Restricted stock grant lifts Allegiant (NASDAQ: ALGT) CEO share stake
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Anderson Gregory Clark reported acquisition or exercise transactions in this Form 4 filing.
Allegiant Travel CEO Gregory Clark Anderson reported an amended insider transaction reflecting a grant of 1,947 shares of common stock as a restricted stock award. The filing states these shares vest over three years, and brings his directly held stake to 110,487 shares after the grant. The amendment corrects the number of granted shares due to a rounding error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Anderson Gregory Clark
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,947 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 110,487 shares (Direct)
Footnotes (1)
- Form 4 amended to correct number of shares granted due to a rounding error. Grant of restricted stock with vesting over three years.
FAQ
What insider transaction did Allegiant (ALGT) report for its CEO?
Allegiant reported that CEO Gregory Clark Anderson received a grant of 1,947 shares of common stock as restricted stock. The shares were awarded at no stated purchase price and are scheduled to vest over three years, increasing his directly held stake to 110,487 shares.
Why was the Allegiant (ALGT) Form 4/A filing amended?
The Form 4/A was amended to correct the number of shares granted to CEO Gregory Clark Anderson. The filing explains that the original restricted stock grant contained a rounding error, and the amended report now reflects the accurate total of 1,947 awarded shares.
What are the vesting terms of the Allegiant (ALGT) CEO’s restricted stock?
The filing states that the CEO’s 1,947-share restricted stock grant vests over three years. This means the shares become fully earned in stages across that period, aligning the award with longer-term service and performance rather than providing immediate unrestricted ownership.