Form 4: TransDigm Group Director Acquires Shares in Lieu of Fees
SEC Form 4 Filing
Director Jorge Valladares acquired 27 shares of TransDigm Group INC common stock in lieu of a semi-annual director fee.
Summary
- On September 25, 2024, Jorge Valladares, a director of TransDigm Group INC, acquired 27 shares of common stock.
- The acquisition was in lieu of payment of a semi-annual director fee.
- The price per share was $1,367.76, based on the fair market value in accordance with the Director Share Plan.
- Following the transaction, Valladares directly owns 11,058 shares of TransDigm Group INC.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director taking shares instead of cash indicates confidence in the company's future, but the amount is small and part of a standard compensation plan.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's value.
Industry Context
Directors receiving stock in lieu of fees is a common practice to align their interests with shareholders and conserve company cash.
Related Party Transactions
- The receipt of stock in lieu of payment of semi-annual director fee is a related party transaction.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard director compensation practice.
Key Dates
| Date | Description |
|---|---|
| 09/25/2024 | Date of transaction: Jorge Valladares acquired 27 shares of TransDigm Group INC common stock. |
| 09/27/2024 | Date of signature on the Form 4 filing. |
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