Form 4: Sun Country Airlines Director Jennifer Vogel Receives Significant RSU Grant

Sun Country Airlines Holdings, Inc. Director Jennifer L. Vogel was granted 14,719 restricted stock units, which will vest on June 11, 2026, increasing her beneficial ownership to 59,588 shares.

Summary

• Jennifer L. Vogel, a Director of Sun Country Airlines Holdings, Inc. (SNCY), received a grant of 14,719 shares of common stock.
• This grant represents restricted stock units (RSUs) issued under the 2021 Omnibus Incentive Plan.
• The RSUs were granted on June 11, 2025, at a price of $0 per share.
• These restricted stock units are scheduled to vest on June 11, 2026.
• Following this transaction, Ms. Vogel's total beneficial ownership in Sun Country Airlines Holdings, Inc. increased to 59,588 shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive signal of alignment between management/board and shareholders, and is a standard compensation practice. It does not indicate any negative operational or financial issues.

Positives

• The grant of 14,719 restricted stock units to Director Jennifer L. Vogel aligns her interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• The increase in beneficial ownership to 59,588 shares demonstrates continued commitment from a key board member.

Future Outlook

The granted restricted stock units are scheduled to vest on June 11, 2026, indicating a future equity event for the reporting person.

Industry Context

The grant of restricted stock units is a standard practice in corporate compensation, particularly for directors, to incentivize long-term alignment with shareholder interests and is common across the airline industry and other sectors.

Related Party Transactions

• The grant of 14,719 restricted stock units to Jennifer L. Vogel, a Director of Sun Country Airlines Holdings, Inc., constitutes a related party transaction as it involves compensation to a board member.

Stakeholder Impact

• Shareholders: The grant of restricted stock units to a director aligns their long-term interests with shareholder value, potentially fostering more prudent decision-making.
• Employees: While not directly impacting all employees, the grant is part of an incentive plan (2021 Omnibus Incentive Plan) which may also cover other employees, indicating a broader compensation strategy.

Next Steps

• Vesting of the 14,719 restricted stock units on June 11, 2026.

Key Dates

Keywords

Sun Country Airlines, SNCY, Jennifer Vogel, Restricted Stock Units, RSU Grant, Insider Transaction, Form 4, Director Compensation, Equity Grant