Allegiant Travel (ALGT) COO has 87 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allegiant Travel Company SVP and COO Tyler Jay Hollingsworth reported a small tax-related share disposition. On this Form 4, 87 shares of Allegiant Travel common stock were withheld at $85.58 per share to cover taxes on previously granted restricted stock that vested.
These shares were effectively repurchased by the company for tax withholding purposes rather than sold on the open market. After this withholding transaction, Hollingsworth directly holds 20,291 shares of Allegiant Travel common stock, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hollingsworth Tyler Jay
Role
SVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 87 | $85.58 | $7K |
Holdings After Transaction:
Common Stock — 20,291 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 $85.58 per share to fund beneficial owner's required tax withholding.
Key Figures
Tax-withheld shares: 87 shares
Withholding price: $85.58 per share
Shares held after transaction: 20,291 shares
+1 more
4 metrics
Tax-withheld shares
87 shares
Restricted stock tax withholding disposition
Withholding price
$85.58 per share
Effective repurchase price for withheld restricted shares
Shares held after transaction
20,291 shares
Direct common stock holdings after tax withholding
Tax-withholding transactions
1 transaction, 87 shares
Summary of Form 4 tax-withholding activity
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
"security_title: "Common Stock""
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 Travel (ALGT) report for its COO?
Allegiant Travel’s SVP and COO, Tyler Jay Hollingsworth, reported a tax-withholding transaction involving 87 common shares. These shares were withheld by the company when restricted stock vested, covering his tax obligations rather than representing an open-market sale.
Does this Allegiant Travel (ALGT) Form 4 show an open-market sale by the COO?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. The company effectively repurchased 87 vested restricted shares at $85.58 each solely to satisfy the COO’s tax liability on his restricted stock award.
What type of equity award triggered the Allegiant Travel (ALGT) tax-withholding transaction?
The transaction relates to shares of restricted stock previously granted to the beneficial owner that vested over time. When those restricted shares vested, a portion was returned to Allegiant Travel to cover required tax withholding, creating the reported disposition.