Form 4: Allison Transmission SVP John Coll Reports Stock Transactions
SEC Form 4 Filing
John Coll, SVP of Global MSS at Allison Transmission Holdings, reports the settlement of performance-based restricted stock units and related tax withholding.
Summary
- On February 28, 2024, John Coll, SVP of Global MSS at Allison Transmission Holdings, reported transactions involving the company's common stock.
- These transactions included the settlement of 7,944 performance-based restricted stock units (PSUs) granted on February 10, 2021, each representing a contingent right to receive one share of Allison Transmission Holdings common stock.
- Additionally, 2,312 shares were withheld by Allison Transmission to satisfy tax withholding obligations related to the vesting of these PSUs at a price of $75.59.
- Following these transactions, Coll directly owns 18,420 shares of common stock and indirectly owns 8,906 shares through the John Coll Living Trust dated 5/2/2005.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for executives to receive and exercise stock-based compensation.
Stakeholder Impact
- The transactions reported in this Form 4 filing have a minimal direct impact on stakeholders.
- Shareholders may be interested in insider transactions as an indicator of management's confidence in the company, but this particular filing relates to routine compensation.
Key Dates
| Date | Description |
|---|---|
| 02/10/2021 | Date of grant for the performance-based restricted stock units (PSUs). |
| 05/02/2005 | Date of the John Coll Living Trust. |
| 02/28/2024 | Date of the reported transactions, including PSU settlement and tax withholding. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.