Form 4: Spirit AeroSystems SVP Terry J. George Reports Stock Transactions
SEC Form 4 Filing
Terry J. George, SVP Operations at Spirit AeroSystems, reported the vesting and subsequent sale of restricted stock units on February 26, 2024.
Summary
- On February 26, 2024, Terry J. George, SVP Operations at Spirit AeroSystems, reported transactions involving Class A Common Stock.
- 2,325 restricted stock units vested and converted into common stock.
- 628 shares were disposed of to cover tax obligations at a price of $28.39 per share.
- Following these transactions, George directly owns 25,337 shares of Class A Common Stock and 16,783 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, and it doesn't inherently convey positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Reporting person was granted 6,977 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/26/2024 | Restricted stock units vested and converted into common stock; shares disposed of for tax obligations. |
| 02/28/2024 | Date of signature for the Form 4 filing. |
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