Form 4: Allison Transmission Director Richard Lavin Acquires Deferred Stock Units
SEC Form 4 Filing
Richard Lavin, a director at Allison Transmission Holdings Inc, acquired 433 deferred stock units representing a quarterly payment of director fees.
Summary
- On August 8, 2024, Richard P Lavin, a director of Allison Transmission Holdings Inc, acquired 433 deferred stock units.
- These units represent a quarterly payment of his director's fees under the company's compensation policy.
- Each deferred stock unit is equivalent to one share of Allison Transmission's common stock.
- The units will be payable in common stock or cash upon separation from service or a change in control.
- The price used to calculate the number of DSUs was $85.11, the closing price of the company's common stock on the date of grant.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with the company's performance. There are no indications of negative events or concerns.
Future Outlook
The deferred stock units will be payable in common stock or cash at the earlier of the reporting person's separation from service or a change in control.
Industry Context
This filing is a routine disclosure of director compensation in the form of deferred stock units, a common practice among publicly traded companies to align director interests with shareholder value.
Related Party Transactions
- The grant of deferred stock units to Richard Lavin, a director, is a related party transaction as it involves compensation to a company insider.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It reflects standard director compensation practices, which are designed to align director interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of transaction: Richard Lavin acquired 433 deferred stock units. |
| 08/12/2024 | Date of signature on the Form 4 filing. |
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