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MCOMoody's Corporation · Insider ownership research

Moody's Corporation insiders sold $14.0M in the past 12 months. How much of their stake is that?

About 20% overall. As a group they ended with more shares than they started with.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 363 of the 416 other companies we can measure (#54 of 417)See ranking
0
buyers among officers and directors, past 12 months
73%
of sales were under disclosed trading plans, past 12 months
5 of 17
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026
Oct 1, 2026Robert Fauber sold 923 shares ($420K) under a disclosed trading plan. That is 1.2% of the total stake held that day. 623 shares came in from vesting or option exercises the same day, so the holding fell by 300 net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Robert Fauber
President and CEO, Director
923$455.001.2%74KOct 1, 2026Oct 2, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Oct 1, 2026Jason Phillips had 21 shares ($10K) withheld by the company for taxes (not a market sale).
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Jason Phillips
Chief Acctg Off & Controller
21$450.80n/an/aOct 1, 2026Oct 2, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about a quarter of the 5-year average. 5 insiders sold; the average is 6 a year. Year by year
Latest filing: Filed Oct 2 for a sale on Oct 1. Robert Fauber sold 923 shares ($420K) under a disclosed plan. Filing
76 SEC ownership filings in the period · See the evidence

What stands out

Two officers sold more than 25% of vested holdings: Robert Fauber (34% of holdings, $9.7M, all under a disclosed plan) and Michael West (92% of holdings, $3.6M, none under a disclosed plan).Robert Fauber: largest sale, Mar 3, 2026 · Michael West: largest sale, Mar 4, 2026
Two officers sold shares but ended with larger stakes, because more shares came in than were sold: Richard Steele (sold 1K, 21% of starting holdings; 2.2K added) and Noemie Heuland (sold 100, 4.7% of starting holdings; 2.4K added).Richard Steele: largest sale, Mar 3, 2026 · Noemie Heuland: largest sale, Mar 4, 2026
Robert Fauber, the biggest seller, had more shares withheld by the company for taxes ($10.8M) than sold on the open market ($9.7M).Largest withholding, Mar 2, 2026

Percentages cover 14 of 17 officers and directors. Left out: Jason Phillips (holdings couldn't be fully reconciled); Lisa Sawicki and Christina Kosmowski (held no vested shares at the start). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stakeAdded during the period
Robert Fauber
President and CEO, Director
Sold 34%, but 13K shares were added (mostly vesting), so the stake grew
34% · $9.7MDisclosed plan
Michael West
President, Moody's Investors
Sold 92%, but 3.3K shares were added (mostly vesting), so the stake grew
92% · $3.6MNo plan disclosed
Richard Steele
SVP - General Counsel
21% · $470KDisclosed plan
Jason Phillips
Chief Acctg Off & Controller
Sold $157K (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$157KNo plan disclosed
Noemie Heuland
SVP & Chief Financial Officer
4.7% · $47KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
Oct 2025: $482K under a disclosed planOctNov 2025: $559K under a disclosed planNovDec 2025: $568K under a disclosed planDecJan 2026: $590K under a disclosed planJanFeb 2026: $592K under a disclosed planFeb 2026: $1.6M no plan disclosedFebMar 2026: $2.6M under a disclosed planMar 2026: $2.2M no plan disclosed$4.8MMarApr 2026: $711K under a disclosed planAprMay 2026: $758K under a disclosed planMayJun 2026: $737K under a disclosed planJunJul 2026: $740K under a disclosed planJulAug 2026: $710K under a disclosed planAugSep 2026: $736K under a disclosed planSepOct 2026: $420K under a disclosed planOct

Common questions

Is the Moody's Corporation CEO selling stock?

Yes. Robert Fauber sold 21K shares ($9.7M, 34% of starting holdings) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Moody's Corporation insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 73% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 27% had no disclosed plan. A trading plan schedules sales in advance.

Are any Moody's Corporation insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Moody's Corporation insiders sell?

