Form 4: TransDigm Group Director Michele Santana Acquires Shares in Lieu of Director Fees
SEC Form 4 Filing
Director Michele Santana acquired 31 shares of TransDigm Group INC common stock on March 22, 2024, in lieu of a semi-annual director fee.
Summary
- On March 22, 2024, Michele Santana, a director of TransDigm Group INC, acquired 31 shares of common stock.
- The acquisition was made in lieu of a semi-annual director fee, based on the fair market value of the stock.
- The price per share was $1,172.2.
- Following the transaction, Santana directly owns 638 shares of TransDigm Group INC.
Sentiment
Score: 7
Explanation: The document reflects a neutral event (director acquiring shares in lieu of fees). It indicates alignment of interests between the director and shareholders, which is mildly positive.
Industry Context
This is a routine disclosure of a director's stock acquisition, which is a common practice for compensating board members. It reflects a director's alignment with shareholder interests through equity ownership.
Related Party Transactions
- The acquisition of stock in lieu of director fees is a related party transaction.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning the director's interests with theirs through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Michele Santana acquired 31 shares of TransDigm Group INC common stock. |
| 03/26/2024 | Date of signature: Gabrielle Feuer signed the Form 4 as attorney-in-fact for Michele Santana. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.