Allegiant Travel COO has 87 shares withheld for taxes
Allegiant Travel Company SVP and COO Tyler Jay Hollingsworth reported a small tax-related share disposition.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 87 | $85.58 | $7K |
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 $85.58 per share to fund beneficial owner's required tax withholding.
Key Figures
Key Terms
restricted stock financial
tax withholding financial
beneficial owner financial
Common Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Allegiant Travel (ALGT) report for its COO?
Does this Allegiant Travel (ALGT) Form 4 show an open-market sale by the COO?
What type of equity award triggered the Allegiant Travel (ALGT) tax-withholding transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.