Form 4: Allegiant Travel Co. Officer Aretos Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
Rebecca Aretos, Principal Accounting Officer of Allegiant Travel Co., disposed of 721 shares of common stock on April 3, 2024, to cover tax obligations upon vesting of restricted stock.
Summary
- On April 3, 2024, Rebecca Aretos, the Principal Accounting Officer of Allegiant Travel Co. (ALGT), disposed of 721 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, Aretos directly owns 7,638 shares of Allegiant Travel Co. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This transaction is a common occurrence related to the vesting of employee stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to employee stock compensation.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Date of restricted stock grant to Rebecca Aretos. |
| 04/03/2024 | Date of stock disposal for tax withholding. |
| 04/05/2024 | Date of Form 4 filing. |
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