Filing Details

Accession Number:
0001127602-23-020237
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-07-05 17:36:43
Reporting Period:
2023-06-30
Accepted Time:
2023-07-05 17:36:43
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1743907 Sun Country Airlines Holdings Inc. SNCY () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1548610 Jude Bricker C/O Sun Country Airlines Holdings, Inc.
2005 Cargo Road
Minneapolis MN 55450
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share Disposition 2023-07-03 6,366 $22.44 76,691 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (Right to Buy) Acquisiton 2023-06-30 542,299 $0.00 542,299 $5.30
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,449,279 2023-06-30 2028-11-21 No 4 A Direct
Footnotes
  1. Represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated to satisfy the tax withholding obligations which arefunded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
  2. On November 21, 2018, the reporting person was granted an option to purchase 991,409 shares of common stock. Upon a change in control, the option vests 33% if the Company's private equity investors achieve a MOIC of at least 3.0x, and 100% if the company's private equity investors achieve a MOIC of at least 5.0x, with vesting with respect to achievement in between 3.0x and 5.0x subject to linear interpolation. If a change in control has not occurred by certain measurement dates following the Company's initial public offering, the unvested portion of the option may be eligible to vest based on achievement of certain performance criteria. On June 16, 2023, a change in control occurred and vesting of the option as to 27,760 shares occurred on that date. On June 29, 2023, the Company's Compensation Committee determined pursuant to the award agreement that the performance criteria for the final installment were met, resulting in vesting as to an additional 542,299 shares on June 30, 2023.