Zubeck Daniel Torque 4
4 · Sun Country Airlines Holdings, LLC · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Sun Country (SNCY) CFO Daniel Zubeck Cancels/Settles RSUs in Merger
What Happened
Zubeck Daniel Torque (CFO) had restricted stock unit awards affected by Sun Country’s merger into Allegiant on May 13, 2026. The filing reports a disposition (cancellation/settlement) of 80,048 Company RSUs and a related derivative award activity of 15,097 Parent RSUs that were granted (converted) and then disposed to the issuer the same day. No per-share prices or cash values are reported (listed as N/A).
Key Details
- Transaction date: 2026-05-13; Form 4 filed 2026-05-15 (timely — within the 2-business-day window).
- Reported entries: disposition of 80,048 Company RSUs (D); grant/assumption of 15,097 Parent RSUs (A, derivative) and immediate disposition of those 15,097 Parent RSUs (D, derivative).
- Prices/values: N/A in the filing — merger consideration amounts not shown on the Form 4.
- Shares owned after transaction: not disclosed in the items you provided.
- Footnotes: the transactions resulted from the Agreement and Plan of Merger (Sun Country merged into Allegiant). Company RSU Awards were assumed/converted into Allegiant (Parent) RSU awards; performance-based RSUs were converted into Allegiant time-based RSUs (no longer subject to performance vesting but retaining double-trigger vesting protections).
Context
These entries reflect corporate merger mechanics (conversion, assumption, and cancellation/settlement of RSUs), not an open-market sale or purchase by the insider. Disposition-to-issuer (D) typically means the awards were surrendered/cancelled as part of the merger consideration rather than a routine trading decision. No trading price or immediate cash proceeds are shown on the Form 4.
Insider Transaction Report
Form 4Exit
Zubeck Daniel Torque
SVP & Chief Financial Officer
Transactions
- Disposition to Issuer
COMMON STOCK
[F1][F2][F3][F4]2026-05-13−80,048→ 0 total - Award
Performance Restricted Stock Units
[F1][F2][F5]2026-05-13+15,097→ 15,097 total→ Common Stock (15,097 underlying) - Disposition to Issuer
Performance Restricted Stock Units
[F1][F2][F5]2026-05-13−15,097→ 0 total→ Common Stock (15,097 underlying)
Footnotes (5)
- [F1]On May 13, 2026, pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 11, 2026, by and among Sun Country Airlines Holdings, Inc. ("Sun Country" ), Allegiant Travel Company ("Allegiant"), Mirage Merger Sub, Inc. ("Merger Sub 1") and a direct wholly owned subsidiary of Allegiant, Sawdust Merger Sub, LLC ("Merger Sub 2"), a direct wholly owned subsidiary of Allegiant: (a) Merger Sub 1 merged with and into Sun Country (the "First Merger"), with Sun Country surviving the First Merger as a direct wholly owned subsidiary of Allegiant and (b) immediately after the First Merger, Sun Country merged with and into Merger Sub 2, with Merger Sub 2 surviving as a direct, wholly owned subsidiary of Allegiant (the "Second Merger" and, together with the First Merger, the "Mergers"). All terms capitalized but not defined herein shall have the meaning given to them in the Merger Agreement.
- [F2](Continued from footnote 1) Following consummation of the Mergers, Sun Country Airlines Holdings, Inc. is now known as Sun Country Airlines Holdings, LLC.
- [F3]Reflects each outstanding Sun Country restricted stock unit award ("Company RSU Award") consisting of 80,048 restricted stock units previously granted to the reporting person, which, as of immediately prior to the effective time of the First Merger (the "First Effective Time"), was assumed and converted into an Allegiant restricted stock unit award ("Parent RSU Award") covering a number of shares of Allegiant common stock ("Parent Shares"), par value $0.001 per share, equal to the product of (x) the number of shares of Sun Country common stock, par value $0.01 per share ("Company Shares") underlying such Company RSU Award and (y) the quotient obtained by dividing the Merger Consideration Closing Value by the Parent Measurement Price, rounded down to the nearest whole share.
- [F4](Continued from footnote 2) The Parent RSU Awards will continue to have the same terms and conditions as the Company RSU Awards, including any double-trigger vesting protections.
- [F5]Reflects each outstanding Sun Country performance-based restricted stock unit award ("Company PRSU Award") previously granted to the reporting person, which, as of immediately prior to the First Effective Time, was assumed and converted into an Allegiant time-based restricted stock unit award ("Parent PRSU Award"), covering a number of Parent Shares equal to the quotient obtained by dividing (i) the product of (A) the number of Company Shares underlying such Company PRSU Award (deemed to be equal to 125% of the 'target' amount granted) and (B) the Merger Consideration Closing Value, by (ii) the Parent Measurement Price, rounded down to the nearest whole share. The Parent PRSU Awards will continue to have the same terms and conditions as the Company PRSU Awards, including any double-trigger vesting protections, but not any performance-based vesting conditions.
Signature
/s/ Rose Neale, as attorney-in-fact for Daniel Torque Zubeck|2026-05-15