4/A: Spirit AeroSystems CFO Corrects Stock Unit Grant in Amended SEC Filing

Mark Suchinski, SVP & CFO of Spirit AeroSystems, files an amended SEC Form 4 to correct the number of restricted stock units granted on February 9, 2024.

Summary

• Mark Suchinski, the SVP & CFO of Spirit AeroSystems Holdings, Inc., filed an amendment to a previous SEC Form 4.
• The amendment corrects the number of restricted stock units (RSUs) granted to Suchinski on February 9, 2024.
• The original filing on February 13, 2024, inadvertently over-reported the number of RSUs.
• The corrected filing states that Suchinski was granted 24,683 RSUs, which vest in three annual installments starting on the first anniversary of the grant date.
• Each RSU converts into one share of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of an SEC filing, indicating standard corporate governance practices. The correction itself doesn't suggest any positive or negative outlook for the company, but the transparency is viewed neutrally positive.

Future Outlook

The restricted stock units vest in three annual installments beginning on the first anniversary of the grant date.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It provides transparency into the equity-based compensation of key executives.

Stakeholder Impact

• Shareholders benefit from accurate reporting of executive compensation.
• The correction ensures transparency in executive equity holdings.

Key Dates