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

Justin Welner, SVP, CAO & CCO of Spirit AeroSystems, files an amended SEC Form 4 to correct the number of restricted stock units granted on February 9, 2024.

Summary

• Justin Welner, a senior executive at 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 Welner on February 9, 2024.
• The original filing on February 13, 2024, incorrectly reported the number of RSUs.
• The corrected filing shows that Welner was granted 11,578 RSUs, which vest in three annual installments starting on the first anniversary of the grant date.
• These RSUs convert into Class A Common Stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error in an SEC filing. It doesn't indicate any fundamental issues with the company, but the initial error is a minor negative.

Negatives

• The original SEC filing on February 13, 2024, contained an error in the reported number of restricted stock units granted.

Industry Context

This filing is a routine disclosure related to executive compensation and is specific to Spirit AeroSystems. It doesn't necessarily reflect broader industry trends.

Key Dates