Form 4: Spirit AeroSystems Executive Exercises Stock Options, Sells Shares to Cover Taxes
SEC Form 4 Filing
Kailash Krishnaswamy, SVP of Aftermarket at Spirit AeroSystems, exercised restricted stock units and sold a portion of the resulting shares to satisfy tax obligations.
Summary
- On March 17, 2024, Kailash Krishnaswamy, SVP of Aftermarket at Spirit AeroSystems, exercised 1,332 restricted stock units, converting them into Class A Common Stock on a one-for-one basis.
- Following the exercise, Mr. Krishnaswamy sold 525 shares of Class A Common Stock at a price of $32.26 to cover tax obligations.
- After these transactions, Mr. Krishnaswamy beneficially owns 23,880 shares of Class A Common Stock and 14,864 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. It reflects standard practice for executives to manage their equity compensation and tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 03/17/2021 | Reporting person was granted 4,000 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 03/17/2024 | Kailash Krishnaswamy exercised 1,332 restricted stock units and sold 525 shares to cover taxes. |
| 03/19/2024 | Date of signature of the Form 4 filing. |
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