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

Gregory A. Mays, Chief Operating Officer & EVP of Sun Country Airlines Holdings, Inc., sold 872 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 2, 2024, Gregory A. Mays, the Chief Operating Officer & EVP of Sun Country Airlines Holdings, Inc., sold 872 shares of the company's common stock.
• The sale was executed at a price of $14.4169 per share.
• The transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Mays directly owns 69,134 shares of Sun Country Airlines Holdings, Inc.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sell to cover taxes). It's neutral in sentiment as it doesn't reflect positively or negatively on the company's performance or future 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 practice, especially after the vesting of restricted stock units. This type of transaction is generally viewed as routine and not necessarily indicative of the executive's sentiment towards the company's future prospects.

Key Dates