Walter Jennifer 4

What Happened

• Jennifer Walter, Chief Financial Officer of Moog Inc. (MOGA/MOGB), exercised 1,000 Stock Appreciation Rights (SARs) on 2026-03-11. The FMV on the exercise date was $343.39 and the exercise price was about $71.65. As a result, 387 shares were issued to her and 613 shares were withheld to satisfy tax withholding obligations (613 shares withheld valued at approximately $210,498). The filing shows the SARs converted/settled as part of this transaction.

Key Details

• Transaction date: 2026-03-11 (Form 4 filed 2026-03-13 — timely filing).
• Prices: FMV $343.39; exercise price ≈ $71.65.
• Shares issued to insider (net): 387 shares.
• Shares withheld/disposed for taxes: 613 shares valued at ≈ $210,498.
• Footnotes of note:
  • F1: 613 withheld represents the difference between SARs exercised (1,000) and shares issued (387) to cover tax withholding.
  • F3/F4: SARs were granted under the Moog 2014 Long Term Incentive Plan and vest ratably over three years beginning one year after grant.
  • F2/F5/F6: Other footnotes reference retirement plan and RSU program details included in the filing but not directly part of this exercise.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• This was a cashless-style settlement of SARs (derivative exercise), not an open‑market purchase or discretionary sale — part of routine executive equity compensation settlement. Withheld shares are a common mechanism to satisfy tax withholding and do not necessarily indicate a separate sale decision.