Form 4: Allegiant Travel CO: Officer Anderson Sells Shares for Tax Obligations
SEC Form 4 Filing
Gregory Clark Anderson, President & CEO of Allegiant Travel CO, disposed of 5,090 shares to cover tax withholding obligations related to vested restricted stock.
Summary
- On October 1, 2024, Gregory Clark Anderson, President & CEO of Allegiant Travel CO, disposed of 5,090 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 $56.41 per share.
- Following the transaction, Anderson directly owns 120,042 shares of Allegiant Travel CO.
- The transaction was reported on October 2, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| April 3, 2023 | Date of grant of restricted stock to the beneficial owner with vesting over time. |
| October 1, 2024 | Date of transaction: disposal of shares for tax withholding. |
| October 2, 2024 | Date of Form 4 filing. |
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