Form 4: Allegiant Travel CO: COO Keny Frank Wilper Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
COO Keny Frank Wilper disposed of 783 shares of Allegiant Travel CO stock on April 3, 2024, to cover tax obligations related to vested restricted stock.
Summary
- On April 3, 2024, Keny Frank Wilper, COO of Allegiant Travel CO, disposed of 783 shares of common stock.
- The transaction was executed to cover tax withholding requirements upon 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, Wilper beneficially owns 11,297 shares of Allegiant Travel CO stock, which includes 21 shares of restricted stock acquired on October 31, 2023, through the employee stock purchase plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership. It doesn't necessarily indicate a change in the company's outlook or strategy. Such transactions are common among executives who receive stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine stock disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Beneficial owner granted shares of restricted stock with vesting over time. |
| 10/31/2023 | Beneficial owner acquired 21 shares of restricted stock pursuant to issuer's employee stock purchase plan. |
| 04/03/2024 | COO disposed of 783 shares of common stock for tax withholding. |
| 04/05/2024 | Date of Form 4 signature. |
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