Allegiant Travel (ALGT) COO receives corrected 6,681-share stock grant
Rhea-AI Filing Summary
Allegiant Travel senior vice president and chief operating officer Tyler Jay Hollingsworth reported an amended insider transaction showing he acquired 6,681 shares of common stock as a grant or award. The filing states this is a grant of restricted stock that vests over three years. Following the award, his directly held common stock totaled 20,378 shares. The amendment was filed to correct an inadvertent error in the previously reported number of shares granted.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,681 shares
Net Buy
1 txn
Insider
Hollingsworth Tyler Jay
Role
SVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,681 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 20,378 shares (Direct)
Footnotes (2)
- F1. Form 4 filed to correct inadvertent error in number of shares granted.
- F2. Grant of restricted stock with vesting over three years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Allegiant Travel (ALGT) report for Tyler Jay Hollingsworth?
Allegiant Travel reported that SVP and chief operating officer Tyler Jay Hollingsworth received a grant of 6,681 shares of common stock as a restricted stock award. This updated Form 4/A corrects a prior error in the originally reported grant size.
Why did Allegiant Travel (ALGT) file an amended Form 4/A for Hollingsworth?
The company filed an amended Form 4/A to correct an inadvertent error in the previously reported number of shares granted to Tyler Jay Hollingsworth. The amendment clarifies the accurate size of the restricted stock grant he received.
What are the vesting terms of Hollingsworth’s Allegiant Travel (ALGT) restricted stock?
The restricted stock granted to Tyler Jay Hollingsworth vests over three years. This means the 6,681-share award becomes fully his in stages across that period, aligning his compensation with longer-term company performance and retention incentives.
Was Hollingsworth’s Allegiant Travel (ALGT) award a market purchase or a grant?
The transaction was a grant or award acquisition of common stock, not a market purchase. The Form 4/A lists a transaction code for a grant and shows a per-share price of zero, consistent with equity compensation rather than open-market buying.