Sun Country Airlines Holdings, Inc. DEF 14A Filing
Ticker: SNCY · Form: DEF 14A · Filed: Apr 29, 2024 · CIK: 1743907
Sentiment: neutral
Topics: DEF 14A, Sun Country Airlines, Executive Compensation, Equity Awards, Proxy Statement
TL;DR
<b>Sun Country Airlines Holdings, Inc. filed its DEF 14A proxy statement on April 29, 2024, detailing executive compensation and equity awards for the fiscal years 2021-2023.</b>
AI Summary
Sun Country Airlines Holdings, Inc. (SNCY) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Sun Country Airlines Holdings, Inc. filed a DEF 14A on April 29, 2024. The filing covers the period ending June 12, 2024. The company's principal executive offices are located at 2005 Cargo Road, Minneapolis, MN 55450. The filing includes data related to equity awards and pension benefits for the fiscal years 2021, 2022, and 2023. The SIC code for Sun Country Airlines Holdings, Inc. is 4512 (AIR TRANSPORTATION, SCHEDULED).
Why It Matters
For investors and stakeholders tracking Sun Country Airlines Holdings, Inc., this filing contains several important signals. This DEF 14A filing provides crucial information for shareholders regarding executive compensation, equity awards, and other governance matters, enabling informed voting decisions. The detailed breakdown of equity award values and changes over multiple fiscal years (2021-2023) offers insight into the company's incentive structures and potential future dilution.
Risk Assessment
Risk Level: low — Sun Country Airlines Holdings, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.
Analyst Insight
Review the executive compensation details and equity award valuations to understand potential shareholder dilution and management incentives.
Key Numbers
- 2021-01-01 — Fiscal Year Start (Data for equity awards)
- 2023-12-31 — Fiscal Year End (Data for equity awards)
- 2022-01-01 — Fiscal Year Start (Data for equity awards)
- 2021-12-31 — Fiscal Year End (Data for equity awards)
Key Players & Entities
- Sun Country Airlines Holdings, Inc. (company) — Filer name
- 2005 Cargo Road, Minneapolis, MN 55450 (location) — Business address
- 0001743907 (company) — Central Index Key
- 4512 (industry) — Standard Industrial Classification
- 2024-04-29 (date) — Filing date
- 2024-06-12 (date) — Period of report
FAQ
When did Sun Country Airlines Holdings, Inc. file this DEF 14A?
Sun Country Airlines Holdings, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 29, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Sun Country Airlines Holdings, Inc. (SNCY).
Where can I read the original DEF 14A filing from Sun Country Airlines Holdings, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Sun Country Airlines Holdings, Inc..
What are the key takeaways from Sun Country Airlines Holdings, Inc.'s DEF 14A?
Sun Country Airlines Holdings, Inc. filed this DEF 14A on April 29, 2024. Key takeaways: Sun Country Airlines Holdings, Inc. filed a DEF 14A on April 29, 2024.. The filing covers the period ending June 12, 2024.. The company's principal executive offices are located at 2005 Cargo Road, Minneapolis, MN 55450..
Is Sun Country Airlines Holdings, Inc. a risky investment based on this filing?
Based on this DEF 14A, Sun Country Airlines Holdings, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.
What should investors do after reading Sun Country Airlines Holdings, Inc.'s DEF 14A?
Review the executive compensation details and equity award valuations to understand potential shareholder dilution and management incentives. The overall sentiment from this filing is neutral.
How does Sun Country Airlines Holdings, Inc. compare to its industry peers?
Sun Country Airlines operates in the scheduled air transportation industry, a sector characterized by high fixed costs, regulatory oversight, and sensitivity to economic conditions.
Are there regulatory concerns for Sun Country Airlines Holdings, Inc.?
As an airline, Sun Country Airlines is subject to extensive regulation by the Federal Aviation Administration (FAA) and other governmental bodies concerning safety, operations, and consumer protection.
Industry Context
Sun Country Airlines operates in the scheduled air transportation industry, a sector characterized by high fixed costs, regulatory oversight, and sensitivity to economic conditions.
