Gregory Mays - Sep 21, 2022 Form 4 Insider Report for Sun Country Airlines Holdings, Inc. (SNCY)

Role
Chief Operating Officer & EVP
Signature
/s/ Rose Neale, as attorney-in-fact for Gregory Mays
Stock symbol
SNCY
Transactions as of
Sep 21, 2022
Transactions value $
$131,361
Form type
4
Date filed
9/23/2022, 05:45 PM
Previous filing
Jun 13, 2022
Next filing
Oct 5, 2022

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 SNCY Employee Stock Option (Right to Buy) Award $131K +24.8K +8.56% $5.30 314K Sep 21, 2022 Common Stock 24.8K $5.30 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 1, 2019, the reporting person was granted an option to purchase 330,465 shares of common stock. The option vests in six installments based on Sun Country's satisfaction of certain performance criteria. The performance criteria for the second installment were met resulting in partial vesting of the option as to 24,785 shares on September 19, 2022.
F2 Vest in four annual installments, subject to continued service, beginning June 3, 2020.