Form 4: Spirit AeroSystems Executive Alan W. Young Reports Stock Transactions
SEC Form 4
Alan W. Young, SVP of Fabrication & Procurement at Spirit AeroSystems, reported the vesting and subsequent disposal of shares to cover tax obligations.
Summary
- On March 4, 2024, Alan W. Young, SVP of Fabrication & Procurement at Spirit AeroSystems Holdings, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- 2,500 Restricted Stock Units vested and converted into Class A Common Stock.
- 1,109 shares were disposed of to satisfy tax obligations at a price of $34.34 per share.
- Following these transactions, Young directly owns 31,091 shares of Class A Common Stock and 22,428 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/04/2022 | Reporting person was granted 7,500 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 03/04/2024 | Date of the reported transactions: vesting of restricted stock units and disposal of shares for tax obligations. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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