Form 4: Cinemark Executive Michael Cavalier Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP-General Counsel Michael Cavalier reports stock transactions including acquisition of shares, tax liability payments via withheld shares, and a transfer of shares to a revocable trust.
Summary
- Michael Cavalier, EVP-General Counsel of Cinemark Holdings, Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On February 21, 2025, Cavalier acquired 18,652 shares of common stock.
- On February 23, 2025, 3,167 shares were withheld by the issuer to cover tax liabilities from the vesting of restricted stock granted on February 23, 2022.
- An additional 24,940 shares were withheld on the same date for tax liabilities related to the vesting of performance share units also granted on February 23, 2022.
- On February 25, 2025, Cavalier transferred 246,581 shares to the Cavalier Revocable Trust.
- Following these transactions, Cavalier directly owns 53,137 shares and indirectly owns 246,581 shares through the Cavalier Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to executive stock transactions and is a standard practice for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Date of original grant of restricted stock and performance share units. |
| 02/21/2025 | Date of acquisition of 18,652 shares of common stock. |
| 02/23/2025 | Date shares were withheld for tax liability payments. |
| 02/25/2025 | Date of transfer of 246,581 shares to the Cavalier Revocable Trust. |
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