American Airlines (AAL) CEO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Airlines Group Inc. CEO and President Robert D. Isom Jr. reported a Form 4 transaction involving company common stock. On this date, 48,429 shares were disposed of through a tax-withholding arrangement, where shares were withheld by the issuer to cover taxes due on vesting restricted stock units. After this non‑open‑market disposition, he directly owned 3,794,279 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Isom Robert D Jr
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 48,429 | $13.07 | $633K |
Holdings After Transaction:
Common Stock — 3,794,279 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did American Airlines (AAL) report for its CEO?
American Airlines reported CEO Robert D. Isom Jr. disposed of 48,429 common shares. The shares were withheld by the company to cover tax obligations from vesting restricted stock units, rather than being sold in the open market.
Was the American Airlines (AAL) CEO’s Form 4 transaction a market sale?
No, the transaction was not a market sale. The 48,429 shares were withheld by American Airlines to satisfy applicable withholding taxes tied to vesting restricted stock units, a common administrative process rather than a discretionary open-market sale.
What was the reference price used in the American Airlines (AAL) CEO’s Form 4?
The Form 4 lists a price of $13.07 per share for the 48,429 common shares. This price is used to value the tax-withholding disposition associated with the vesting of restricted stock units, not necessarily a trade execution price on an exchange.