4/A: Triumph Group SVP & CFO James F. McCabe Jr. Amends SEC Filing to Correctly Report Performance-Based Share Acquisition

James F. McCabe Jr., SVP & CFO of Triumph Group, files an amended SEC Form 4/A to correct the reporting date of a performance-based share acquisition.

Summary

• James F. McCabe Jr., SVP & CFO of Triumph Group, 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 an 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 form 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.
• As a result of restricted stock units vesting on April 27, 2024, McCabe acquired 8,787 shares and 10,069 shares of common stock.
• On May 2, 2024, McCabe acquired 47,113 shares of common stock and disposed of 13,411 shares to cover tax liabilities.
• Following these transactions, McCabe directly owns 166,627.071 shares of Triumph Group common stock.

Sentiment

Score: 6

Explanation: The document is a routine correction of an SEC filing, indicating standard corporate governance procedures. The sentiment is neutral as it primarily addresses administrative matters.

Positives

• The reporting person increased their holdings in the company.

Future Outlook

Forfeiture restrictions will lapse for 8,787 restricted stock units on April 27, 2025 and 8,789 restricted stock units on April 27, 2026.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are a standard practice among publicly traded companies to align management's interests with those of shareholders.
• The vesting schedules and performance-based criteria are typical components of such compensation plans, similar to those seen at companies like Boeing, Lockheed Martin, and General Dynamics.

Stakeholder Impact

• The correction of the SEC filing ensures accurate information is available to shareholders regarding executive stock ownership.

Key Dates