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MINNEAPOLIS—Erin Rose Neale, Senior Vice President, General Counsel, and Secretary at Sun Country Airlines Holdings , Inc. (NASDAQ:SNCY), recently sold 798 shares of the company’s common stock. The transaction, disclosed in a recent SEC filing, took place on April 1, 2025, at a price of $12.0317 per share, totaling approximately $9,601. The sale occurred as the stock, currently trading at $11.32, has experienced an 8% decline over the past week. According to InvestingPro analysis, the company maintains a GOOD financial health score despite recent market pressure.
This sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units. Following the transaction, Neale holds 34,660 shares of Sun Country Airlines. The sale was not a discretionary trade, as it was mandated to satisfy tax obligations. With the company currently appearing undervalued and its next earnings report due on May 1, 2025, investors can access comprehensive analysis and 8 additional key insights through InvestingPro’s detailed research reports.
In other recent news, Sun Country Airlines Holdings Inc. reported impressive financial results for the fourth quarter of 2024, achieving record revenue of $260.4 million, a 6.1% increase from the previous year. The company’s earnings per share exceeded expectations at $0.20, surpassing the forecasted $0.1888. Sun Country Airlines also announced its highest annual revenue on record, totaling $1.08 billion for the year. Additionally, the airline updated its financial outlook, providing investors with the latest operational insights through an Investor Update filed with the SEC. In a significant financial event, the company completed a secondary public offering and concurrent share repurchase, marking the sale of 6,346,105 shares of common stock. Furthermore, Sun Country Airlines entered into a material agreement with Synchrony Bank to launch a co-branded credit card program, set to begin in the fourth quarter of 2025. These recent developments reflect the airline’s ongoing efforts to diversify its financial partnerships and strengthen its market position.
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