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

David M. Davis, President & CFO of Sun Country Airlines Holdings, Inc., sold 1,449 shares of common stock on April 1, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• David M. Davis, the President & CFO of Sun Country Airlines Holdings, Inc., reported a transaction involving the company's common stock.
• On April 1, 2025, Davis sold 1,449 shares at a price of $12.0047 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Davis directly owns 50,729 shares of Sun Country Airlines Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock sale to cover tax obligations. It doesn't inherently convey positive or negative sentiment.

Management Comments

• The sale is mandated to satisfy the tax withholding obligations which are funded by a 'sell to cover' transaction and does not represent a discretionary trade by the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

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

Key Dates

Keywords

Sun Country Airlines Holdings, SNCY, David M. Davis, Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units