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

Gregory A. Mays, Chief Operating Officer & EVP of Sun Country Airlines, sold 1,036 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Gregory A. Mays, the Chief Operating Officer & EVP of Sun Country Airlines Holdings, Inc., sold 1,036 shares of the company's common stock on January 3, 2025.
• The sale was executed at a price of $14.2271 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. Mays beneficially owns 66,351 shares of Sun Country Airlines stock.

Sentiment

Score: 5

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

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

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 1,036 shares is relatively small compared to the total holdings of 66,351 shares, suggesting this is a routine tax-related transaction rather than a significant divestment.
• Similar transactions are regularly reported by executives at other airlines and companies in the transportation sector.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Sun Country Airlines, SNCY, Gregory A. Mays, stock sale, insider trading, tax obligations, restricted stock units, executive compensation