August 27, 2025 · Form 4 insider transaction
Mclachlan Stuart sold 426 shares of MOGA/MOGB at $199.11 per share, a transaction worth $84.8K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 6 days after the transaction.
This represents the difference between the number of SARs exercised (667) and the number of shares issued as a result of the exercise (241). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($199.11) and the exercise price ($63.04). Additional shares are then withheld to satisfy the Company's tax withholding obligations.