[Form 4] Allegiant Travel CO Insider Trading Activity
Micah John Richins, an officer of Allegiant Travel Co. (ALGT), reported a transaction dated 09/23/2025 in which 3,383 shares of Common Stock were disposed of at $61.98 per share. The filing explains these were vested restricted shares from which a portion was returned to the company to satisfy the reporting person's tax withholding obligation; the company effectively repurchased the shares at $61.98 to fund that withholding. After the reported transaction, Mr. Richins beneficially owned 18,366 shares, held directly. The Form 4 was signed under power of attorney on 09/25/2025.
- None.
- None.
Insights
TL;DR: Routine tax-withholding repurchase of vested restricted shares; disclosure aligns with Section 16 reporting requirements.
The filing documents a standard post-vesting mechanics where restricted stock vested and a portion was surrendered to the issuer to satisfy tax withholding. This is a common, non-dispositive corporate practice and does not indicate a change in executive role or control. The remaining direct beneficial ownership is 18,366 shares, which confirms continued equity exposure rather than complete divestiture.
TL;DR: Transaction is administrative (tax withholding) rather than a market-directed sale; limited investor impact.
The disposition of 3,383 shares at $61.98 per share was executed to fund tax withholding on vested restricted stock. Because the company repurchased the shares for withholding, this does not represent a market sale that increases circulating float. The disclosure timing (transaction 09/23/2025, Form filed 09/25/2025) appears prompt and compliant.