Form 4: Allison Transmission Executive Thomas Eifert Reports Stock Transactions
SEC Form 4 Filing
Thomas Eifert, VP at Allison Transmission, reports the vesting and settlement of restricted stock units and dividend equivalent rights, along with associated tax withholding.
Summary
- On February 23, 2024, Thomas Eifert, VP at Allison Transmission Holdings, Inc., reported transactions involving common stock.
- These transactions included the settlement of 1,059 restricted stock units (RSUs) granted on February 23, 2022, each representing a right to receive one share of ALSN common stock.
- Additionally, 41 dividend equivalent rights (DERs) were settled, which accrued as dividends were paid on ALSN common stock and vest proportionately with the RSUs.
- A total of 322 shares were withheld by ALSN to satisfy tax withholding obligations related to the vesting of the DERs and RSUs at a price of $74.63.
- Following these transactions, Eifert directly owns 7,094 shares of ALSN common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the vesting of previously granted compensation to an executive.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Date of grant for the restricted stock units (RSUs). |
| 02/23/2024 | Date of the reported transactions: settlement of RSUs and DERs, and tax withholding. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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