Allegiant (NASDAQ: ALGT) EVP uses 179 vested shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allegiant Travel Co executive Drew Allen used shares to cover taxes on vested stock. On April 3, 2026, 179 shares of Common Stock were withheld at $82.84 per share to satisfy tax obligations on restricted stock vesting. After this tax-withholding disposition, Allen directly holds 35,192 Allegiant shares.
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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 179 | $82.84 | $15K |
Holdings After Transaction:
Common Stock — 35,192 shares (Direct)
Footnotes (1)
- 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. Shares of restricted stock effectively repurchased by Company at $82.84 per share to fund beneficial owner's required tax withholding.
Key Figures
Shares used for tax withholding: 179 shares
Tax withholding share price: $82.84 per share
Shares held after transaction: 35,192 shares
3 metrics
Shares used for tax withholding
179 shares
Restricted stock vesting tax-withholding disposition on April 3, 2026
Tax withholding share price
$82.84 per share
Effective repurchase price used to fund tax obligations
Shares held after transaction
35,192 shares
Drew Allen direct Allegiant Common Stock holdings post-transaction
Key Terms
restricted stock, tax withholding, beneficial owner, Common Stock
4 terms
restricted stock financial
"Beneficial owner granted 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.
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.
beneficial owner financial
"Beneficial owner granted shares of restricted stock with vesting over time."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Common Stock financial
"Shares of restricted stock effectively repurchased by Company at $82.84 per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Allegiant (ALGT) report for Drew Allen?
Allegiant reported that EVP and Chief Commercial Officer Drew Allen used 179 shares of Common Stock to cover taxes on vested restricted stock. The company effectively repurchased these shares at $82.84 each for required tax withholding.
Was the Allegiant (ALGT) insider transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 179 vested restricted shares were effectively repurchased by Allegiant at $82.84 to fund Drew Allen’s tax obligations on the vesting.
What type of equity award was involved in the Allegiant (ALGT) insider filing?
The filing involved shares of restricted stock previously granted to Drew Allen. As these restricted shares vested over time, a portion of the vested stock—179 shares—was returned to Allegiant to cover the associated tax withholding requirement.