Form 4: Spirit AeroSystems SVP Terry J. George Executes Stock Options, Reduces Holdings
SEC Form 4 Filing
Terry J. George, SVP Operations at Spirit AeroSystems, exercised stock options and disposed of shares to cover tax obligations, resulting in a net decrease in his holdings.
Summary
- On February 7, 2025, Terry J. George, SVP Operations at Spirit AeroSystems, executed transactions involving Class A Common Stock.
- He exercised 1,680 restricted stock units, which converted into an equal number of shares.
- He disposed of 454 shares to satisfy tax obligations at a price of $34.49 per share.
- Following these transactions, George directly owns 26,563 shares of Class A Common Stock and 14,771 restricted stock units.
- The restricted stock units were granted on February 7, 2022, and vest in three annual installments.
Sentiment
Score: 5
Explanation: The document is a neutral report 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, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell shares to cover taxes and diversify their holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/07/2022 | Reporting person was granted 5,042 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/07/2025 | Terry J. George exercised 1,680 restricted stock units and disposed of 454 shares. |
| 02/10/2025 | Date of signature for the Form 4 filing. |
Keywords
Spirit AeroSystems, Terry J. George, Stock Options, Form 4, Insider Trading, SPR, Restricted Stock Units, SVP Operations
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