Form 4: Allison Transmission Executive Ryan A. Milburn Reports Stock Transactions
SEC Form 4 Filing
Ryan A. Milburn, VP of Engineering & Tech Development at Allison Transmission Holdings, reports the settlement of performance-based restricted stock units and shares withheld for tax obligations.
Summary
- On February 28, 2024, Ryan A. Milburn, VP of Engineering & Tech Development at Allison Transmission Holdings Inc [ALSN], reported transactions involving common stock.
- Milburn settled 3,634 performance-based restricted stock units (PSUs) which converted into common stock.
- Additionally, 1,036 shares were withheld by ALSN at a price of $75.59 to satisfy tax withholding obligations related to the vesting of the PSUs.
- Following these transactions, Milburn directly owns 17,054 shares of Allison Transmission Holdings Inc.
- The PSUs were granted on February 10, 2021, and each PSU represents the right to receive one share of ALSN common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It reflects standard compensation practices involving equity-based awards.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard execution of executive compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/10/2021 | Date of grant for the performance-based restricted stock units (PSUs). |
| 02/28/2024 | Date of the reported transactions: settlement of PSUs and tax withholding. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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