Form 4: Spirit AeroSystems SVP Terry J. George Reports Stock Transactions
SEC Form 4
Terry J. George, SVP Operations at Spirit AeroSystems, reports the vesting and disposal of restricted stock units, along with associated tax withholding.
Summary
- Terry J. George, SVP Operations at Spirit AeroSystems Holdings, Inc., reported transactions involving Class A Common Stock.
- On February 9, 2025, 3,103 restricted stock units vested and converted into common stock.
- An additional 2,400 restricted stock units vested on February 10, 2025.
- Shares were also disposed of on February 9 and 10, 2025, to cover tax obligations at prices of $34.49 and $34.31 respectively.
- Following these transactions, George directly owns 30,580 shares of Class A Common Stock and 9,268 restricted stock units.
Sentiment
Score: 5
Explanation: This 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, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2023 | Date of grant of 7,201 restricted stock units vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/09/2024 | Date of grant of 10,910 restricted stock units vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/09/2025 | Vesting of 3,103 restricted stock units and disposal of 838 shares for tax withholding. |
| 02/10/2025 | Vesting of 2,400 restricted stock units and disposal of 648 shares for tax withholding. |
| 02/12/2025 | Date of Form 4 filing. |
Keywords
Spirit AeroSystems, Terry J. George, Form 4, Stock Transactions, Restricted Stock Units, SPR, Insider Trading
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