Moody's Director Jose Minaya Defers Retainer Fees into Phantom Stock

Executive Summary

On October 5, 2026, Moody's Corp ($MCO) filed a Form 4 detailing an acquisition of phantom stock units by Director Jose Minaya. The transaction took place on October 1, 2026, and reflects the director's election to defer quarterly retainer fees into phantom stock.

Transaction Details

• Reporting Person: Jose Minaya
• Role: Director
• Security: Phantom Stock Units (Deferred Compensation)
• Transaction Code: A (Grant/Award or deferral acquisition)
• Units Acquired: 91.542
• Price per Unit: $447.36
• Total Transaction Value: $40,952.24
• Post-Transaction Beneficial Ownership: 1,298.317 phantom stock units
• Settlement Terms: Units convert to common stock value on a 1-for-1 basis and are payable in cash following the reporting person's retirement.

Market & Trading Significance

This transaction has Low trading significance as it represents standard board retainer compensation deferral rather than an open-market purchase or sale. It aligns the director's compensation with long-term company performance but does not reflect discretionary market-timed capital deployment.