Form 4: Spirit AeroSystems Executive Reports Stock Transactions
SEC Form 4 Filing
Sean Black, SVP of Engineering at Spirit AeroSystems, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On February 26, 2024, Sean Black, SVP of Engineering at Spirit AeroSystems Holdings, Inc., reported transactions involving Class A Common Stock.
- 746 restricted stock units vested and converted into common stock.
- 370 shares were disposed of to cover tax obligations at a price of $28.39 per share.
- Following these transactions, Black directly owns 14,240 shares of Class A Common Stock and 17,266 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives and their potential impact on stock prices.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, reflecting routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Reporting person was granted 2,242 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/26/2024 | Date of transaction: vesting of restricted stock units and disposal of shares for tax obligations. |
| 02/28/2024 | Date of signature for the Form 4 filing. |
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