Form 4: Allegiant Travel CO: Officer Aretos Reports Tax Withholding Transaction
SEC Form 4 Filing
Principal Accounting Officer Rebecca Aretos reports a transaction involving the surrender of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On August 4, 2024, Rebecca Aretos, Principal Accounting Officer of Allegiant Travel CO, reported a transaction on Form 4.
- The transaction involved the surrender of 143 common stock shares to the company for tax withholding purposes.
- The shares were effectively repurchased by the company at a price of $43.66 per share.
- Following the transaction, Aretos directly owns 7,495 shares of Allegiant Travel CO.
- The initial grant of restricted stock occurred on August 4, 2023, with vesting occurring over three years.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax withholding, which is neither particularly positive nor negative.
Industry Context
This transaction is a routine part of equity compensation plans, where employees surrender shares to cover tax obligations upon vesting. It's a common practice across publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the company's share count due to the repurchase of shares.
Key Dates
| Date | Description |
|---|---|
| 08/04/2023 | Date of initial restricted stock grant with vesting over three years. |
| 08/04/2024 | Date of transaction: surrender of shares for tax withholding. |
| 08/06/2024 | Date of Form 4 filing. |
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