Form 4: Allison Transmission Executive Scroggins Exercises Performance Stock Units

Eric C. Scroggins, VP, Gen. Counsel & Secretary of Allison Transmission Holdings, Inc., exercised performance-based restricted stock units and sold shares to cover tax obligations on February 28, 2024.

Summary

• On February 28, 2024, Eric C. Scroggins, VP, Gen. Counsel & Secretary of Allison Transmission Holdings, Inc. (ALSN), exercised 4,383 performance-based restricted stock units (PSUs) that were granted on February 10, 2021.
• Each PSU represents a contingent right to receive one share of ALSN common stock.
• Following the transaction, Scroggins directly owns 16,662 shares of common stock.
• 1,290 shares were withheld by ALSN to satisfy tax withholding obligations related to the vesting of the PSUs at a price of $75.59, resulting in direct ownership of 15,372 shares.

Sentiment

Score: 5

Explanation: This is a routine insider transaction related to equity compensation. It's neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the exercise of previously granted equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves the exercise of previously granted equity.

Key Dates