Form 4: Air Transport Services Group CEO Michael Berger Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Michael Berger of Air Transport Services Group, Inc. disposed of 4,125 shares of common stock on December 31, 2024, to cover tax obligations related to a vested restricted share award.
Summary
- On December 31, 2024, Michael L. Berger, CEO of Air Transport Services Group, Inc. (ATSG), disposed of 4,125 shares of common stock.
- The transaction was executed to cover taxes owed for a restricted share award that vested on the same date.
- The shares were returned to the company's authorized but unissued reserve at a price of $21.98 per share.
- Following the transaction, Berger directly owns 151,364 shares of ATSG common stock.
Sentiment
Score: 5
Explanation: Neutral. This is a standard transaction for covering tax obligations related to vested stock awards.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction and vesting of restricted share award. |
| 01/02/2025 | Date of Form 4 filing. |
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