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

Brian J. McMenamy, VP & Controller of Spirit Airlines, acquired 131 shares of common stock at $5.76 per share following the settlement of performance share units.

Summary

• Brian J. McMenamy, VP & Controller of Spirit Airlines, acquired 131 shares of 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, McMenamy beneficially owns 34,073 shares, including restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and the acquisition of shares by an executive is generally viewed as a slightly positive sign.

Positives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates