Gregory Smith (AAL) receives 26,080 RSUs, now holds over 124K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Gregory D reported acquisition or exercise transactions in this Form 4 filing.
American Airlines Group Inc. director Gregory D. Smith reported a new equity award in the form of restricted stock units tied to the company’s common stock. He received 26,080 shares at no cash cost as a grant or award, increasing his direct holdings to 124,798 shares, with an additional 140 shares held indirectly by family trusts.
The restricted stock units will vest fully on the earlier of June 10, 2027, or the next annual meeting of stockholders following the grant date, provided Smith continues to serve through the vesting date. This is a compensation-related award rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Gregory D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,080 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 124,798 shares (Direct, null);
Common Stock — 140 shares (Indirect, by Family Trusts)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 26,080 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 124,798 shares
+2 more
5 metrics
RSU grant size
26,080 shares
Restricted stock unit award of common stock
Grant price per share
$0.0000 per share
Equity grant with no cash paid by insider
Direct holdings after grant
124,798 shares
Total direct common stock owned following transaction
Indirect holdings
140 shares
Common stock held indirectly by family trusts
Vesting date trigger
June 10, 2027
Latest vesting date for restricted stock units
Key Terms
Restricted stock units, grant, award, or other acquisition, Form 4, family trusts
4 terms
Restricted stock units financial
"Restricted stock units will vest fully upon the earlier of June 10, 2027"
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.
grant, award, or other acquisition financial
"Transaction code A is described as a grant, award, or other acquisition"
Form 4 regulatory
"The insider activity is reported in a Form 4 insider transaction filing"
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.
family trusts financial
"140 shares are reported as held indirectly by family trusts"
FAQ
What insider activity did American Airlines (AAL) report for Gregory D. Smith?
Gregory D. Smith reported an acquisition of 26,080 restricted stock units of American Airlines Group common stock as a grant or award, increasing his direct holdings and reflecting compensation rather than an open-market trade.
When do Gregory D. Smith’s new American Airlines (AAL) restricted stock units vest?
The restricted stock units will vest fully on the earlier of June 10, 2027, or the next annual meeting of stockholders after the grant date, contingent on Smith’s continued service through the vesting date.
Was Gregory D. Smith’s American Airlines (AAL) transaction an open-market buy or sell?
No, the Form 4 shows a grant or award acquisition coded as “A,” not an open-market purchase or sale. The shares were awarded at a price of $0.0000 per share as equity compensation.
What does the holding by family trusts mean in the American Airlines (AAL) Form 4?
The filing reports 140 shares of American Airlines Group common stock held indirectly “by Family Trusts.” This indicates those shares are owned through family trust entities, rather than directly in Gregory D. Smith’s name.