PAY VERSUS PERFORMANCE

As required by Item 402(v) of Regulation S-K, we disclose the following information about the relationship between the executive compensation actually paid by the Company and the Company’s performance on select financial metrics. For further information about the Company's pay philosophy, including its relationship to Company performance, please refer to the Compensation Discussion and Analysis beginning on page 17.


Year	Summary Compensation Table Total for First PEO(1)		Summary Compensation Table Total for Second PEO(1)	Compensation Actually Paid to First PEO(2)		Compensation Actually Paid to Second PEO(2)	Average Summary Compensation Table Total for Non-PEO NEOs(1)		Average Compensation Actually Paid to Non-PEO NEOs(3)		Value of Initial Fixed $100 Investment Based On:				Net Income (millions)(6)		Adjusted EBITDA (millions)(7)
											Total Shareholder Return (TSR)(4)		Peer Group Total Shareholder Return(5)
(a)	(b)(1)		(b)(2)	(c)(1)		(c)(2)	(d)		(e)		(f)		(g)		(h)		(i)
2024	$	10,187,189	n/a	$	8,171,164	n/a	$	1,862,270	$	2,450,340	$	332.15	$	196.22	$	207	$	476
2023	6,015,785		2,252,909	4,620,741		2,882,604	1,676,308		2,042,164		184.42		136.02		171		401
2022	n/a		4,030,668	n/a		3,747,172	1,572,066		1,560,229		113.60		122.27		155		354
2021	n/a		5,397,096	n/a		4,087,161	1,509,488		1,535,269		121.49		129.60		157		329

Total Shareholder Return (“TSR”) represents the cumulative investment return of an initial fixed $100 investment in Moog A stock during the period commencing on October 3, 2020 and ending on the last day of the covered fiscal year, assuming dividend reinvestment.Reflects net income for the covered fiscal year, as reported in our Annual Report on Form 10-K for such year.(7)Adjusted EBITDA is defined as reported earnings before interest, tax, depreciation and amortization excluding, but not limited to, the impacts of non-operating events and the gain or loss on asset sales.

Named Executive Officers, Footnote

During 2024, Mr. Roche served as Moog’s Principal Executive Officer (“PEO”). During 2023, both Mr. Roche and Mr. Scannell served as PEO. Mr. Roche (“First PEO”) served as CEO beginning on February 1, 2023 and Mr. Scannell (“Second PEO”) served as Chairman and CEO in 2021, 2022 and through January 31, 2023. The dollar amount reported in column (b)(1) reflects the total compensation reported for the First PEO, the dollar amounts reported in column (b)(2) reflect the total compensation reported for the Second PEO and the dollar amounts reported in column (d) reflect the average total compensation reported for the Company’s non-PEO NEOs in the Summary Compensation Table for each fiscal year. The PEO(s) and non-PEO NEOs for each fiscal year are:


Year	First PEO	Second PEO	Non-PEO NEOs
2024	Pat Roche	n/a	Jennifer Walter, Mark J. Trabert, Michael Schaff, Mark Graczyk
2023	Pat Roche	John R. Scannell	Jennifer Walter, Mark J. Trabert, Maureen M. Athoe, Paul Wilkinson
2022	n/a	John R. Scannell	Jennifer Walter, Pat Roche, Mark J. Trabert, Maureen M. Athoe
2021	n/a	John R. Scannell	Jennifer Walter, Mark J. Trabert, Maureen M. Athoe, Pat Roche

Adjustment To PEO Compensation, Footnote

The dollar amount reported in column (c)(1) represents the compensation actually paid to the First PEO and the dollar amounts reported in column (c)(2) represent the compensation actually paid to the Second PEO, as computed in accordance with SEC rules. The following adjustments were made to the PEOs’ total compensation for each fiscal year to determine the compensation actually paid:


Name / Year	Summary Compensation Table Total for PEOs		Grant Date Fair Value of Awards Granted During Year(a)		Equity Award Adjustments(b)		Change in the Actuarial Present Value of Pension Benefits		Pension Benefit Adjustments(c)		Compensation Actually Paid to PEOs
Pat Roche
2024	$	10,187,189	$	(2,322,512)	$	5,608,241	$	(5,568,507)	$	266,753	$	8,171,164
2023	6,015,785		(1,772,181)		2,557,148		(2,269,517)		89,506		4,620,741
John R. Scannell
2023	$	2,252,909	$	(107,738)	$	1,853,783	$	(1,116,350)	$	—	$	2,882,604
2022	4,030,668		(2,000,015)		1,716,519		—		—		3,747,172
2021	5,397,096		(1,750,210)		2,177,037		(1,736,762)		—		4,087,161

(a)Represents total of the amount reported in the "Stock Awards" and "Option Awards" columns of the Summary Compensation Table for the covered fiscal year.

(b)In accordance with SEC rules, the fair values of outstanding and unvested equity awards were recalculated as of the end of each fiscal year and the fair values of vested equity awards were recalculated as of each vesting date for each fiscal year, as set forth in the table below. The assumptions used for determining fair value shown in this table do not differ materially from those used to determine the fair values disclosed as of the grant date of such awards. The equity award adjustments for each fiscal year were calculated by adding or deducting the following amounts:


Name / Year	Year End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year		Change in Year over Year Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		Change in Year over Year Fair Value of Equity Awards Granted in Prior Years that Vested in the Year		Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Fair Value or Total Compensation		Total Equity Award Adjustments
Pat Roche
2024	$	3,006,574	$	2,037,401	$	—	$	564,266	$	—	$	—	$	5,608,241
2023	2,062,392		369,866		—		126,468		(1,578)		—		2,557,148
John R. Scannell
2023	$	—	$	1,139,489	$	107,738	$	615,461	$	(8,905)	$	—	$	1,853,783
2022	1,777,968		(58,882)		—		84,684		(87,251)		—		1,716,519
2021	1,856,107		113,451		—		207,479		—		—		2,177,037

(c)The total pension benefit adjustments for each fiscal year were calculated by aggregating the service costs. There were no prior service costs. Mr. Scannell’s service cost for fiscal 2023, 2022 and 2021 was zero, as the service cap of 25 years had been exceeded for his DB SERP benefit. Mr. Scannell's benefit was growing with service in ERP, but the ERP benefit was an offset to the DB SERP benefit.

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,450,340

2,042,164

1,560,229

1,535,269

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Company TSR

The following graph reflects the compensation actually paid to the First PEO and the Second PEO and the average compensation actually paid to the Company’s non-PEO NEOs compared to the Company's TSR and the peer group's TSR over the last four reported fiscal years. The Company’s executive compensation generally aligns with our TSR performance.

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Adjusted EBITDA

The following graph reflects the compensation actually paid to the First PEO and the Second PEO and the average compensation actually paid to the Company’s non-PEO NEOs compared to the Company's Adjusted EBITDA over the last four reported fiscal years. While the Company employs additional financial and non-financial measures to evaluate performance for compensatory purposes, the Company has determined that Adjusted EBITDA represents the most important financial performance measure to link compensation actually paid to Company performance during the most recently reported fiscal year. The Company utilizes Adjusted EBITDA as the sole performance metric to determine performance against established targets for its annual STI plan, as it measures our executives’ success at increasing the operational profitability of the business.

Total Shareholder Return Amount

$ 332.15

184.42

113.60

121.49

Net Income (Loss)

$ 207,000,000

$ 171,000,000

$ 155,000,000

$ 157,000,000

Name

Adjusted EBITDA