Form 4: Spirit AeroSystems Executive Damon Christopher Ward Reports Stock Transactions

Damon Christopher Ward, VP and Corporate Controller at Spirit AeroSystems, reports the acquisition and disposal of company stock and restricted stock units on February 26, 2024.

Summary

• On February 26, 2024, Damon Christopher Ward, VP, Corporate Controller of Spirit AeroSystems Holdings, Inc., engaged in transactions involving Class A Common Stock and Restricted Stock Units.
• Ward acquired 1,008 shares of Class A Common Stock upon the vesting of Restricted Stock Units.
• Simultaneously, Ward disposed of 501 shares of Class A Common Stock at a price of $28.39.
• Following these transactions, Ward directly owns 10,993 shares of Class A Common Stock and 8,809 Restricted Stock Units.
• The Restricted Stock Units convert into common stock on a one-for-one basis and were granted on February 26, 2021, vesting in three annual installments.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's a standard practice in publicly traded companies and helps maintain market integrity.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the company's outstanding shares.
• The disclosure provides transparency to shareholders regarding executive stock ownership.

Key Dates