Allegiant Travel (NASDAQ: ALGT) CFO gains 10,428-share restricted stock award in amended filing
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Allegiant Travel Co President & CFO Robert Neal reported an amended stock award. The Form 4/A shows an acquisition of 10,428 shares of common stock at a stated price of $0.00 per share as a grant or award.
After this restricted stock grant, his directly held common stock totaled 36,428 shares. A footnote explains the amendment corrects an earlier inadvertent error in the number of shares granted and states that the restricted stock vests over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Neal Robert James
Role
President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,428 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 36,428 shares (Direct)
Footnotes (1)
- Form 4 amended to correct inadvertent error in number of shares granted. Grant of restricted stock with vesting over three years.
FAQ
What insider transaction did Allegiant Travel (ALGT) report for Robert Neal?
Allegiant Travel reported that President & CFO Robert Neal acquired 10,428 shares of common stock as a grant or award. The transaction is recorded at a stated price of $0.00 per share and increases his directly held position.
Why was the Allegiant Travel (ALGT) Form 4/A for Robert Neal amended?
The Form 4/A was amended to correct an inadvertent error in the number of shares granted to Robert Neal. A footnote specifies that the original figure was incorrect and this amendment reflects the accurate restricted stock grant amount.
What are the vesting terms of Robert Neal’s Allegiant Travel (ALGT) stock grant?
The stock grant to Robert Neal consists of restricted shares that vest over three years. This means the 10,428-share award becomes fully owned gradually during the three-year vesting period, as described in the filing footnote.
What type of transaction code was used in Robert Neal’s Allegiant Travel (ALGT) filing?
The transaction uses code “A,” described as a grant, award, or other acquisition of common stock. It is classified as a non-derivative acquisition rather than an open-market purchase or sale, according to the transaction details provided.
Does Robert Neal’s Allegiant Travel (ALGT) grant involve a cash purchase?
The reported acquisition shows a transaction price of $0.00 per share, indicating it is a stock grant rather than a cash purchase. The filing classifies it as a grant or award of restricted common shares to the executive.