Form 4: Spirit Airlines Executive Acquires Shares Following Performance Share Unit Settlement

Matthew H. Klein, EVP and CCO of Spirit Airlines, acquired 3,277 shares of common stock at $5.76 per share following the settlement of performance share units.

Summary

• On March 4, 2024, Matthew H. Klein, EVP and CCO of Spirit Airlines, acquired 3,277 shares of Spirit Airlines 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, Klein beneficially owns 90,731 shares of Spirit Airlines common stock, including restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to executive compensation. It doesn't contain information that would significantly impact sentiment positively or negatively.

Industry Context

This filing reflects routine executive compensation practices, where performance-based equity is awarded and vests over time. The acquisition of shares by an executive can be seen as a sign of confidence in the company's future, but it's also a standard part of executive compensation.

Stakeholder Impact

• The acquisition of shares by an executive could be viewed positively by shareholders as a sign of confidence in the company.

Key Dates