Form 4: Allegiant Travel CO Executive Wells Drew Allen Reports Stock Transaction
SEC Form 4 Filing
SVP, Chief Commercial Officer of Allegiant Travel CO, Wells Drew Allen, reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On April 3, 2025, Wells Drew Allen, SVP, Chief Commercial Officer of Allegiant Travel CO, disposed of 179 shares of common stock to cover tax withholding.
- The shares were effectively repurchased by the company at $48.71 per share.
- Following the transaction, Allen directly owns 26,336 shares of Allegiant Travel CO.
- The transaction was related to the vesting of restricted stock granted on April 3, 2023.
Sentiment
Score: 5
Explanation: The document reports a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a standard procedure for covering tax obligations related to the vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine procedure for tax withholding.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Beneficial owner granted shares of restricted stock with vesting over time. |
| 04/03/2025 | Transaction date: Disposition of shares for tax withholding. |
| 04/04/2025 | Date of report. |
Keywords
Form 4, Allegiant Travel CO, ALGT, Wells Drew Allen, Stock Transaction, Tax Withholding, Restricted Stock, SVP, Chief Commercial Officer
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