Form 4: Sun Country Airlines Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gregory A. Mays, Chief Operating Officer & EVP of Sun Country Airlines Holdings, Inc., sold 1,319 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On April 1, 2025, Gregory A. Mays, the Chief Operating Officer & EVP of Sun Country Airlines Holdings, Inc., sold 1,319 shares of the company's common stock.
- The sale was executed at a price of $12.0292 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 87,837 shares of Sun Country Airlines Holdings, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes), so the sentiment is neutral.
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
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock sale transaction. |
| 04/03/2025 | Date of signature for the Form 4 filing. |
Keywords
Sun Country Airlines Holdings, Gregory Mays, stock sale, Form 4, tax obligations, restricted stock units, SNCY
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