FORLENZA VINCENT A 4

What Happened Vincent A. Forlenza, a director of Moody's Corporation (MCO), was awarded equity on March 13, 2026. The Form 4 reports two acquisitions: 22.073 shares recorded at $0.00 (RSU-related accruals/dividend equivalents) and 1.562 derivative units valued at $430.01 each (total ~$672). These were awards/grants (not open-market purchases or sales) tied to compensation and deferral elections.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (filed within the standard 2-business-day window).
• Items acquired:
  • 22.073 shares @ $0.00 (RSU deferred dividend reinvestment accrual and dividend equivalents) — footnote F1.
  • 1.562 derivative units @ $430.01 each = $672 (Phantom Stock Units from deferral of retainer fees) — footnotes F2–F4.
• Shares owned after transaction: Not disclosed in this filing.
• Notable footnotes:
  • F1: RSU dividend equivalents that will vest and settle with the underlying award.
  • F2: Phantom Stock Units from an election to defer retainer fees.
  • F3: The derivative security converts to common stock on a one-for-one basis.
  • F4: Certain units are to be settled in cash after the reporting person’s retirement.
• Transaction code: A = grant/award/acquisition (compensation-related).

Context These entries reflect compensation-related awards and deferral elections rather than open-market buying or selling. The 22.073 entry represents dividend-equivalent accruals tied to unvested RSUs; the smaller 1.562 item is a phantom/derivative unit that either converts to common stock one-for-one or will be cash-settled after retirement per the footnotes. Such awards are routine director compensation and do not by themselves indicate the director buying or selling shares for market exposure.