Form 4: Cinemark Executive Wanda Marie Gierhart Reports Stock Disposals for Tax Obligations

Wanda Marie Gierhart, Chief Marketing & Content Officer of Cinemark Holdings, Inc., reported the disposal of shares to cover tax liabilities upon the vesting of restricted stock.

Summary

• Wanda Marie Gierhart, Chief Marketing & Content Officer at Cinemark Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 19, 2025, Gierhart disposed of 2,795 shares of common stock at $33.06 per share to cover tax liabilities from vesting of restricted stock granted on February 19, 2021.
• An additional 5,313 shares were disposed of on the same date at the same price for tax liabilities related to restricted stock with a 4-year cliff vest granted on February 19, 2021.
• On February 20, 2025, Gierhart disposed of 3,822 shares at $28.57 per share to cover tax liabilities from vesting of restricted stock granted on February 20, 2023.
• Also on February 20, 2025, 3,072 shares were disposed of at $28.57 per share for tax liabilities related to restricted stock granted on February 20, 2024.
• Following these transactions, Gierhart directly owns 164,589 shares of Cinemark common stock.

Sentiment

Score: 6

Explanation: The document is neutral, simply reporting stock disposals for tax purposes. It doesn't indicate positive or negative sentiment towards the company's performance.

Industry Context

Executive stock disposals for tax purposes are a common occurrence and generally don't reflect a negative outlook on the company's future.

Stakeholder Impact

• The stock disposals may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates

Keywords

Cinemark, Gierhart, Form 4, Stock Disposal, Beneficial Ownership, Restricted Stock, Tax Liability