Form 4: Allegiant Travel CO Executive VP Scott DeAngelo Disposes of Shares for Tax Obligations

Executive Vice President and CMO of Allegiant Travel CO, Scott DeAngelo, disposed of 9,373 shares of common stock on April 3, 2024, to cover tax withholding obligations related to vested restricted stock.

Summary

• On April 3, 2024, Scott Wayne DeAngelo, Executive Vice President and CMO of Allegiant Travel CO, disposed of 9,373 shares of common stock.
• The transaction was executed to cover tax withholding requirements 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, DeAngelo directly owns 84,499 shares of Allegiant Travel CO.
• The transaction was reported on Form 4, filed with the SEC on April 5, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is a standard procedure for tax obligations related to vested stock.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax obligations. This transaction is a routine part of executive compensation and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not represent a significant change in ownership.

Key Dates