Form 4: Spirit Airlines CEO Edward M. Christie III Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Edward M. Christie III, CEO of Spirit Airlines, reports the withholding of 1,129 common stock shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On April 3, 2024, Edward M. Christie III, the President and CEO of Spirit Airlines, Inc. (SAVE), had 1,129 shares of common stock withheld by the issuer to satisfy tax obligations.
- The withholding occurred in connection with the vesting and settlement of restricted stock units.
- The price per share for the transaction was $4.7.
- Following the transaction, Christie directly owns 288,343 shares, including restricted stock units.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive compensation and tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of the transaction where shares were withheld for tax obligations. |
| 04/05/2024 | Date of signature for the Form 4 filing. |
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