Form 4: Allison Transmission Executive Scroggins Settles Performance Stock Units
SEC Form 4 Filing
Eric C. Scroggins, VP, Gen. Counsel & Assist. Sec of Allison Transmission Holdings, Inc., settled performance-based restricted stock units and sold shares to cover tax obligations on February 28, 2025.
Summary
- On February 28, 2025, Eric C. Scroggins, VP, Gen. Counsel & Assist. Sec of Allison Transmission Holdings, Inc., settled 6,362 performance-based restricted stock units (PSUs).
- These PSUs, granted on February 23, 2022, represent a contingent right to receive one share of Allison Transmission Holdings, Inc. (ALSN) common stock each.
- Following the transaction, Scroggins directly owns 19,025 shares of common stock.
- 1,869 shares were withheld by ALSN to satisfy tax withholding obligations related to the vesting of the PSUs at a price of $101.75.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard insider transaction related to equity compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the settlement of existing equity awards and does not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Date the performance-based restricted stock units (PSUs) were granted. |
| 02/28/2025 | Date of the transaction: settlement of PSUs and withholding of shares for tax obligations. |
| 03/04/2025 | Date of the signature on the Form 4 filing. |
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