Allegiant Travel Company Files Definitive Proxy Statement

TL;DR

<b>Allegiant Travel Company filed its DEF 14A proxy statement on April 29, 2024, detailing executive compensation and stock awards for the fiscal year ending December 31, 2023.</b>

AI Summary

Allegiant Travel CO (ALGT) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Allegiant Travel Company filed a DEF 14A on April 29, 2024. The filing covers the period ending December 31, 2023. Key executives mentioned include Maurice J. Gallagher Jr. and John T. Redmond. The filing details stock awards, dividends, and other compensation elements. The company's fiscal year ends on December 31.

Why It Matters

For investors and stakeholders tracking Allegiant Travel CO, this filing contains several important signals. This filing provides crucial information for shareholders regarding executive compensation, stock awards, and potential changes in corporate governance, enabling informed voting decisions. Understanding the details of stock awards and dividends paid to key executives can offer insights into management's alignment with shareholder interests and the company's financial performance.

Risk Assessment

Risk Level: — Allegiant Travel CO shows moderate risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or significant operational changes, indicating a low level of immediate risk.

Analyst Insight

Shareholders should review the executive compensation and stock award details to assess management's incentives and alignment with company performance.

Executive Compensation

Key Numbers

• 2024-04-29 — Filing Date (DEF 14A filing date)
• 2023-12-31 — Period of Report End Date (Conformed period of report)
• 1231 — Fiscal Year End (Company fiscal year end)

Key Players & Entities

• Allegiant Travel CO (company) — Filer
• Maurice J. Gallagher Jr. (person) — Executive
• John T. Redmond (person) — Executive
• 2024-04-29 (date) — Filing Date
• 2023-12-31 (date) — Fiscal Year End

FAQ

Industry Context

Allegiant Travel operates in the air transportation industry, focusing on scheduled flights.

Regulatory Implications

The filing is a DEF 14A, a type of proxy statement required by the SEC for public companies.

What Investors Should Do

1. Review the compensation details for Maurice J. Gallagher Jr. and John T. Redmond.
2. Analyze the stock awards granted and vested during the reporting period.
3. Examine any disclosed dividends or other earnings paid to executives.

Key Dates

• 2024-04-29: DEF 14A Filing — Definitive Proxy Statement filed

Year-Over-Year Comparison

This is the initial filing analyzed, so no comparison to a previous filing is available.

Key Financial Figures

• $245.54 — pproved by security holders (1) 28,000 $245.54 485,686 (1) There are no securities t

Filing Documents

• algt-20240429.htm (DEF 14A) — 822KB
• algt-20240429_g1.jpg (GRAPHIC) — 82KB
• algt-20240429_g2.jpg (GRAPHIC) — 14KB
• algt-20240429_g3.jpg (GRAPHIC) — 82KB
• algt-20240429_g4.jpg (GRAPHIC) — 76KB
• algt-20240429_g5.jpg (GRAPHIC) — 82KB
• algt-20240429_g6.jpg (GRAPHIC) — 812KB
• algt-20240429_g7.jpg (GRAPHIC) — 618KB
• 0001362468-24-000011.txt (&nbsp;) — 5136KB
• algt-20240429.xsd (EX-101.SCH) — 4KB
• algt-20240429_def.xml (EX-101.DEF) — 6KB
• algt-20240429_lab.xml (EX-101.LAB) — 8KB
• algt-20240429_pre.xml (EX-101.PRE) — 5KB
• algt-20240429_htm.xml (XML) — 118KB

Executive Compensation 19

Executive Compensation 19 Report of the Compensation Committee 36 CEO Pay Ratio 37 Pay vs. Performance 38 Related Party Transactions 42 Proposal No. 2 - Advisory (non-binding) Vote on Executive Compensation 43 Proposal No. 3 - Approval of an Amendment and Restatement of the Allegiant Travel Company 2014 Employee Stock Purchase Plan 44 Proposal No. 4 - Ratification of the Selection of Independent Registered Public Accountants 48 Principal Accountant Fees and Services 49 Board Audit Committee Report 50 Stockholder Proposals, Householding of Annual Meeting Materials, and Other Matters 51 Appendix A - Amendment and Restatement of the Allegiant Travel Company 2014 Employee Stock Purchase Plan 54 ALLEGIANT TRAVEL COMPANY 1201 N. TOWN CENTER DRIVE LAS VEGAS, NEVADA 89144 (702) 851-7300 PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS To Be Held on June 26, 2024 This proxy statement is furnished in connection with the solicitation of proxies on behalf of our board of directors to be voted at the annual meeting of our stockholders to be held on June 26, 2024, and any adjournment or adjournments thereof, for the purposes set forth in the accompanying Notice of Annual Meeting of Stockholders. Our annual meeting of stockholders will be held at our Company headquarters at 1201 N. Town Center Drive, Las Vegas, Nevada 89144, on Wednesday, June 26, 2024, at 9:00 a.m. local time. This proxy statement and accompanying form of proxy will be first sent or given to our stockholders on or about May 8, 2024. Our annual report for the year ended December 31, 2023, is being sent to each stockholder of record along with this proxy statement. ABOUT THE MEETING What is the purpose of the annual meeting? At our annual meeting, our stockholders will act upon the matters outlined in the accompanying notice of meeting, including the election of directors, an advisory vote on executive compensation, an amendment and restatement of our 2014 Employee Stock

Security Ownership of Management and Certain Beneficial Owners

Security Ownership of Management and Certain Beneficial Owners The following table shows information known to us with respect to beneficial ownership of our common stock as of April 29, 2024 (or dates as otherwise noted), by (A) each director, (B) each of the executive officers named in the Summary Compensation Table beginning on page 28 , (C) all executive officers and directors as a group and (D) each person known by us to be a beneficial owner of more than five percent of our outstanding common stock. Each stockholder's percentage ownership in the following table is based on 18,232,284 shares of common stock outstanding as of April 29, 2024. Except as otherwise indicated, and subject to applicable community property laws, the persons named in the table have sole voting and investment power with respect to all shares of common stock held by them. Shares Beneficially Owned Name of Beneficial Owner Number Percentage 5% Stockholders: BlackRock, Inc. (1) 2,473,346 13.6% Maurice J. Gallagher, Jr. (2) 2,387,049 13.1% The Vanguard Group (3) 1,711,037 9.4% T. Rowe Price Investment Management, Inc. (4) 1,376,324 7.5% Named Executive Officers and Directors: Maurice J. Gallagher, Jr. (2) 2,387,049 13.1% Montie Brewer (5) 27,000 * Linda Marvin (5) 18,000 * Charles Pollard (5) 26,000 * Gary Ellmer (5) 8,490 * Ponder Harrison (5) 33,128 * Sandra Morgan (5) 12,000 * John Redmond (6) 240,552 1.3% Gregory Anderson (7) 135,693 * Scott DeAngelo (8) 91,499 * Robert P. Wilson III (9) 86,298 * Robert J. Neal (10) 19,395 * All executive officers and directors as a group (14 persons) (11) 2,885,627 15.8% * Represents ownership of less than one percent. (1) Information is based on a Schedule 13G/Amendment No. 2 filed with the Securities and Exchange Commission on January 23, 2024, by BlackRock, Inc. The Schedule 13G/Amendment No. 2 reports that as of December 31, 2023, BlackRock, Inc. has sole voting power over 2,448,297 shares and sole di

View Full Filing

View this DEF 14A filing on SEC EDGAR