Form 4: Spirit AeroSystems Executive Alan W. Young Reports Stock Transactions

Alan W. Young, SVP of Fabrication & Procurement at Spirit AeroSystems, reported transactions involving Class A Common Stock and Restricted Stock Units on February 26, 2024.

Summary

• On February 26, 2024, Alan W. Young, a Senior Vice President at Spirit AeroSystems, reported transactions involving the company's stock.
• These transactions included the conversion of restricted stock units into Class A Common Stock.
• Young acquired 2,255 shares of Class A Common Stock through the conversion of restricted stock units and disposed of 982 shares to cover tax obligations at a price of $28.39.
• His spouse also acquired 244 shares of Class A Common Stock through restricted stock unit conversion and disposed of 122 shares at $28.39.
• Following these transactions, Young directly owns 29,700 shares and indirectly owns 3,088 shares through his spouse.
• He also directly holds 24,928 restricted stock units and indirectly holds 2,806 restricted stock units through his spouse.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting stock transactions. It doesn't inherently indicate positive or negative sentiment about 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.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.

Key Dates