Form 4: Allison Transmission CFO Bohley Exercises Performance Stock Units
SEC Form 4 Filing
G Frederick Bohley, SVP, CFO & Treasurer of Allison Transmission Holdings, Inc., exercised performance stock units and sold shares to cover tax obligations on February 28, 2024.
Summary
- On February 28, 2024, G Frederick Bohley, the SVP, CFO & Treasurer of Allison Transmission Holdings, Inc. (ALSN), exercised 11,939 performance stock units (PSUs) that were granted on February 10, 2021.
- Each PSU represents a contingent right to receive one share of ALSN common stock.
- Following the exercise, Bohley disposed of 5,140 shares to satisfy tax withholding obligations at a price of $75.59 per share.
- After these transactions, Bohley directly owns 80,111 shares of ALSN common stock and indirectly owns 360 shares through his spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard insider transaction related to stock options and tax obligations.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 02/10/2021 | Date of grant for the performance-based restricted stock units (PSUs). |
| 02/28/2024 | Date of transaction: exercise of PSUs and disposal of shares for tax obligations. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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