Allegiant Travel (NASDAQ: ALGT) CFO uses shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allegiant Travel CO President & CFO Robert James Neal reported a routine tax-withholding share disposition. On this Form 4, 179 shares of common stock were returned to the company at $82.84 per share to cover taxes due upon vesting of restricted stock.
After this tax-withholding transaction, he directly holds 36,249 shares of Allegiant Travel CO common stock. The footnotes state the shares were effectively repurchased by the company to fund the required tax withholding, rather than sold in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Neal Robert James
Role
President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 179 | $82.84 | $15K |
Holdings After Transaction:
Common Stock — 36,249 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
Tax-withholding shares: 179 shares
Effective repurchase price: $82.84 per share
Shares owned after transaction: 36,249 shares
3 metrics
Tax-withholding shares
179 shares
Shares returned for tax withholding on vested restricted stock
Effective repurchase price
$82.84 per share
Price at which company effectively repurchased withheld shares
Shares owned after transaction
36,249 shares
Directly owned Allegiant Travel CO common stock after disposition
Key Terms
restricted stock, tax withholding, beneficial owner, effectively repurchased
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.
effectively repurchased financial
"Shares of restricted stock effectively repurchased by Company at $82.84 per share"
FAQ
What insider transaction did Allegiant Travel CO (ALGT) report for Robert James Neal?
Allegiant Travel CO reported that President & CFO Robert James Neal returned 179 shares of common stock to the company. This was a tax-withholding disposition tied to vested restricted stock, not an open-market sale, at a price of $82.84 per share.
Was the Allegiant Travel CO (ALGT) Form 4 transaction an open-market sale?
No. The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares from vested restricted stock were effectively repurchased by the company at $82.84 per share solely to cover the executive’s tax obligations.
What do the footnotes explain in the Allegiant Travel CO (ALGT) Form 4?
The footnotes explain that restricted stock was granted with vesting over time and, upon vesting, a portion of vested shares was returned to the company. These shares were effectively repurchased at $82.84 each to satisfy the executive’s tax-withholding obligations.