Bohley G Frederick 4
Research Summary
AI-generated summary
Allison (ALSN) President/COO Frederick Receives Award; 7,580 Shares Withheld
What Happened
- G. Frederick, President & Business Unit Leader of Allison Transmission and Chief Operating Officer, had performance-based restricted stock units (PSUs) settle on 2026-02-28. The PSUs converted into 17,101 shares of ALSN common stock.
- To satisfy tax-withholding obligations, 7,580 of those shares were withheld at $125.30 per share for a withholding value of $949,774. The insider received a net 9,521 shares. (At the same $125.30 price, 17,101 shares would be worth roughly $2.14M.)
Key Details
- Transaction date: 2026-02-28; Form 4 filed: 2026-03-03.
- Actions reported: conversion/settlement of PSUs (derivative exercise/settlement) and share withholding to pay taxes.
- Withheld shares: 7,580 shares withheld at $125.30 = $949,774.
- Net shares delivered to insider: 9,521 (17,101 settled − 7,580 withheld).
- Footnotes: F1 = settlement of performance-based RSUs granted Feb 22, 2023; F2 = shares withheld to satisfy tax withholding.
- Shares owned after the transaction: not specified in the excerpt provided on this filing.
Context
- This was a routine PSU vesting/settlement, not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is common and does not necessarily signal a change in the insider’s view of the company.
- The Form 4 shows derivative conversion entries (code M) corresponding to the PSUs converting into stock and a tax-withholding disposition (code F). No cash sale of shares on the open market was reported in this filing.