Allegiant Travel Co (ALGT) CFO uses 260 shares to pay taxes
Rhea-AI Filing Summary
Allegiant Travel Co’s President & CFO Neal Robert James satisfied tax obligations by returning 260 shares of common stock that had vested from a restricted stock grant. The company effectively repurchased these shares at $105.09 per share for tax withholding, leaving him with 35,989 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 260 shares
Net Sell
1 txn
Insider
Neal Robert James
Role
President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 260 | $105.09 | $27K |
Holdings After Transaction:
Common Stock — 35,989 shares (Direct)
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 $105.09 per share to fund beneficial owner's required tax withholding.
Key Figures
Shares used for tax withholding: 260 shares
Effective repurchase price: $105.09 per share
Shares held after transaction: 35,989 shares
3 metrics
Shares used for tax withholding
260 shares
Restricted stock returned to Allegiant Travel Co to cover tax obligations
Effective repurchase price
$105.09 per share
Price at which restricted shares were effectively repurchased by the company
Shares held after transaction
35,989 shares
Direct common stock holdings of Neal Robert James following the tax-withholding 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 $105.09 per share."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Neal Robert James report for ALGT?
Neal Robert James, Allegiant Travel Co’s President & CFO, reported a tax-withholding disposition of 260 shares of common stock. The shares came from vested restricted stock and were returned to the company to cover tax obligations at a price of $105.09 per share.
Was Neal Robert James’s ALGT transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition where the company effectively repurchased 260 restricted shares at $105.09 per share to fund the executive’s tax obligations triggered by the vesting of restricted stock.
What type of stock was involved in the ALGT insider tax-withholding transaction?
The transaction involved restricted stock that had been previously granted to Neal Robert James and vested over time. Upon vesting, 260 shares were returned to Allegiant Travel Co, which effectively repurchased them at $105.09 per share to cover tax withholding.