4/A: Triumph Group CEO Daniel Crowley Amends SEC Filing to Correctly Report Performance-Based Stock Award Acquisition
SEC Form 4/A
Daniel Crowley, Chairman, President, and CEO of Triumph Group Inc., filed an amended SEC Form 4/A to correct the reporting date of a performance-based restricted stock unit award acquisition.
Summary
- Daniel J. Crowley, Chairman, President, and CEO of Triumph Group Inc., filed an amended SEC Form 4/A on May 6, 2024, to correct a previous filing from April 30, 2024.
- The amendment addresses the reporting date of the acquisition of shares related to a performance award.
- The original filing incorrectly reported the acquisition date as April 25, 2024, but the final determination and certification of performance occurred on May 2, 2024.
- The amended filing withdraws the transactions reported to have occurred on April 25, 2024, and reports the acquisition of performance-based shares and related tax withholdings on May 2, 2024.
- On April 27, 2023, 25,926 common stock were acquired at $0, resulting in 800,406 shares owned.
- On April 27, 2024, 32,072 common stock were acquired at $0, resulting in 832,478 shares owned.
- On April 27, 2024, 25,368 common stock were disposed of at $13.66, resulting in 807,110 shares owned.
- On May 2, 2024, 121,334 common stock were acquired at $0, resulting in 928,444 shares owned.
- On May 2, 2024, 41,877 common stock were disposed of at $13.4, resulting in 886,567 shares owned.
- As of the latest transaction, Crowley directly owns 886,567 shares of Triumph Group Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and transparency through corrected filings. There are no indications of financial distress or negative performance.
Positives
- The amendment provides accurate information regarding the CEO's stock ownership, increasing transparency for investors.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The corrected filing ensures shareholders have accurate information regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/27/2023 | Acquisition of 25,926 common stock at $0. |
| 04/25/2024 | Incorrectly reported acquisition date in the original Form 4. |
| 04/27/2024 | Vesting and settlement of restricted stock units; acquisition of 32,072 common stock at $0; disposal of 25,368 common stock at $13.66. |
| 04/30/2024 | Date of original Form 4 filing. |
| 05/02/2024 | Final determination and certification of performance; acquisition of 121,334 common stock at $0; disposal of 41,877 common stock at $13.4. |
| 05/06/2024 | Date of amended Form 4/A filing. |
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.