Form 4: SkyWest Inc. Executive Wade J. Steel Reports Stock Disposal
SEC Form 4 Filing
Wade J. Steel, Chief Commercial Officer of SkyWest Inc., reported the disposal of 26,562 shares of common stock to cover tax obligations.
Summary
- On February 10, 2025, Wade J. Steel, Chief Commercial Officer of SkyWest Inc., disposed of 26,562 shares of common stock at a price of $113.32 per share.
- The transaction was executed to cover tax obligations related to vesting of restricted stock.
- Following the transaction, Steel directly owns 134,416 shares of SkyWest Inc. common stock and indirectly owns 10,451 shares through a 401K plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a routine stock disposal for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to non-public information.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock disposal transaction |
| 02/12/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Insider Trading, Stock Disposal, Beneficial Ownership, SkyWest Inc., SKYW, Wade J. Steel, Chief Commercial Officer
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