Regulatory Implications
As an airline, Sun Country Airlines is subject to extensive regulation by the Federal Aviation Administration (FAA) and other governmental bodies concerning safety, operations, and consumer protection.
What Investors Should Do
- Analyze the detailed breakdown of equity awards granted and vested for PEO and Non-PEO members across 2021, 2022, and 2023.
- Examine any reported changes in the actuarial present value of pension benefits for Non-PEO members.
- Review the 'YearOverYearChangeInFairValueOfOutstandingAndUnvestedEquityAwardsMember' for both PEO and Non-PEO members to understand compensation trends.
Key Dates
- 2024-04-29: Filing Date — Submission of DEF 14A proxy statement
- 2024-06-12: Period of Report — The period for which the proxy statement is relevant
Year-Over-Year Comparison
This filing is a DEF 14A, a routine proxy statement, and does not contain comparative financial data from a previous filing. It focuses on governance and compensation details.
Filing Stats: 4,860 words · 19 min read · ~16 pages · Grade level 11.6 · Accepted 2024-04-29 16:20:16
Key Financial Figures
- $1 billion — r 26,250 departures. We produced over $1 billion in revenue for the first time in our co
- $0.01 — f the Company's common stock, par value $0.01 per share ("common stock"), of record a
Filing Documents
- d798883ddef14a.htm (DEF 14A) — 643KB
- g798883dsp001.jpg (GRAPHIC) — 129KB
- g798883dsp002.jpg (GRAPHIC) — 99KB
- 0001193125-24-122365.txt ( ) — 1896KB
- sncy-20231231.xsd (EX-101.SCH) — 6KB
- sncy-20231231_def.xml (EX-101.DEF) — 6KB
- sncy-20231231_lab.xml (EX-101.LAB) — 8KB
- sncy-20231231_pre.xml (EX-101.PRE) — 5KB
- d798883ddef14a_htm.xml (XML) — 166KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 20 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 41 REPORT OF THE AUDIT COMMITTEE 45 AUDIT-RELATED FEES, TAX FEES AND ALL OTHER FEES 46 PROPOSAL 2 — SAY ON FREQUENCY 47 PROPOSAL 3 — SAY ON PAY 47 PROPOSAL 4 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 48
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 49 DELINQUENT SECTION 16(A) REPORTS 52 STOCKHOLDER PROPOSALS 53 HOUSEHOLDING MATTERS 54 OTHER MATTERS 55 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 56 v Table of Contents SUN COUNTRY AIRLINES HOLDINGS, INC. PROXY STATEMENT Annual Meeting of Stockholders of Sun Country Airlines Holdings, Inc. to be held on June 12, 2024 Some Questions You May Have Regarding This Proxy Statement Why did I receive these proxy materials? The Board of Directors (the "Board of Directors" or "Board") of Sun Country Airlines Holdings, Inc. (the "Company" or "Sun Country") is soliciting proxies for our 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Annual Meeting will be held virtually on June 12, 2024, at 9:00 a.m., Central Time. As a stockholder as of the close of business on April 15, 2024, which is the record date (the "Record Date") fixed by the Board of Directors, you are invited to attend the Annual Meeting and are entitled and urged to vote your shares on the proposals described in this proxy statement. The information included in this proxy statement relates to the proposals to be voted on at the Annual Meeting, the voting process, the compensation of Directors and our most highly-paid executive officers, and other required information. Our Annual Report on Form 10-K, for the fiscal year ended December 31, 2023 is available to review with this proxy statement. We are mailing a Notice of Internet Availability of Proxy Materials (the "Notice") to our stockholders on or about April 29, 2024. The Notice contains instructions on how to access this proxy statement and our Annual Report on Form 10-K, for the fiscal year ended December 31, 2023, online. What proposals will be voted on at the Annual Meeting? The four matters scheduled to be voted on at the Annual Meeting are: 1. The reelection of Jude Bricker, Dave Davis, and Kerry Philipovitch to the Bo