Form 4: Spirit AeroSystems Executive Scott McLarty Reports Stock Transactions
SEC Form 4 Filing
SVP of Airbus Programs at Spirit AeroSystems, Scott McLarty, reports the vesting and subsequent sale of restricted stock units.
Summary
- On February 7, 2025, Scott McLarty, SVP of Airbus Programs at Spirit AeroSystems, reported transactions involving Class A Common Stock.
- McLarty vested 2,514 restricted stock units, which converted into common stock on a one-for-one basis.
- Simultaneously, 1,257 shares were sold at a price of $34.49 per share to cover tax obligations.
- Following these transactions, McLarty directly owns 21,050 shares of Class A Common Stock and 18,336 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/07/2022 | Reporting person was granted 7,542 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/07/2025 | Date of transaction: vesting of restricted stock units and sale of shares. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
Keywords
Spirit AeroSystems, Scott McLarty, Form 4, Stock Transaction, Restricted Stock Units, SPR, Insider Trading
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