Form 4: Allegiant Travel CO: Officer Wells Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
SVP, Chief Revenue Officer Drew Allen Wells disposed of 1,253 shares of Allegiant Travel CO stock to cover tax withholding obligations upon vesting of restricted stock.
Summary
- On April 3, 2024, Drew Allen Wells, SVP, Chief Revenue Officer of Allegiant Travel CO, disposed of 1,253 shares of common stock.
- The shares were sold to cover tax withholding requirements related to the vesting of restricted stock granted on April 3, 2023.
- The sale price was $65.90 per share.
- Following the transaction, Wells directly owns 18,247 shares of Allegiant Travel CO common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Beneficial owner granted shares of restricted stock. |
| 04/03/2024 | Transaction date: Wells disposed of 1,253 shares to cover tax obligations. |
| 04/05/2024 | Date of Form 4 signature. |
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