About 20% overall. As a group they ended with more shares than they started with. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold5 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Robert Fauber
President and CEO, Director
$9.7M
21K shares
34%Disclosed plan
Michael West
President, Moody's Investors
$3.6M
7.6K shares
92%No plan disclosed
Richard Steele
SVP - General Counsel
$470K
1K shares
21%Disclosed plan
Jason Phillips
Chief Acctg Off & Controller
$157K
333 shares
i
No percentage: holdings couldn't be fully reconciled.
No plan disclosed
Noemie Heuland
SVP & Chief Financial Officer
$47K
100 shares
4.7%No plan disclosed
The full ownership picture16 of 17 insiders fully reconciled · 17 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Robert Fauber
President and CEO, Director
61K−21K74K+20%
Vesting, gifts, unvested awards and holding lines for Robert Fauber
+13Kshares vested or exercised
0gifted (net of own trusts)
−23Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock61,21651,364
TrustCommon Stock022,325

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
21,239$372.16Feb 20, 2034$1.8M
17,344$513.21Feb 20, 2035$0
25,081$433.70Feb 23, 2036$534K

Estimate: options held × ($455.00 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close.

Jorge Bermudez
Director
22K023Kno sales
Vesting, gifts, unvested awards and holding lines for Jorge Bermudez
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock22,38022,956
Leslie Seidman
Director
12K012Kno sales
Vesting, gifts, unvested awards and holding lines for Leslie Seidman
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock11,63512,207
Bruce Van Saun
Director
9.3K09.9Kno sales
Vesting, gifts, unvested awards and holding lines for Bruce Van Saun
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock9,3169,901
Michael West
President, Moody's Investors
8.2K−7.6K8.8K+6.7%
Vesting, gifts, unvested awards and holding lines for Michael West
+3.3Kshares vested or exercised
0gifted (net of own trusts)
−4.1Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock8,2098,759

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
1,189$295.33Feb 21, 2033$190K
5,853$372.16Feb 20, 2034$485K
13,640$372.16Feb 20, 2034$1.1M
4,275$513.21Feb 20, 2035$0
5,256$443.70Feb 23, 2036$59K

Estimate: options held × ($455.00 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close.

Vincent Forlenza
Director
8K08.8Kno sales
Vesting, gifts, unvested awards and holding lines for Vincent Forlenza
0shares vested or exercised
0gifted (net of own trusts)
2.4K → 4.1Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock8,0298,779
Stephen Tulenko
President, Moody's Analytics
5.3K05.3Kno sales
Vesting, gifts, unvested awards and holding lines for Stephen Tulenko
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock5,2585,258

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
1,189$325.99Feb 17, 2032$153K
2,483$295.33Feb 21, 2033$396K
4,390$372.16Feb 20, 2034$364K
27,279$372.16Feb 20, 2034$2.3M
4,275$513.21Feb 20, 2035$0

Estimate: options held × ($455.00 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close.

Richard Steele
SVP - General Counsel
5K−1K5.4K+9.4%
Vesting, gifts, unvested awards and holding lines for Richard Steele
0shares vested or exercised
0gifted (net of own trusts)
−732withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock1,3601,828
TrustCommon Stock3,6133,613

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,007$372.16Feb 20, 2034$166K
2,198$513.21Feb 20, 2035$0
3,079$433.70Feb 23, 2036$66K

Estimate: options held × ($455.00 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close.

Therese Esperdy
Director
4.7K05.2Kno sales
Vesting, gifts, unvested awards and holding lines for Therese Esperdy
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock4,6925,239
Lloyd Howell Jr.
Director
2.9K02.9Kno sales
Vesting, gifts, unvested awards and holding lines for Lloyd Howell Jr.
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,8662,866
Zig Serafin
Director
2.7K03.2Kno sales
Vesting, gifts, unvested awards and holding lines for Zig Serafin
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,6953,195
Jose Minaya
Director
2.4K02.9Kno sales
Vesting, gifts, unvested awards and holding lines for Jose Minaya
0shares vested or exercised
0gifted (net of own trusts)
6.7K → 16Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,3882,915
Noemie Heuland
SVP & Chief Financial Officer
2.1K−1004.1K+90%
Vesting, gifts, unvested awards and holding lines for Noemie Heuland
0shares vested or exercised
0gifted (net of own trusts)
−328withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,1484,086

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,349$391.67Apr 1, 2034$149K
4,336$513.21Feb 20, 2035$0
7,885$433.70Feb 23, 2036$168K

Estimate: options held × ($455.00 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close.

