Form 4: Allison Transmission COO Exercises Stock Options, Disposes of Shares to Cover Taxes
SEC Form 4 Filing
G Frederick Bohley, COO, CFO & Treasurer of Allison Transmission Holdings, exercised stock options and disposed of shares to cover tax obligations, according to a recent SEC Form 4 filing.
Summary
- On February 21, 2025, G Frederick Bohley exercised 2,223 Restricted Stock Units (RSUs) and 25 Dividend Equivalent Rights (DERs), receiving shares of Allison Transmission Holdings Inc. (ALSN) common stock.
- He also exercised 2,908 RSUs and 86 DERs on February 22, 2025, and 2,886 RSUs and 147 DERs on February 23, 2025.
- To cover tax withholding obligations, 708 shares were withheld on February 21, 2025, 881 shares on February 22, 2025, and 892 shares on February 23, 2025, at a price of $100.67 per share.
- Following these transactions, Bohley directly owns 85,905 shares of ALSN common stock and indirectly owns 360 shares through his spouse.
Sentiment
Score: 5
Explanation: The document reflects routine executive compensation activity. It is neither particularly positive nor negative.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting and exercise of these equity awards are standard practice.
- Companies like Dana Incorporated and Meritor, Inc. (now part of Cummins) also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- They reflect part of the executive's compensation package and do not signal any significant change in the company's operations or outlook.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | Date of RSU grant settled on 02/21/2025 |
| 02/22/2023 | Date of RSU grant settled on 02/22/2025 |
| 02/23/2022 | Date of RSU grant settled on 02/23/2025 |
| 02/21/2025 | Exercise of RSUs and DERs, and withholding of shares for taxes. |
| 02/22/2025 | Exercise of RSUs and DERs, and withholding of shares for taxes. |
| 02/23/2025 | Exercise of RSUs and DERs, and withholding of shares for taxes. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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.