Patrick M. Shanahan - 04 Dec 2024 Form 4 Insider Report for Spirit AeroSystems Holdings, Inc. (SPR)

Role
President and CEO, Director
Signature
/s/ David Myers, Attorney-in-Fact
Issuer symbol
SPR
Transactions as of
04 Dec 2024
Net transactions value
-$3,892,223
Form type
4
Filing time
06 Dec 2024, 13:30:53 UTC
Previous filing
19 Nov 2024
Next filing
13 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPR Class A Common Stock Options Exercise +272,573 +247% 382,842 04 Dec 2024 Direct F1, F2
transaction SPR Class A Common Stock Tax liability $3,892,223 -118,161 -31% $32.94 264,681 04 Dec 2024 Direct

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 SPR Restricted Stock Units Options Exercise $0 -272,573 -46% $0.000000 317,621 04 Dec 2024 Class A Common Stock 272,573 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the accelerated vesting of time-based restricted stock unit awards that were otherwise scheduled to vest in 2025 for the purpose of reducing or eliminating the excise tax imposed under Section 280G and Section 4999 of the Internal Revenue Code of 1986, as amended, that would be imposed on amounts payable to the reporting person in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated June 30, 2024, among Spirit AeroSystems Holdings, Inc., The Boeing Company and Sphere Acquisition Corp.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 On June 30, 2024, the reporting person was granted 272,573 restricted stock units, vesting on the earlier of (a) the one-year anniversary of the grant date and (b) the consummation of the transactions contemplated by the Merger Agreement, subject to the continued employment through such vesting date.