Form 4: Allegiant Travel CFO Robert Neal Reports Stock Transactions
SEC Form 4 Filing
CFO Robert Neal reports acquisition of shares via restricted stock grant and disposition of shares for tax withholding.
Summary
- On September 23, 2024, Robert James Neal, CFO of Allegiant Travel Co., acquired 8,938 shares of common stock through a restricted stock grant.
- On October 1, 2024, Neal disposed of 151 shares of common stock at a price of $56.41 per share to cover tax withholding obligations related to the vesting of restricted stock granted on October 1, 2022.
- Following these transactions, Neal directly owns 27,922 shares of Allegiant Travel Co. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and don't necessarily indicate a positive or negative outlook for the company.
Positives
- The acquisition of shares through a restricted stock grant aligns the CFO's interests with those of the company and its shareholders.
Negatives
- The sale of shares to cover tax obligations, while common, slightly reduces the CFO's holdings.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are regularly reported to the SEC. These transactions can provide insights into management's perspective on the company's performance and future prospects.
Key Dates
| Date | Description |
|---|---|
| 10/01/2022 | Beneficial owner granted shares of restricted stock with vesting over time. |
| 09/23/2024 | Grant of restricted stock with vesting over three years. |
| 10/01/2024 | Disposition of shares for tax withholding. |
| 10/02/2024 | Date of signature by Robert B. Goldberg under power of attorney. |
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