Form 4: Spirit AeroSystems Director Receives Stock Units

Irene M. Esteves, a director at Spirit AeroSystems Holdings, Inc., was granted 8,663 restricted stock units on May 6, 2024.

Summary

• On May 8, 2024, a Form 4 filing was submitted to the SEC regarding Irene M. Esteves, a director at Spirit AeroSystems Holdings, Inc.
• The filing reports that on May 6, 2024, Ms. Esteves was granted 8,663 restricted stock units (RSUs).
• These RSUs are subject to a service condition, requiring Ms. Esteves to remain a director until May 6, 2025.
• 4,120 of these RSUs will result in a forfeiture of the applicable RSUs and a cash payment for the pro rata portion of the compensation subject to such RSUs that are earned as of the date of the reporting person's termination if service is terminated prior to the satisfaction of the service condition.
• Following the reported transaction, Ms. Esteves beneficially owns 65,010 shares of Spirit AeroSystems.

Sentiment

Score: 7

Explanation: The document indicates standard director compensation, which is generally viewed neutrally to positively as it aligns interests. There are no red flags or negative indicators.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.

Future Outlook

The restricted stock units will convert into common stock on a one-for-one basis once vested and payable.

Industry Context

Equity compensation is a common practice for aligning the interests of company directors with those of shareholders.

Stakeholder Impact

• The grant of RSUs to a director can be viewed positively by shareholders as it aligns management's interests with the company's long-term success.

Key Dates