025). F2 = the exercises and sales were executed under a Rule 10b5-1 plan. F3 = option vesting: one-fourth vests each year beginning on the date indicated in the option grant.

Context

• This was an exercise of options followed by sales under a pre-established 10b5-1 plan (a common pattern where exercised shares are sold immediately — effectively a cashless exercise/sale). Such transactions are typically planned in advance under the 10b5-1 framework and are often routine; they do not, by themselves, indicate the insider’s view of the company beyond the executed plan.