TransDigm (TDG) director gets 37-share stock grant as board fee
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCCULLOUGH GARY E reported acquisition or exercise transactions in this Form 4 filing.
TransDigm Group Inc. director Gary E. McCullough received 37 shares of common stock as a stock-based director fee. The shares were valued at $1,214.66 per share, reflecting payment of a semi-annual board fee in stock rather than cash under the Director Share Plan. Following this award, he directly holds 952 common shares, indicating a relatively small, routine compensation-related increase in his ownership rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCCULLOUGH GARY E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37 | $1,214.66 | $45K |
Holdings After Transaction:
Common Stock — 952 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did TransDigm (TDG) disclose for Gary E. McCullough?
TransDigm disclosed that director Gary E. McCullough received 37 shares of common stock. The shares were granted as part of his semi-annual director fee, paid in stock under the company’s Director Share Plan instead of cash compensation.
Was the TransDigm (TDG) insider transaction an open-market buy or a stock grant?
The transaction was a stock grant, not an open-market purchase. McCullough received 37 common shares as a compensation award in lieu of cash director fees, based on the shares’ fair market value under the Director Share Plan.
What does the footnote in the TransDigm (TDG) Form 4 for Gary McCullough explain?
The footnote explains the 37 shares were received in lieu of a semi-annual director fee. The amount was converted to stock using fair market value, in accordance with TransDigm’s Director Share Plan for compensating board members.