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

John Gyurci, Chief Accounting Officer of Sun Country Airlines, sold 373 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• John Gyurci, the Chief Accounting Officer and VP of Finance at Sun Country Airlines Holdings, Inc., sold 373 shares of common stock on January 3, 2025.
• The sale was executed at a price of $14.1416 per share.
• This transaction was not a discretionary trade but rather a 'sell to cover' transaction to meet tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Mr. Gyurci directly owns 12,626 shares of Sun Country Airlines stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

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 across publicly traded companies where executives receive stock-based compensation.
• The 'sell to cover' mechanism is a standard practice to manage tax liabilities associated with vesting equity.

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