4//SEC Filing
Levenhagen Eric 4
Accession 0001127602-23-020214
CIK 0001743907other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 5:21 PM ET
Size
8.0 KB
Accession
0001127602-23-020214
Insider Transaction Report
Form 4
Levenhagen Eric
Chief Admin. Off., GC & Sec.
Transactions
- Sale
Common Stock, par value $0.01 per share
2023-07-03$22.42/sh−387$8,677→ 12,725 total - Award
Employee Stock Option (Right to Buy)
2023-06-30+108,457→ 114,009 totalExercise: $5.30From: 2023-06-30Exp: 2028-11-21→ Common Stock (108,457 underlying)
Footnotes (2)
- [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.
- [F2]On November 21, 2018, the reporting person was granted an option to purchase 198,281 shares of common stock. Upon a change in control, the option vests 33% if the Company's private equity investors achieve a MOIC of at least 3.0x, and 100% if the Company's private equity investors achieve a MOIC of at least 5.0x, with vesting with respect to achievement in between 3.0x and 5.0x subject to linear interpolation. If a change in control has not occurred by certain measurement dates following the Company's initial public offering, the unvested portion of the option may be eligible to vest based on achievement of certain performance criteria. On June 16, 2023, a change in control occurred and vesting of the option as to 5,552 shares occurred on that date. On June 29, 2023, the Company's Compensation Committee determined pursuant to the award agreement that the performance criteria for the final installment were met, resulting in vesting as to an additional 108,457 shares on June 30, 2023.
Documents
Issuer
Sun Country Airlines Holdings, Inc.
CIK 0001743907
Entity typeother
Related Parties
1- filerCIK 0001850680
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 5:21 PM ET
- Size
- 8.0 KB