Form 4: Allegiant Travel CO CFO Sells Shares to Cover Tax Obligations
SEC Filing
Robert James Neal, CFO of Allegiant Travel CO, disposed of 1,253 shares of common stock on April 3, 2024, to cover tax withholding obligations related to vested restricted stock.
Summary
- On April 3, 2024, Robert James Neal, the CFO of Allegiant Travel CO, disposed of 1,253 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock granted on April 3, 2023.
- The shares were effectively repurchased by the company at a price of $65.90 per share.
- Following the transaction, Neal directly owns 19,395 shares of Allegiant Travel CO.
- The transaction was reported on Form 4, filed with the SEC on April 5, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (tax-related share disposal) and has no inherent positive or negative implications for the company's overall outlook.
Industry Context
Executive share disposals for tax purposes are a common occurrence, particularly after vesting of restricted stock units. This is a normal part of executive compensation and financial planning.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Beneficial owner granted shares of restricted stock with vesting over time. |
| 04/03/2024 | CFO disposed of 1,253 shares to cover tax withholding. |
| 04/05/2024 | Date of Form 4 filing. |
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