Form 4: Spirit AeroSystems Executive William Edward Brown Reports Stock Transactions
SEC Form 4
William Edward Brown, SVP of Quality & Ops Engineering at Spirit AeroSystems, reported the vesting and subsequent disposal of restricted stock units on February 26, 2024.
Summary
- On February 26, 2024, William Edward Brown, SVP of Quality & Ops Engineering at Spirit AeroSystems Holdings, Inc., reported transactions involving Class A Common Stock.
- Brown exercised 3,730 restricted stock units, which converted into an equal number of Class A Common Stock shares.
- Following the conversion, Brown disposed of 1,084 shares to cover tax obligations at a price of $28.39 per share.
- After these transactions, Brown directly owns 48,781 shares of Class A Common Stock and 25,217 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors regarding insider activity. It is a standard practice for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Reporting person was granted 11,194 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/26/2024 | Date of transaction: exercise of restricted stock units and disposal of shares for tax obligations. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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