Zubeck Daniel Torque 4
Research Summary
AI-generated summary
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.