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

David M. Davis, President and CFO of Sun Country Airlines, sold 2,760 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• David M. Davis, the President and CFO of Sun Country Airlines Holdings, Inc., sold 2,760 shares of common stock on January 10, 2025.
• The sale was executed at a price of $15.9333 per share.
• This transaction was not a discretionary trade but rather a 'sell to cover' transaction to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Mr. Davis directly owns 32,260 shares of Sun Country Airlines common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment regarding the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, especially when dealing with restricted stock units.
• The 'sell to cover' mechanism is a standard practice to manage tax liabilities associated with equity compensation.

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, stock sale, tax obligations, restricted stock units, Form 4, insider trading