Form 4: Sun Country Legal Officer Sells Shares for Tax Cover

Sun Country Airlines' SVP, Chief Legal Officer, Erin Rose Neale, sold 2,257 shares of common stock at $17.526 per share to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Erin Rose Neale, SVP, Chief Legal Officer of Sun Country Airlines Holdings, Inc. (SNCY), reported a transaction.
• On January 12, 2026, Neale sold 2,257 shares of common stock.
• The shares were sold at a price of $17.526 per share, totaling approximately $39,557.58.
• This sale was mandated to cover tax withholding obligations associated with the vesting of restricted stock units.
• The transaction was a "sell to cover" and not a discretionary trade by the reporting person.
• Following this transaction, Neale beneficially owns 38,931 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a mandatory 'sell to cover' for tax obligations related to RSU vesting, which is a neutral event and not indicative of discretionary insider sentiment or company performance.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Management Comments

• The sale represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units.
• This 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

Sell-to-cover transactions are a common and routine practice in the industry for executives and employees to satisfy tax liabilities arising from the vesting of equity awards like restricted stock units (RSUs). This type of transaction is generally not viewed as an indicator of insider sentiment regarding the company's future prospects, unlike discretionary open market sales.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine, non-discretionary transaction for tax purposes and does not signal a change in insider confidence or company fundamentals.

Key Dates

Keywords

Sun Country Airlines, SNCY, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Erin Rose Neale, Legal Officer