Wells Drew Allen 4
Research Summary
AI-generated summary
Allegiant (ALGT) EVP Drew Allen Receives 9,760-Share Award
What Happened
Drew Allen, Executive Vice President and Chief Commercial Officer of Allegiant Travel Co. (ALGT), was granted 9,760 restricted shares on 2026-02-06. The award was reported on a Form 4 filed 2026-02-10 and shows an acquisition price of $0.00 (i.e., a compensation grant rather than a market purchase).
Key Details
- Transaction date: 2026-02-06; Transaction type: Award/Grant (code A); Price reported: $0.00.
- Number of shares granted: 9,760 restricted shares.
- Shares owned after transaction: Not specified in the provided filing.
- Filing date: 2026-02-10 — appears to be filed within the SEC’s two-business-day window (timely).
- Footnote F1: Grant of restricted stock that vests over three years.
- Footnote F2: Filing also notes 314 shares acquired 10/31/2025 under the company’s employee stock purchase plan; that acquisition was exempt under Rule 16b-3(c) and was not previously reported.
Context
Restricted stock grants are a form of compensation that typically vest over time and may be forfeited if employment ends before vesting—they are not the same as an open-market purchase or immediate sale. Such awards are common for executives and are intended for retention/compensation rather than a direct market signal.