TransDigm (NYSE: TDG) director receives stock grant in lieu of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HENNESSY SEAN P reported acquisition or exercise transactions in this Form 4 filing.
TransDigm Group director Sean P. Hennessy received 41 shares of common stock as compensation, valued at $1,214.66 per share. This was a stock grant rather than an open-market purchase.
The shares were issued in lieu of his semi-annual director fee under the company’s Director Share Plan, bringing his direct holdings to 33,790.09 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HENNESSY SEAN P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41 | $1,214.66 | $50K |
Holdings After Transaction:
Common Stock — 33,790.09 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did TransDigm (TDG) report for Sean P. Hennessy?
TransDigm reported that director Sean P. Hennessy received 41 shares of common stock as a stock grant. The shares were issued as compensation in lieu of a semi-annual director fee under the Director Share Plan at $1,214.66 per share.
Was the Sean P. Hennessy TDG Form 4 transaction a stock purchase or compensation grant?
The Form 4 shows a compensation grant, not a market purchase. Sean P. Hennessy received 41 TransDigm common shares in lieu of his semi-annual director fee, based on fair market value under the company’s Director Share Plan.
What price was used for Sean P. Hennessy’s TransDigm stock grant?
The 41 TransDigm common shares granted to Sean P. Hennessy were valued at $1,214.66 per share. This value reflects fair market value as used for paying his semi-annual director fee under the Director Share Plan.