Allegiant CFO logs tax-withholding share disposition
Allegiant Travel CO President & CFO Robert James Neal reported a routine tax-withholding share disposition.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 179 | $82.84 | $15K |
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 $82.84 per share to fund beneficial owner's required tax withholding.
Key Figures
Key Terms
restricted stock financial
tax withholding financial
beneficial owner financial
effectively repurchased financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Allegiant Travel CO (ALGT) report for Robert James Neal?
Was the Allegiant Travel CO (ALGT) Form 4 transaction an open-market sale?
What do the footnotes explain in the Allegiant Travel CO (ALGT) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.