Jennifer H. Allen - May 2, 2024 Form 4/A Insider Report for TRIUMPH GROUP INC (TGI)

Role
CAO, GC & Secretary
Signature
Jennifer H. Allen
Stock symbol
TGI
Transactions as of
May 2, 2024
Transactions value $
-$178,206
Form type
4/A
Date filed
5/6/2024, 03:02 PM
Date Of Original Report
Apr 30, 2024
Previous filing
Apr 30, 2024
Next filing
May 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction TGI Common Stock Options Exercise $0 +7.27K +14.9% $0.00 56.1K Apr 27, 2023 Direct
transaction TGI Common Stock Options Exercise $0 +6.61K +11.79% $0.00 62.7K Apr 27, 2024 Direct
transaction TGI Common Stock Tax liability -$52.1K -3.81K -6.08% $13.66 58.9K Apr 27, 2024 Direct F1
transaction TGI Common Stock Award $0 +34K +57.8% $0.00 92.9K May 2, 2024 Direct F2
transaction TGI Common Stock Tax liability -$126K -9.41K -10.13% $13.40 83.5K May 2, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TGI Restricted Stock Units Options Exercise $0 -7.27K -100% $0.00 0 Apr 27, 2024 Common Stock 7.27K Direct F3
transaction TGI Restricted Stock Units Options Exercise $0 -6.61K -33.33% $0.00 13.2K Apr 27, 2024 Common Stock 6.61K Direct F3, F4

Explanation of Responses:

Id Content
F1 Represents shares withheld to cover a tax liability in connection with the vesting and settlement of the performance-based restricted stock units and restricted stock units, as applicable, described herein.
F2 Represents Common Stock earned by the Reporting Person from a performance-based restricted stock unit award granted in Fiscal Year 2022 due to the achievement of certain performance goals, as determined by the Human Capital and Compensation Committee of the Issuer on May 2, 2024.
F3 Each restricted stock unit represents the right to receive one share of the Registrant's common stock.
F4 Forfeiture restrictions will lapse for 6,609 restricted stock units on April 27, 2025 and 6,611 restricted stock units on April 27, 2026. Earlier potential lapse of forfeiture events set forth in the Company's severance plans apply to this award.

Remarks:

This Form 4/A amends and restates the original Form 4 filed by the reporting person on April 30, 2024 ("Original Form 4"). The Original Form 4 incorrectly reported the acquisition of shares related to a performance award on April 25, 2024. However, the final determination and certification of performance occurred on May 2, 2024. This amendment is deemed to withdraw the transactions that were reported in the Original Form 4 to have occurred on April 25, 2024 and report the acquisition of performance-based shares and related tax withholdings on May 2, 2024 and update the ownership amounts accordingly.