American Airlines (AAL) COO has 40,865 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Airlines Group Inc. executive David Seymour reported a routine share disposition related to taxes. On May 2, 2026, the company withheld 40,865 shares of common stock at $11.84 per share to cover withholding taxes when his restricted stock units vested. This was not an open-market sale. After the tax-withholding transaction, Seymour directly held 1,094,832 common shares, indicating he retains a substantial ownership position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seymour David
Role
EVP Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 40,865 | $11.84 | $484K |
Holdings After Transaction:
Common Stock — 1,094,832 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 40,865 shares
Withholding price per share: $11.84 per share
Shares held after transaction: 1,094,832 shares
3 metrics
Shares withheld for taxes
40,865 shares
Withheld on May 2, 2026 for RSU tax obligations
Withholding price per share
$11.84 per share
Value used for tax-withholding disposition
Shares held after transaction
1,094,832 shares
Direct common stock ownership following tax withholding
Key Terms
restricted stock units, withholding taxes, Form 4
3 terms
restricted stock units financial
"withholding taxes related to the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"Shares withheld by the issuer to cover applicable withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Form 4 regulatory
"What does transaction code "F" mean in David Seymour’s American Airlines Form 4?"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did American Airlines Group (AAL) report for David Seymour?
American Airlines reported that EVP and Chief Operating Officer David Seymour had 40,865 shares withheld to cover taxes on vested restricted stock units. This tax-withholding disposition was recorded at $11.84 per share and did not involve an open-market stock sale.
What does transaction code "F" mean in David Seymour’s American Airlines Form 4?
Transaction code "F" on the Form 4 indicates shares were used to pay an exercise price or tax liability. In Seymour’s case, 40,865 shares were withheld by American Airlines to cover withholding taxes when his restricted stock units vested, not sold on the open market.