Tax share sale by Sun Country (NASDAQ: SNCY) CEO in Form 4 filing
Rhea-AI Filing Summary
Sun Country Airlines Holdings, Inc. reported an insider transaction by Chief Executive Officer and director Jude Bricker5,514 shares of common stock at $14.972 per share. According to the disclosure, the shares were sold solely to cover tax withholding obligations tied to the vesting of restricted stock units and were executed as a mandated “sell to cover” transaction, not as a discretionary trade.
After this transaction, Bricker beneficially owned 173,044 shares of Sun Country common stock in direct ownership form.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,514 shares
Net Sell
1 txn
Insider
Bricker Jude
Role
Chief Executive Officer
Sold
5,514 shs ($83K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 5,514 | $14.972 | $83K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 173,044 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated to satisfy the tax withholding obligations which are funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sun Country (SNCY) report in this Form 4?
The filing reports that CEO and director Jude Bricker sold 5,514 shares of Sun Country Airlines Holdings, Inc. common stock at $14.972 per share.
What type of security was involved in the Sun Country (SNCY) Form 4 filing?
The transaction involved Common Stock, par value $0.01 per share of Sun Country Airlines Holdings, Inc.
What is the role of the reporting person in Sun Country (SNCY)?
The reporting person, Jude Bricker, is identified as both a Director and the Chief Executive Officer of Sun Country Airlines Holdings, Inc.