Form 4: Spirit AeroSystems CEO Patrick Shanahan Reports Stock Transactions
SEC Form 4
Patrick Shanahan, President and CEO of Spirit AeroSystems Holdings, Inc., reports the disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 30, 2024, Patrick Shanahan, the President and CEO of Spirit AeroSystems Holdings, Inc., reported transactions involving Class A Common Stock.
- Shanahan disposed of 165,221 shares to cover tax obligations related to the vesting of restricted stock units.
- Additionally, 67,094 shares were disposed of at a price of $32.51.
- Following these transactions, Shanahan directly owns 110,269 shares of Class A Common Stock and 603,014 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment, but rather provides information about insider activity.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- Shareholders may be interested in the insider's stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/30/2023 | Reporting person was granted 495,662 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 09/30/2024 | Date of stock transactions: disposition of shares for tax obligations and sale of shares. |
| 10/01/2024 | Date of signature for the Form 4 filing. |
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