Allegiant Travel executive returns 1,113 shares for taxes
The returned shares were from restricted stock that vested over time and were used for the officer’s required tax withholding.
Rhea-AI Filing Summary
Allegiant Travel Co. EVP, Chief Commercial Officer Wells Drew Allen returned 1,113 shares of common stock to the company for tax withholding on September 23, 2026, at $77.26 per share. The shares came from restricted stock that vested over time. Allen reported direct ownership of 34,078 shares after the transaction. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 1,113 shares
Tax Withholding
1 txn
Insider
Wells Drew Allen
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 1,113 | $77.26 | $86K |
Holdings After Transaction:
Common Stock — 34,078 shares (Direct)
Footnotes (2)
- F1. Beneficial owner granted shares of restricted stock with vesting over time. Upon vesting, beneficial owner returned to Company a portion of the vested shares for tax withholding purposes.
- F2. Shares of restricted stock effectively repurchased by Company at $77.26 per share to fund beneficial owner's required tax withholding.
Key Figures
Shares returned: 1,113 shares
Price per share: $77.26 per share
Direct shares held after transaction: 34,078 shares
3 metrics
Shares returned
1,113 shares
For tax withholding on September 23, 2026
Price per share
$77.26 per share
Shares effectively repurchased by the company
Direct shares held after transaction
34,078 shares
Following the September 23, 2026 transaction
Key Terms
restricted stock, vesting, tax withholding
3 terms
restricted stock financial
"shares of restricted stock with vesting over time"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting financial
"with vesting over time"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax withholding financial
"returned to Company a portion of the vested shares for tax withholding purposes"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.