Bricker Jude 4
Research Summary
AI-generated summary
Allegiant (ALGT) Director Jude Bricker Sells 40,437 Shares
What Happened Jude Bricker, a director of Allegiant Travel Co. (ALGT), had 40,437 shares disposed on May 13, 2026 as a company repurchase to cover tax withholding related to vested restricted stock. The repurchase price was $75.21 per share for a total of approximately $3,041,267. On the same date Bricker was also granted 1,000 restricted shares (reported as acquired at $0.00) that vest on May 13, 2027. The disposition was a tax-withholding repurchase (routine) rather than an open-market sale.
Key Details
- Transaction dates: May 13, 2026 (reported on Form 4 filed May 15, 2026) — filing appears timely.
- Disposition: 40,437 shares repurchased at $75.21/share for $3,041,267 (transaction code F — tax withholding).
- Acquisition: 1,000 restricted shares granted (transaction code A) reported at $0.00; vesting scheduled May 13, 2027.
- Footnotes: Beneficial owner received restricted stock with vesting over time; upon vesting a portion was returned to the company to satisfy tax withholding, repurchased at $75.21/share.
- Shares owned after the transactions: not specified in the provided filing.
Context This was a cashless/tax-withholding repurchase tied to vested restricted stock, a common administrative transaction that does not necessarily indicate the director’s view of the company. The new 1,000-share award will vest in one year (May 13, 2027).