Form 4: Allison Transmission Executive Coll John Reports Acquisition of Performance Stock Units
SEC Form 4 Filing
SVP Coll John reports acquisition of 11,522 Performance Stock Units (PSUs) of Allison Transmission Holdings Inc. based on performance conditions met during 2022-2024.
Summary
- On February 10, 2025, Coll John, SVP of Global MSS at Allison Transmission Holdings Inc., reported the acquisition of 11,522 Performance Stock Units (PSUs).
- These PSUs were granted on February 23, 2022, and the number earned was determined based on the company's performance between 2022 and 2024.
- The earned PSUs will vest on February 28, 2025, and each PSU represents a contingent right to receive one share of Allison Transmission Holdings, Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard executive compensation event tied to company performance. The vesting of PSUs suggests performance targets were met, which is mildly positive.
Positives
- The vesting of PSUs indicates that Allison Transmission met certain performance targets during the 2022-2024 period, which could be viewed positively by investors.
Industry Context
Executive compensation through performance-based stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The vesting of PSUs could have a slightly positive impact on shareholders as it indicates that the company met certain performance targets.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Reporting person was granted PSUs with the number of PSUs earned to be determined based on the extent to which certain performance conditions were met for a performance period of 2022-2024. |
| 02/10/2025 | Date of transaction: determination of earned PSUs based on ALSN's actual performance for 2022-2024, resulting in 11,522 PSUs earned. |
| 02/12/2025 | Date of Form 4 filing. |
| 02/28/2025 | Earned PSUs will vest. |
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