Form 4: Allison Transmission Director Acquires Shares as Part of Quarterly Retainer
SEC Form 4
Director Sasha Ostojic acquired 279 shares of Allison Transmission Holdings Inc. as part of a quarterly retainer payment.
Summary
- On August 8, 2024, Sasha Ostojic, a director of Allison Transmission Holdings Inc., acquired 279 shares of common stock.
- The acquisition was part of the quarterly payment of the director's annual retainer, according to the company's Eighth Amended and Restated Non-Employee Director Compensation Policy.
- The shares were valued at $85.11 each, based on the closing price of the company's common stock on the date of grant.
- Following the transaction, Ostojic directly owns 6,289 shares of Allison Transmission Holdings Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transaction is a routine part of director compensation and indicates alignment with shareholder interests.
Positives
- The director's acquisition of shares demonstrates confidence in the company.
- The use of company stock for director compensation aligns director interests with shareholder interests.
Industry Context
Director compensation in the form of company stock is a common practice to align the interests of directors with those of shareholders. This Form 4 filing reflects a standard compensation practice.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of transaction: Sasha Ostojic acquired 279 shares of Allison Transmission Holdings Inc. |
| 08/12/2024 | Date of signature on the Form 4 filing. |
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