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

A Sun Country Airlines executive, John Gyurci, sold 1,008 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• John Gyurci, Chief Accounting Officer and VP of Finance at Sun Country Airlines, sold 1,008 shares of common stock on January 10, 2025.
• The sale was executed at a price of $15.8994 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. Gyurci directly owns 11,618 shares of Sun Country Airlines stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction for an executive to cover tax obligations. It is neither positive nor negative for the company's outlook.

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

• Many companies use restricted stock units as part of their compensation packages for executives.
• It is standard practice for executives to sell a portion of their vested shares to cover the associated tax liabilities.
• This type of transaction is common across various industries and is not unique to Sun Country Airlines.

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, stock sale, insider trading, tax obligations, restricted stock units, executive, SNCY