Allegiant (ALGT) CCO Wells Drew Allen Sells 260 Shares for Tax Withholding

What Happened

Wells Drew Allen, EVP and Chief Commercial Officer of Allegiant Travel Co. (ALGT), had 260 shares disposed of on August 4, 2026 to satisfy tax withholding related to vesting restricted stock. The shares were repurchased by the company at $105.09 per share, yielding a total value of $27,323. The filing uses transaction code F, indicating the disposition was for tax withholding rather than a voluntary market sale.

Key Details

• Transaction date: 2026-08-04; Repurchase price: $105.09 per share.
• Shares disposed: 260; Total value: $27,323.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1–Vested restricted stock returned for tax withholding; F2–Company repurchased shares at $105.09 to fund withholding; F3–Includes 259 shares acquired Apr 30, 2026 via the company ESPP (exempt under Rule 16b-3(c)).
• Filing date: 2026-08-06. Filing appears timely (Form 4 is due within two business days).

Context

This was a routine cashless repurchase to cover tax obligations on vested restricted stock (transaction code F), not an open-market sale that necessarily signals a change in insider sentiment. The filing also notes inclusion of 259 ESPP shares acquired April 30, 2026 that were exempt from immediate reporting when purchased.