March 18, 2024 · Form 4 insider transaction
TRABERT MARK JOSEPH sold 4,654 shares of MOGA/MOGB at $150.75 per share, a transaction worth $701.6K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
This represents the difference between the number of SARs exercised (6,181) and the number of shares issued as a result of the exercise (1,527). 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 ($150.75) and the exercise price ($82.31). Additional shares are then withheld to satisfy the Company's tax withholding obligations.