SPR.Spirit Aerosystems Holdings, INC

Form 4: Spirit AeroSystems Executive Scott McLarty Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Scott McLarty, SVP at Spirit AeroSystems, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

  • On February 26, 2024, Scott McLarty, SVP of Airbus Programs at Spirit AeroSystems, reported transactions involving Class A Common Stock.
  • McLarty vested 3,191 restricted stock units, which converted into an equal number of common stock shares.
  • Simultaneously, McLarty disposed of 1,564 shares to satisfy tax obligations at a price of $28.39 per share.
  • Following these transactions, McLarty directly owns 25,693 shares of Class A Common Stock and 20,951 restricted stock units.
  • The restricted stock units were granted on February 26, 2021, and vest in three annual installments.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. 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, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.

Key Dates

DateDescription
02/26/2021Reporting person was granted 9,575 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date.
02/26/2024Date of transaction: vesting of restricted stock units and disposition of shares for tax obligations.
02/28/2024Date of signature by Attorney-in-Fact.

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