Form 4: Allegiant Travel CO Executive Gregory Clark Anderson Reports Stock Transaction
SEC Form 4 Filing
Gregory Clark Anderson, President of Allegiant Travel CO, reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On August 1, 2024, Gregory Clark Anderson, President of Allegiant Travel CO, disposed of 3,561 shares of common stock to cover tax withholding requirements.
- The shares were effectively repurchased by the company at a price of $49.83 per share.
- Following the transaction, Anderson directly owns 125,132 shares of Allegiant Travel CO.
- The transaction was related to the vesting of restricted stock granted on August 1, 2021, and August 1, 2022.
Sentiment
Score: 5
Explanation: The document reports a routine stock transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. The sale of shares to cover tax obligations upon vesting of restricted stock is a typical practice.
Key Dates
| Date | Description |
|---|---|
| 08/01/2021 | Beneficial owner granted shares of restricted stock. |
| 08/01/2022 | Beneficial owner granted shares of restricted stock. |
| 08/01/2024 | Transaction date: Disposition of shares for tax withholding. |
| 08/02/2024 | Date of report filing. |
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