Form 4: Spirit AeroSystems Director Receives Restricted Stock Units

Director James R. Ray Jr. was granted 4,543 restricted stock units in Spirit AeroSystems Holdings, Inc.

Summary

• James R. Ray Jr., a director of Spirit AeroSystems Holdings, Inc., received 4,543 restricted stock units on May 6, 2024.
• These restricted stock units will convert into Class A Common Stock on a one-for-one basis once vested and payable.
• The units are subject to a service condition, requiring Ray to remain a Director until May 6, 2025.
• Benefits will be paid in shares of stock upon Ray's termination of service, provided the service condition is met.
• Following the transaction, Ray directly owns 16,288 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices, aligning director interests with shareholder value.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The service condition encourages continued commitment from the director.

Future Outlook

The restricted stock units will vest if the service condition is met, aligning the director's interests with the company's performance until May 6, 2025.

Industry Context

This type of equity compensation is common for directors of publicly traded companies to align their interests with shareholders.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates