Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ALGT | Common Stock | Disposed to Issuer | $0 | -7.7K | -11.88% | $0.00 | 57.1K | Jul 15, 2024 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Beneficial owner granted 77,000 shares of restricted stock on April 3, 2023 with vesting over time pursuant to beneficial owner's Amended and Restated Employment Agreement dated August 1, 2022. Of these shares, 21,560 shares have already vested, leaving 55,440 shares unvested. Beneficial owner entered into a Second Amended and Restated Employment Agreement effective as of July 1, 2024 (the "2024 Agreement"). Pursuant to the 2024 Agreement, 7,700 shares of the remaining 55,440 unvested shares shall be cancelled. The remaining 47,740 shares shall vest as follows: (i) 7,956 shares on October 1, 2024; (ii) 8,841 shares on April 1, 2025; (iii) 8,841 shares on October 1, 2025; (iv) 8,841 shares on April 1, 2026; (v) 8,841 shares on October 1, 2026; and (vi) the final 4,420 shares on January 1, 2027. |
F2 | Cancellation of a portion of unvested shares of restricted stock previously granted. |