4/A: Cinemark CEO Sean Gamble Reports Changes in Beneficial Ownership
SEC Form 4/A
Cinemark's CEO, Sean Gamble, reports changes in his beneficial ownership of company stock due to tax liability payments and a transfer of shares to a revocable trust.
Summary
- Sean Gamble, CEO of Cinemark Holdings, Inc., filed an amendment to his Form 4 detailing changes in his beneficial ownership of Cinemark common stock.
- The changes include shares withheld by the issuer to cover tax liabilities upon the vesting of restricted stock granted in 2021, 2023, and 2024.
- Additionally, Mr. Gamble transferred 91,848 shares to the Joint Revocable Trust of Sean Robert Gamble and Luminita Spetcu on February 20, 2025.
- The reporting person remains a beneficial owner of the securities held by the Trust.
- After these transactions, Mr. Gamble directly owns 426,485 shares and indirectly owns 168,952 shares through the Joint Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in stock ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies like Cinemark.
Related Party Transactions
- Sean Gamble transferred 91,848 shares to the Joint Revocable Trust of Sean Robert Gamble and Luminita Spetcu, of which he and his spouse are co-trustees and his family are the beneficiaries.
Stakeholder Impact
- The changes in beneficial ownership have a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/19/2021 | Date of original restricted stock grant related to tax liability payment. |
| 02/19/2025 | Shares withheld for tax liability upon vesting of restricted stock. |
| 02/20/2023 | Date of original restricted stock grant related to tax liability payment. |
| 02/20/2024 | Date of original restricted stock grant related to tax liability payment. |
| 02/20/2025 | Shares withheld for tax liability upon vesting of restricted stock and transfer of shares to Joint Revocable Trust. |
| 02/21/2025 | Date of Original Filed. |
| 03/27/2025 | Date of signature on the Form 4/A amendment. |
Keywords
Cinemark, Sean Gamble, beneficial ownership, Form 4, restricted stock, tax liability, Joint Revocable Trust, CNK
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