Moody's Ratings CEO Michael L. West Exercises Options and Sells $4.85M in Shares

Insider Transaction Overview

On October 29, 2026, Michael L. West, CEO of Moody's Ratings at Moody's Corp ($MCO), executed option exercises and stock sales totaling approximately $4.85 million across several transactions:

1. Option Exercises:

   • Exercised 2,926 stock options at an exercise price of $372.16.
   • Exercised 6,820 stock options at an exercise price of $372.16.
   • Total options exercised: 9,746 shares (cost to exercise: ~$3.63 million).

2. Open Market Sales:

   • Sold 200 shares at $486.52 ($97,304).
   • Sold 2,926 shares at a weighted-average price of $488.14 ($1,428,307).
   • Sold 6,820 shares at a weighted-average price of $487.99 ($3,328,065).
   • Total shares sold: 9,946 shares for aggregate gross proceeds of $4,853,675.52.

Holdings & Context

• Post-Transaction Direct Ownership: 8,558.98 common shares.
• Derivative Holdings Remaining: 9,747 exercisable/unexercised options remain across the reported grants.
• Significance: The transaction largely represents a routine exercise-and-sell of maturing stock option awards, with only 200 shares sold from base holdings outside the exercised lots. While substantial in nominal dollar terms (~$4.85M), it carries Medium market significance given its standard executive equity realization nature.