Form 4: Allegiant Travel CO CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert James Neal, CFO of Allegiant Travel CO, sold shares of common stock on August 4, 2024, to cover tax withholding obligations related to vested restricted stock.
Summary
- On August 4, 2024, Robert James Neal, the CFO of Allegiant Travel CO, engaged in a transaction involving the company's common stock.
- Neal disposed of 260 shares at a price of $43.66 per share.
- This transaction was executed to cover tax withholding requirements associated with the vesting of restricted stock granted on August 4, 2023.
- Following the transaction, Neal directly owns 19,135 shares of Allegiant Travel CO common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment.
Industry Context
Executive share sales are a common occurrence, often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on the company's overall performance or stock price, unless it signals a broader trend of insider selling or a change in management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/04/2023 | Date of restricted stock grant with vesting over three years. |
| 08/04/2024 | Date of transaction: CFO sold shares to cover tax obligations. |
| 08/06/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.