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

Kailash Krishnaswamy, SVP of Aftermarket at Spirit AeroSystems, files an amendment to a previous Form 4 to correct the number of restricted stock units granted on February 9, 2024.

Summary

• Kailash Krishnaswamy, a Senior Vice President at Spirit AeroSystems Holdings, Inc., filed an amended Form 4 with the SEC.
• The amendment corrects the number of restricted stock units (RSUs) granted to Krishnaswamy on February 9, 2024.
• The original Form 4, filed on February 13, 2024, inadvertently over-reported the number of RSUs.
• The corrected filing shows that Krishnaswamy was granted 9,230 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.
• Following the reported transaction, Krishnaswamy directly owns 17,994 shares.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. It doesn't contain any information that would significantly impact the company's valuation, but it does show a commitment to accurate reporting.

Positives

• The correction of the previously over-reported number of restricted stock units ensures accurate reporting and transparency.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.

Key Dates