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 shares of common stock to cover tax withholding obligations and pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Grant Whitney, Chief Revenue Officer & SVP of Sun Country Airlines Holdings, Inc., reported changes in beneficial ownership of the company's stock.
• On October 1, 2024, Whitney sold 406 shares at a price of $10.9021 per share to cover tax withholding obligations related to the vesting of restricted stock units.
• On October 2, 2024, Whitney sold 881 shares at a price of $10.31 per share pursuant to a Rule 10b5-1 trading plan adopted on March 4, 2024.
• Following these transactions, Whitney directly owns 23,781 shares of Sun Country Airlines Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by an executive. The sales are partly to cover tax obligations and partly under a pre-arranged trading plan, suggesting a neutral sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. Sales to cover tax obligations are not unusual. Sales under 10b5-1 plans are designed to avoid any implications of insider trading.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the reasons for the sales.

Key Dates