Form 4: Spirit AeroSystems Executive Scott McLarty Reports Stock Transactions
SEC Form 4
Scott McLarty, SVP of Airbus Programs at Spirit AeroSystems, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On February 9, 2025, Scott McLarty, SVP of Airbus Programs at Spirit AeroSystems, reported transactions involving Class A Common Stock.
- McLarty exercised 3,979 restricted stock units, converting them into common stock.
- He also exercised 3,201 restricted stock units on February 10, 2025.
- Following these transactions, McLarty directly owns 24,639 shares of Class A Common Stock.
- The transactions included the disposal of 1,990 shares at $34.49 on February 9, 2025, and 1,601 shares at $34.31 on February 10, 2025, to cover tax obligations.
- After the reported transactions, McLarty beneficially owns 14,357 and 11,156 restricted stock units respectively.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and it doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/10/2023 | Date the reporting person was granted 9,602 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/09/2024 | Date the reporting person was granted 11,935 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/09/2025 | Date of transaction: Exercise of restricted stock units and disposal of shares. |
| 02/10/2025 | Date of transaction: Exercise of restricted stock units and disposal of shares. |
| 02/12/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Spirit AeroSystems, Scott McLarty, stock transactions, restricted stock units, Form 4, beneficial ownership, SPR
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