Form 4: Spirit AeroSystems Executive Sean Black Reports Stock Transactions
SEC Form 4 Filing
Sean Black, SVP of Engineering at Spirit AeroSystems, reported the vesting and subsequent disposal of shares to cover tax obligations.
Summary
- On March 4, 2024, Sean Black, SVP of Engineering at Spirit AeroSystems, reported transactions involving Class A Common Stock.
- These transactions included the vesting of 1,900 restricted stock units and the disposal of 826 shares to satisfy tax obligations.
- Following these transactions, Black directly owns 15,314 shares of Class A Common Stock and 15,366 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. These filings provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/04/2022 | Reporting person was granted 5,700 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 03/04/2024 | Date of the reported transactions: vesting of restricted stock units and disposal of shares. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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