Allegiant Travel (ALGT) EVP Drew Wells awarded 9,748 restricted shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Allegiant Travel Company executive Drew Allen Wells received a grant of 9,748 shares of common stock on February 6, 2026. The shares were granted at no cost as restricted stock that will vest over three years, reflecting equity-based compensation for the EVP, Chief Commercial Officer.
The amended Form 4 corrects an earlier inadvertent error in the number of shares granted. Following this award, Wells directly holds 35,371 shares of Allegiant common stock, which includes 314 restricted shares acquired on October 31, 2025 through the company’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wells Drew Allen
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,748 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,371 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. Includes 314 shares of restricted stock acquired on Octobder 31, 2025 by beneficial owner pursuant to issuer's employee stock purchase plan, which acquisition is exempt under Rule 16-b-3(c) and therefore was not reported at the time of the acquisition.
FAQ
What insider transaction did Allegiant Travel (ALGT) report for Drew Allen Wells?
Allegiant Travel reported that EVP and Chief Commercial Officer Drew Allen Wells received a grant of 9,748 shares of restricted common stock on February 6, 2026, at no cost, as part of his equity compensation package.
Why was the Allegiant Travel (ALGT) Form 4 amended for Drew Allen Wells?
The Form 4 for Drew Allen Wells was amended to correct an inadvertent error in the originally reported number of shares granted, ensuring the disclosed restricted stock award accurately reflects 9,748 shares granted on February 6, 2026.
What are the vesting terms of Drew Allen Wells’s Allegiant (ALGT) restricted stock grant?
The 9,748-share restricted stock grant to Drew Allen Wells vests over three years, meaning the shares become fully owned by him gradually during that period, aligning his compensation more closely with Allegiant Travel’s long-term performance.