Summary
Moody's Corporation (MCO) filed an 8-K on August 3, 2023, to report on a personnel matter related to Executive Vice President – General Counsel, John J. Goggins. The filing confirms Mr. Goggins' previously announced retirement and details an action taken by the Compensation & Human Resources Committee of the Board of Directors. Specifically, the committee waived the one-year service requirement for Mr. Goggins' 2023 equity awards. This decision allows for the acceleration or modification of these awards in connection with his retirement, which is an important detail for understanding executive compensation and potential financial implications for departing officers.
Key Highlights
- 1John J. Goggins, Executive Vice President – General Counsel, is retiring.
- 2The retirement of Mr. Goggins was previously announced.
- 3The Compensation & Human Resources Committee acted on August 1, 2023.
- 4The committee waived the one-year service requirement for Mr. Goggins' 2023 equity awards.
- 5This waiver relates to his retirement from Moody's Corporation.