Form 4: Allison Transmission CEO David Graziosi Executes Stock Options and Sells Shares
SEC Form 4
David S. Graziosi, Chair, President, and CEO of Allison Transmission Holdings Inc, exercised stock options and sold shares of common stock on February 26 and 27, 2024.
Summary
- David S. Graziosi, the Chair, President, and CEO of Allison Transmission Holdings Inc, engaged in transactions involving the company's common stock on February 26 and 27, 2024.
- On February 26, 2024, Graziosi exercised options to acquire 29,696 shares at a price of $43.13 per share and then sold the same amount of shares at a weighted average price of $74.842, ranging from $74.6615 to $75.0200.
- On February 27, 2024, he exercised options to acquire 8,464 shares at $43.13 per share and 88,600 shares at $38.11 per share.
- Subsequently, on the same day, he sold 97,064 shares at a weighted average price of $74.8688, with prices ranging from $74.4700 to $75.4500.
- Following these transactions, Graziosi directly owns 134,064 shares of Allison Transmission Holdings Inc.
- He also holds 44,301 derivative securities in the form of employee stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment. This is a routine filing related to stock option exercises and sales by a company executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing reflects insider trading activity, which is common for executives who receive stock options as part of their compensation. The market may interpret these transactions as a reflection of the executive's confidence (or lack thereof) in the company's future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The vesting schedules and exercise prices are typical for such arrangements.
- Similar transactions are regularly reported by executives at comparable companies in the automotive and industrial sectors.
Stakeholder Impact
- Shareholders may interpret the transactions as a signal regarding management's view of the company's stock value.
- The transactions have no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | First vesting date for some of the employee stock options. |
| 02/24/2023 | First vesting date for some of the employee stock options. |
| 02/26/2024 | Date of stock option exercise and share sale by David S. Graziosi. |
| 02/27/2024 | Date of stock option exercise and share sale by David S. Graziosi. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
| 02/10/2031 | Expiration date for some of the employee stock options. |
| 02/24/2032 | Expiration date for some of the employee stock options. |
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