Form 4: Chad M. Pulley Reports Republic Airways Stock Transaction
Statement of Changes in Beneficial Ownership
Senior Vice President Chad M. Pulley reported the withholding of 5,913 shares of Republic Airways common stock to cover tax obligations.
Summary
- Chad M. Pulley, Senior Vice President, General Counsel, and Secretary, disposed of 5,913 shares of common stock.
- The transaction occurred on May 29, 2026, at a price of $20.35 per share.
- The shares were withheld by the issuer to satisfy tax withholding requirements related to the vesting of restricted stock.
- Following this transaction, the reporting person maintains beneficial ownership of 178,521 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative event related to executive compensation vesting rather than a strategic or market-moving development.
Positives
- The transaction reflects the vesting of restricted stock tied to the achievement of specific operational milestones.
Negatives
- The transaction resulted in a reduction of the reporting person's direct shareholding.
Risks
- None identified in this filing.
Future Outlook
No forward-looking guidance provided in this filing.
Management Comments
- The transaction represents shares withheld by the Issuer to pay taxes applicable to vesting of restricted stock in connection with the certification of achievement of a specified operational milestone.
Industry Context
StockSavvy.ai notes that tax-related share withholding is a standard administrative procedure for corporate executives upon the vesting of equity-based compensation and does not typically signal a change in management sentiment regarding the company's future performance.
Comparison to Industry Standards
- The practice of withholding shares to cover tax liabilities upon vesting is a standard corporate governance practice across the aviation and broader public company sectors.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine tax-related transaction.
Next Steps
- None mentioned.
Key Dates
| Date | Description |
|---|---|
| 05/29/2026 | Date of the earliest transaction involving the withholding of shares. |
| 06/02/2026 | Date the Form 4 was signed and filed. |
Keywords
Republic Airways, RJET, Form 4, Insider Trading, Stock Vesting, SEC Filing
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