Form 4: Allegiant Travel CO: Officer Wilper Keny Frank Disposes of Shares for Tax Withholding
SEC Form 4 Filing
COO (former) Wilper Keny Frank disposed of 179 shares of Allegiant Travel CO common stock on April 3, 2025, to cover tax obligations related to vested restricted stock.
Summary
- On April 3, 2025, Wilper Keny Frank, a former COO of Allegiant Travel CO, disposed of 179 shares of common stock.
- The transaction was executed to cover tax withholding obligations arising from the vesting of restricted stock granted on April 3, 2023.
- The shares were effectively repurchased by the company at a price of $48.71 per share.
- Following the transaction, Wilper Keny Frank directly owns 16,196 shares of Allegiant Travel CO common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction for tax purposes, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It reflects the standard practice of executives managing their equity compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Beneficial owner granted shares of restricted stock with vesting over time. |
| 04/03/2025 | Transaction date: Disposal of 179 shares for tax withholding. |
| 04/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Allegiant Travel CO, ALGT, Wilper Keny Frank, insider trading, stock disposal, tax withholding, restricted stock, COO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.