Jason Phillips
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +11.652 shares on Oct 1, 2026 (Direct). See the filing Sales and other transactions for Jason Phillips are complete.
Chief Acctg Off & Controller
n/a−333n/an/a
Vesting, gifts, unvested awards and holding lines for Jason Phillips
0shares vested or exercised
0gifted (net of own trusts)
−229withheld by the company for taxes
none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +11.652 shares on Oct 1, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,0952,088
Sumit Dhawan
Director
4270927no sales
Vesting, gifts, unvested awards and holding lines for Sumit Dhawan
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock427927
Lisa Sawicki
Director
00530no sales
Vesting, gifts, unvested awards and holding lines for Lisa Sawicki
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock0530
Christina Kosmowski
CEO, Moody's Analytics
0022Kno sales
Vesting, gifts, unvested awards and holding lines for Christina Kosmowski
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock021,542

16 of 17 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (16 exactly, 0 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 14 of 17 officers and directors. Left out: Jason Phillips (holdings couldn't be fully reconciled); Lisa Sawicki and Christina Kosmowski (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$14.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $14.0M across 29,609 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($3.8M), including tax-related sales outside a plan.

No plan disclosed · $3.8M

Sales with no 10b5-1 plan and no tax reference in the filing. $3.6M of it is Michael West. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Michael West, Mar 4, 2026

Taxes

28,503 shares ($13.3M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Robert Fauber
President and CEO, Director
21K$9.7M100%69%Oct 15, 2025 to Oct 1, 2026
Michael West
President, Moody's Investors
7.6K$3.6M0%26%Feb 26, 2026 to Mar 4, 2026
Richard Steele
SVP - General Counsel
1K$470K100%3%Oct 28, 2025 to Jul 1, 2026
Jason Phillips
Chief Acctg Off & Controller
333$157K0%1%Mar 4, 2026 to Mar 4, 2026
Noemie Heuland
SVP & Chief Financial Officer
100$47K0%0.3%Mar 4, 2026 to Mar 4, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$482K$482K$0$0
Nov 2025$559K$559K$0$0
Dec 2025$568K$568K$0$0
Jan 2026$590K$590K$0$0
Feb 2026$2.2M$592K$0$1.6M
Mar 2026$4.8M$2.6M$0$2.2M
Apr 2026$711K$711K$0$0
May 2026$758K$758K$0$0
Jun 2026$737K$737K$0$0
Jul 2026$740K$740K$0$0
Aug 2026$710K$710K$0$0
Sep 2026$736K$736K$0$0
Oct 2026$420K$420K$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a quarter of the 5-year average. 5 insiders sold; the average is 6 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
30K5$14.0M
Oct 9, 2025
1 year earlier
41K6$20.1M
Oct 9, 2024
2 years earlier
36K5$13.9M
Oct 10, 2023
3 years earlier
148K7$44.0M
Oct 10, 2022
4 years earlier
33K6$9.8M
Oct 10, 2021
5 years earlier
311K8$88.7M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Jason Phillips: holdings couldn't be fully reconciled (difference of 14 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +11.652 shares on Oct 1, 2026 (Direct). Filing, Oct 1, 2026

Footnote: "Withholding of shares to satisfy tax obligation."

Inferred rename: "Trust" is treated as the same holder as "Trust I", because the old name was never reported again and the new one opened with the same balance (38,226 shares). Old name, new name

Inferred rename: "mother's estate" is treated as the same holder as "sister's trust account", because the old name was never reported again and the new one opened with the same balance (1,000 shares). Old name, new name

Inferred rename: "sister's trust account" is treated as the same holder as "Held in trust for sister", because the old name was never reported again and the new one opened with the same balance (1,000 shares). Old name, new name

Inferred rename: "National Indemnity Company" is treated as the same holder as "Government Employees Insurance Company", because the old name was never reported again and the new one opened with the same balance (28,415,250 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,742 filings from SEC EDGAR, and how we read them

