Schoppert Wendy Lee 4

What Happened
Wendy Lee Schoppert, a director of Sun Country Airlines Holdings (SNCY), had 7,040 restricted stock units (Company RSU Awards) cancelled and converted as part of the Allegiant merger on May 13, 2026. Each RSU converted to $4.10 in cash and 0.1557 shares of Allegiant common stock, for a cash component of $28,864 and an equity component of approximately 1,096.128 Allegiant shares. The filing reports the disposition code "D" (to the issuer) reflecting cancellation/conversion under the merger—not an open-market sale.

Key Details

• Transaction date: May 13, 2026 (reported on Form 4 filed May 15, 2026). Filing appears timely.
• Conversion terms: $4.10 cash per RSU and 0.1557 Allegiant shares per RSU.
• Total consideration: $28,864 cash + ~1,096.128 Allegiant shares for 7,040 RSUs.
• Shares owned after transaction: Sun Country RSUs were cancelled (0 Sun Country RSUs remaining); the Form 4 does not itemize Schoppert’s total Allegiant shareholdings after conversion.
• Footnotes: Conversion resulted from the Agreement and Plan of Merger (Jan 11, 2026); Sun Country is now Sun Country Airlines Holdings, LLC and a wholly owned Allegiant subsidiary.

Context
This was a merger-driven conversion of equity awards (not a voluntary sale). The reporting shows disposition to the issuer under the merger agreement; the economic result was a cash payment and issuance of Allegiant stock in exchange for vested/converted RSUs.