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

Grant Whitney, Chief Revenue Officer & SVP of Sun Country Airlines Holdings, Inc., sold 400 shares of common stock on April 2, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 2, 2024, Grant Whitney, the Chief Revenue Officer & SVP of Sun Country Airlines Holdings, Inc., sold 400 shares of the company's common stock.
• The sale was executed at a price of $14.3631 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Whitney directly owns 27,243 shares of Sun Country Airlines Holdings, Inc.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't indicate any significant positive or negative sentiment regarding the company's performance or outlook.

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

Executive stock sales to cover tax obligations are a common occurrence in publicly traded companies, particularly when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.

Key Dates