Form 4: Spirit Airlines EVP John A. Bendoraitis Reports Acquisition of Shares Following Performance Share Unit Settlement

John A. Bendoraitis, EVP and COO of Spirit Airlines, reports acquiring 2,821 shares of common stock at $5.76 per share following the settlement of performance share units.

Summary

• On March 4, 2024, John A. Bendoraitis, EVP and COO of Spirit Airlines, acquired 2,821 shares of common stock.
• The acquisition was a result of the settlement of the 2021 grant of performance share units, with a performance period from January 1, 2021, through December 31, 2023.
• The price per share was $5.76.
• Following the transaction, Bendoraitis beneficially owns 99,981 shares, which includes restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of an insider transaction related to previously granted performance share units. The acquisition itself can be seen as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the executive's confidence in the company.

Key Dates