[Form 4] Allegiant Travel CO Insider Trading Activity
Wells Drew Allen, Senior Vice President and Chief Commercial Officer of Allegiant Travel Co. (ALGT), reported a disposition related to vested restricted stock. On 09/23/2025 the filing shows 726 shares were surrendered to the company and effectively repurchased at $61.98 per share to satisfy tax-withholding obligations tied to restricted stock vesting. After the withholding repurchase, Mr. Allen beneficially owned 25,664 shares, held directly. The Form 4 was signed under power of attorney and filed on 09/25/2025.
- Transparent disclosure of restricted stock vesting and tax-withholding repurchase
- Timely filing with signature executed under power of attorney
- Reporting person retains meaningful ownership with 25,664 shares held directly
- None.
Insights
TL;DR: Routine insider withholding sale tied to restricted stock vesting; not an active market sell signal.
This Form 4 documents a non-discretionary disposition where 726 vested restricted shares were returned to Allegiant at $61.98 per share to cover tax withholding. Such transactions are administrative and occur when companies retake shares to satisfy tax liabilities, rather than open-market sales for liquidity or portfolio rebalancing. The reporting person remains a significant direct holder with 25,664 shares, so the transaction is immaterial to ownership stake and unlikely to change investor perception absent further insider activity.
TL;DR: Administrative repurchase for tax withholding; standard post-vesting housekeeping.
The filing indicates restricted stock vested and the company repurchased a portion at a specified price to fulfill the officer's tax obligations. The use of a repurchase (code F) for withholding is common and disclosed appropriately. No indication of voluntary market sale or change in officer role is present. Documentation was executed under power of attorney and timely filed, reflecting compliant insider reporting practices.