Form 4: Spirit AeroSystems Executive Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
Mark Miklos, SVP of Defense & Space at Spirit AeroSystems, exercised stock options and disposed of shares on February 26, 2024.
Summary
- On February 26, 2024, Mark Miklos, SVP of Defense & Space at Spirit AeroSystems, exercised restricted stock units, acquiring 700 shares of Class A Common Stock.
- Simultaneously, Miklos disposed of 200 shares of Class A Common Stock at a price of $28.39 per share to cover tax obligations.
- Following these transactions, Miklos directly owns 8,608 shares of Class A Common Stock and 13,903 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of an executive exercising stock options and selling shares for tax purposes. 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 into the trading activities of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares to cover taxes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Reporting person was granted 2,102 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/26/2024 | Mark Miklos exercised stock options and disposed of shares. |
| 02/28/2024 | Date of signature for the Form 4 filing. |
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