Form 4: Allison Transmission Director Richard Lavin Reports Departure and Settlement of Deferred Stock Units
SEC Form 4
Richard Lavin, a director at Allison Transmission Holdings, reports the settlement of deferred stock units and dividend equivalents following his departure from the company on May 7, 2025.
Summary
- Richard P. Lavin, a director at Allison Transmission Holdings Inc., reported changes in his beneficial ownership of the company's securities on May 9, 2025.
- The report details the settlement of deferred stock units (DSUs) and related dividend equivalents following Lavin's separation from service on May 7, 2025.
- Lavin did not stand for re-election at the company's 2025 annual meeting of stockholders, and his term ended on May 7, 2025.
- A total of 31,584 DSUs and dividend equivalents were settled, resulting in a remaining balance of 41,410 common stock shares beneficially owned.
- The settled DSUs include various grants from 2018 to 2024, all of which had vested.
- Each DSU is the economic equivalent of one share of Allison Transmission's common stock and is payable in common stock or cash at the company's election upon separation from service or a change in control.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a director's departure and the settlement of deferred stock units. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and changes in beneficial ownership, which is common in the corporate environment.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Richard P. Lavin | May 7, 2025 | Did not stand for re-election |
Stakeholder Impact
- Shareholders may be interested in changes to executive compensation and ownership.
- Employees may be interested in changes to the board of directors.
Key Dates
| Date | Description |
|---|---|
| May 10, 2018 | Reporting person was granted 2,859 DSUs that vested on May 8, 2019. |
| August 10, 2018 | Reporting person was granted 477 DSUs that vested on August 10, 2018. |
| November 12, 2018 | Reporting person was granted 473 DSUs that vested on November 12, 2018. |
| February 11, 2019 | Reporting person was granted 464 DSUs that vested on February 11, 2019. |
| May 8, 2019 | Reporting person was granted 482 DSUs that vested on May 8, 2019. |
| May 9, 2019 | Reporting person was granted 2,880 DSUs that vested on May 6, 2020. |
| August 9, 2019 | Reporting person was granted 245 DSUs that vested on August 9, 2019. |
| November 8, 2019 | Reporting person was granted 227 DSUs that vested on November 8, 2019. |
| February 10, 2020 | Reporting person was granted 246 DSUs that vested on February 10, 2020. |
| May 6, 2020 | Reporting person was granted 298 DSUs that vested on May 6, 2020. |
| May 7, 2020 | Reporting person was granted 3,600 DSUs that vested on May 5, 2021. |
| August 7, 2020 | Reporting person was granted 283 DSUs that vested on August 7, 2020. |
| November 6, 2020 | Reporting person was granted 280 DSUs that vested on November 6, 2020. |
| February 8, 2021 | Reporting person was granted 242 DSUs that vested on February 8, 2021. |
| May 5, 2021 | Reporting person was granted 249 DSUs that vested on May 5, 2021. |
| May 6, 2021 | Reporting person was granted 2,927 DSUs that vested on May 4, 2022. |
| August 6, 2021 | Reporting person was granted 633 DSUs that vested on August 6, 2021. |
| November 5, 2021 | Reporting person was granted 689 DSUs that vested on November 5, 2021. |
| February 4, 2022 | Reporting person was granted 631 DSUs that vested on February 4, 2022. |
| May 4, 2022 | Reporting person was granted 614 DSUs that vested on May 4, 2022. |
| May 5, 2022 | Reporting person was granted 3,746 DSUs that vested on May 3, 2023. |
| August 5, 2022 | Reporting person was granted 656 DSUs that vested on August 5, 2022. |
| November 4, 2022 | Reporting person was granted 577 DSUs that vested on November 4, 2022. |
| February 3, 2023 | Reporting person was granted 538 DSUs that vested on February 3, 2023. |
| May 3, 2023 | Reporting person was granted 547 DSUs that vested on May 3, 2023. |
| May 4, 2023 | Reporting person was granted 3,146 DSUs that vested on May 8, 2024. |
| August 3, 2023 | Reporting person was granted 547 DSUs that vested on August 3, 2023. |
| November 3, 2023 | Reporting person was granted 614 DSUs that vested on November 3, 2023. |
| February 5, 2024 | Reporting person was granted 526 DSUs that vested on February 5, 2024. |
| May 7, 2025 | Richard Lavin's term as director ended; separation from service; settlement of DSUs and dividend equivalents. |
| May 9, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Deferred Stock Units, Director, Allison Transmission, ALSN, Richard Lavin, Separation from Service, Dividend Equivalents, Stock Options
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