Form 4: Allegiant Travel CO COO, Keny Frank Wilper, Disposes of Shares for Tax Withholding
SEC Form 4 Filing
COO Keny Frank Wilper disposed of 260 shares of Allegiant Travel CO stock on August 4, 2024, to cover tax obligations related to vested restricted stock.
Summary
- On August 4, 2024, Keny Frank Wilper, COO of Allegiant Travel CO, disposed of 260 shares of common stock.
- The transaction was executed to cover tax withholding requirements upon the vesting of restricted stock granted on August 4, 2023.
- The shares were effectively repurchased by the company at a price of $43.66 per share.
- Following the transaction, Wilper directly owns 10,162 shares of Allegiant Travel CO common stock, which includes 26 shares of restricted stock acquired on April 30, 2024, through the employee stock purchase plan.
Sentiment
Score: 6
Explanation: The document reflects a neutral event (tax withholding) and doesn't indicate any significant positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/04/2023 | Beneficial owner granted shares of restricted stock with vesting over three years. |
| 04/30/2024 | Beneficial owner acquired 26 shares of restricted stock pursuant to issuer's employee stock purchase plan. |
| 08/04/2024 | COO disposed of shares to cover tax withholding. |
| 08/06/2024 | Date of the report. |
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