Form 4: Sun Country Airlines CFO Sells Shares to Cover Tax Obligations

Sun Country Airlines' CFO, David M. Davis, sold 1,138 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• David M. Davis, the President and CFO of Sun Country Airlines Holdings, Inc., sold 1,138 shares of common stock on January 3, 2025.
• The sale was executed at a price of $14.1821 per share.
• This transaction was not a discretionary trade but rather a mandatory sale to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Mr. Davis directly owns 35,020 shares of Sun Country Airlines stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction for tax purposes, not a discretionary sale, so it is neutral.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to withhold shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with restricted stock units.
• The sale of shares to cover tax obligations is a standard practice and does not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Sun Country Airlines, SNCY, David M. Davis, CFO, stock sale, tax withholding, restricted stock units, insider trading