Horton got his!!!
#1
Gets Weekends Off
Thread Starter
Joined APC: Nov 2005
Position: 320 fo
Posts: 160
Horton got his!!!
Just in case some of you missed it, Horton got his big payday yesterday. Equal to over 17 million at todays trading price, not bad considering my 14 years got me 128 total shares worth $3500 bucks
1. Name and Address of Reporting Person*
HORTON THOMAS W
(Last) (First) (Middle)
4333 AMON CARTER BLVD.
(Street)
FORT WORTH TX 76155
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
American Airlines Group Inc. [AAL] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/09/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/09/2014 A 15,013 A $ 0 (1) 139,761 D
Common Stock 01/09/2014 A 10,699 A $ 0 (1) 150,460 D
Common Stock 01/09/2014 A 4,610 A $ 0 (1) 155,070 D
Common Stock 01/09/2014 F(2) 8,938 D $ 0 (1) 146,132 D
1. Name and Address of Reporting Person*
HORTON THOMAS W
(Last) (First) (Middle)
4333 AMON CARTER BLVD.
(Street)
FORT WORTH TX 76155
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
American Airlines Group Inc. [AAL] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/09/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/09/2014 A 15,013 A $ 0 (1) 139,761 D
Common Stock 01/09/2014 A 10,699 A $ 0 (1) 150,460 D
Common Stock 01/09/2014 A 4,610 A $ 0 (1) 155,070 D
Common Stock 01/09/2014 F(2) 8,938 D $ 0 (1) 146,132 D
#2
Wow, you totally should have negotiated a better compensation package....like he did.
#4
Gets Weekends Off
Joined APC: Mar 2011
Position: A319/20/21 FO
Posts: 292
Considering how much most AA people hated Horton's guts, I should think the severance issue is fairly obvious. It was all but stated in these words ....
The money isn't to pat Tom on the back for his work at AA ... it is to MAKE HIM GO AWAY! For most AA that I've talked to, that's a bargain at any price
The money isn't to pat Tom on the back for his work at AA ... it is to MAKE HIM GO AWAY! For most AA that I've talked to, that's a bargain at any price
#5
Gets Weekends Off
Joined APC: Jul 2010
Posts: 3,201
Considering how much most AA people hated Horton's guts, I should think the severance issue is fairly obvious. It was all but stated in these words ....
The money isn't to pat Tom on the back for his work at AA ... it is to MAKE HIM GO AWAY! For most AA that I've talked to, that's a bargain at any price
The money isn't to pat Tom on the back for his work at AA ... it is to MAKE HIM GO AWAY! For most AA that I've talked to, that's a bargain at any price
#6
No, I don't think they are anything alike.
Horton could have worked against the deal when the DOJ sued to block. If he had squelched the merger he could have made A LOT more. He didn't though and helped the merger proceed. Time to move on. In the end, a small price to pay in my opinion.
Horton could have worked against the deal when the DOJ sued to block. If he had squelched the merger he could have made A LOT more. He didn't though and helped the merger proceed. Time to move on. In the end, a small price to pay in my opinion.
#7
I don't have a huge beef with Horton. He was better than everybody who came after Crandall. What a disastrous string of bad CEO's we've had...
I do think $17 mil is a bit nuts. A more appropriate package would be valued at $4 million or so.
I do think $17 mil is a bit nuts. A more appropriate package would be valued at $4 million or so.
#10
Gets Weekends Off
Joined APC: Sep 2012
Posts: 172
...thus another example of how pilots are indeed their own worse enemy. Applaud the white collar criminals that have managed to keep the airline pilot profession in the death spiral. Pilots who consider themselves as "quasi management" are like being "quasi pregnant." You either are or you are not and in our case we are not. We are labor and management has only one objective when it comes to labor: $$$$. Todays airline pilots purchasing power is less than 50 percent of pre deregulation pilots while management has seen their purchasing power increase 5 fold or more. Yep, heap praise on To Ho while you sit there trying to figure out how to pay your kids next tuition bill, that's really smart.
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