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

Rocky Wiggins, SVP and CIO of Spirit Airlines, acquired 1,248 shares of common stock following the settlement of performance share units.

Summary

• Rocky Wiggins, SVP and CIO of Spirit Airlines, acquired 1,248 shares of Spirit Airlines common stock on March 4, 2024.
• 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, Wiggins beneficially owns 46,299 shares, including restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. The acquisition of shares by an executive is generally viewed as a 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

Executive share acquisitions are common in the airline industry and are often tied to performance-based compensation plans.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates