Form 4: Cinemark Executive Michael Cavalier Reports Stock Disposals to Cover Tax Obligations

EVP-General Counsel Michael Cavalier of Cinemark Holdings, Inc. reports the disposal of shares to cover tax liabilities upon the vesting of restricted stock.

Summary

• Michael Cavalier, EVP-General Counsel of Cinemark Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the disposal of common stock on February 19, 2025, and February 20, 2025, to cover tax liabilities associated with the vesting of restricted stock.
• A total of 4,020 shares were disposed of at $33.06 on February 19, 2025, related to restricted stock granted on February 19, 2021.
• Another 7,796 shares were disposed of at $33.06 on February 19, 2025, related to restricted stock with a 4-year cliff vest granted on February 19, 2021.
• On February 20, 2025, 4,716 shares were disposed of at $28.57, related to restricted stock granted on February 20, 2023.
• Additionally, 3,761 shares were disposed of at $28.57 on February 20, 2025, related to restricted stock granted on February 20, 2024.
• Following these transactions, Cavalier beneficially owns 309,173 shares of Cinemark common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting stock disposals for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive is covering tax obligations related to vested stock, which is a common practice.

Stakeholder Impact

• The stock disposal by an executive could have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, Cinemark, Beneficial Ownership, Stock Disposal, Restricted Stock, Tax Liability, Michael Cavalier