All 1,742 Forms 3, 4 and 5 filed for Moody's Corporation (SEC CIK 1059556) from Oct 10, 2000 to Oct 5, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 2 filings were left out because Moody's Corporation filed them as an owner of another company's stock. 6 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Jun 15, 2005 (first filing that shows post-split balances). Splits aren't reported as transactions; 9 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (40)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Kathryn HillMar 17, 202519,612 shares, last reported balance as of Mar 14, 2025
Caroline SullivanMar 4, 20251,508 shares, last reported balance as of Mar 3, 2025
MOODYS CORP /DE/Feb 22, 20242,417 shares, last reported balance as of Feb 21, 2024
Mark KayeAug 8, 20234,447 shares, last reported balance as of Aug 7, 2023
Raymond McDanielMar 24, 2023439,624 shares, last reported balance as of Mar 17, 2023
John GogginsMar 7, 20238,587 shares, last reported balance as of Mar 6, 2023
Melanie HughesAug 13, 20213,763 shares, last reported balance as of Aug 12, 2021
Henry McKinnellMar 19, 202189,488 shares, last reported balance as of Mar 18, 2021
Basil AndersonMar 19, 202145,529 shares, last reported balance as of Mar 18, 2021
Gerrit ZalmFeb 21, 20202,794 shares, last reported balance as of Feb 20, 2020
Mark AlmeidaAug 16, 2019174,385 shares, last reported balance as of Aug 14, 2019
Richard CantorMay 14, 201950,004 shares, last reported balance as of May 13, 2019
Blair WorrallNov 19, 201813,970 shares, last reported balance as of Nov 16, 2018
Linda HuberAug 8, 201868,484 shares, last reported balance as of Aug 6, 2018
Jeffrey HareJun 22, 201825,380 shares, last reported balance as of Jun 16, 2018
David HoganJun 22, 20182,489 shares, last reported balance as of Jun 16, 2018
Michael CrimminsMay 14, 20182,968 shares, last reported balance as of May 11, 2018
Darrell DuffieApr 3, 201821,944 shares, last reported balance as of Apr 2, 2018
Ewald KistFeb 20, 201828,179 shares, last reported balance as of Feb 16, 2018
Lisa WestlakeMar 2, 201724,743 shares, last reported balance as of Mar 1, 2017
Michel MadelainJun 3, 201679,463 shares, last reported balance as of Jun 1, 2016
John WulffApr 4, 201638,396 shares, last reported balance as of Mar 10, 2016
Joseph McCabeMar 2, 201630,041 shares, last reported balance as of Mar 1, 2016
Robert GlauberMay 6, 201424,637 shares, last reported balance as of May 5, 2014
BERKSHIRE HATHAWAY INCMay 9, 201324,922,178 shares, last reported balance as of May 9, 2013
Cornelius McGillicudy IIIFeb 9, 201122,356 shares, last reported balance as of Feb 8, 2011
Nancy NewcombFeb 9, 201121,546 shares, last reported balance as of Feb 8, 2011
Perry RotellaMar 4, 20095,090 shares, last reported balance as of Mar 2, 2009
Andrew KrieglerMar 5, 20086,406 shares, last reported balance as of Mar 3, 2008
Brian ClarksonMar 5, 200870,834 shares, last reported balance as of Mar 3, 2008
Jeanne DeringMar 2, 200763,255 shares, last reported balance as of Mar 1, 2007
Jennifer ElliottMar 2, 200711,692 shares, last reported balance as of Mar 1, 2007
Chester MurrayMay 16, 200557,402 shares, last reported balance as of Feb 24, 2005
John Rutherfurd Jr.Apr 28, 2005140,862 shares, last reported balance as of Apr 26, 2005
Mary EvansMar 14, 200596,418 shares, last reported balance as of Mar 10, 2005
Douglas WoodhamNov 23, 200413,432 shares, last reported balance as of Nov 22, 2004
Judith VanceJul 12, 20043,492 shares, last reported balance as of Jul 8, 2004
Hall Adams Jr.Mar 12, 200414,130 shares, last reported balance as of Feb 9, 2004
Charles BruschiFeb 11, 20046,700 shares, last reported balance as of Feb 9, 2004
Clifford Alexander Jr.Dec 12, 2003No balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.