Form 4: Cinemark SVP Caren Bedard Reports Stock Disposals for Tax Obligations
SEC Form 4
Caren Bedard, SVP-Global Controller at Cinemark Holdings, Inc., reported the disposal of common stock to cover tax liabilities upon the vesting of restricted stock.
Summary
- Caren Bedard, SVP-Global Controller of Cinemark Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 19, 2025, 707 shares of common stock were disposed of at $33.06 per share to cover tax liabilities related to the vesting of 1,785 shares of restricted stock granted on February 19, 2021.
- An additional 1,331 shares were disposed of on the same day at $33.06 per share to cover tax liabilities related to the vesting of 3,569 shares of restricted stock granted on February 19, 2021.
- On February 20, 2025, 882 shares were disposed of at $28.57 per share to cover tax liabilities related to the vesting of 2,568 shares of restricted stock granted on February 20, 2023.
- Also on February 20, 2025, 640 shares were disposed of at $28.57 per share to cover tax liabilities related to the vesting of 1,866 shares of restricted stock granted on February 20, 2024.
- Following these transactions, Bedard beneficially owns 29,535 shares of Cinemark common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of insider transactions and are common across publicly traded companies. This filing indicates the SVP-Global Controller is managing their equity compensation.
Key Dates
| Date | Description |
|---|---|
| 02/19/2021 | Date of original restricted stock grant related to disposals on 02/19/2025. |
| 02/19/2021 | Date of original restricted stock grant related to disposals on 02/19/2025. |
| 02/20/2023 | Date of original restricted stock grant related to disposals on 02/20/2025. |
| 02/20/2024 | Date of original restricted stock grant related to disposals on 02/20/2025. |
| 02/19/2025 | Disposal of 707 shares of common stock to cover tax liabilities. |
| 02/19/2025 | Disposal of 1,331 shares of common stock to cover tax liabilities. |
| 02/20/2025 | Disposal of 882 shares of common stock to cover tax liabilities. |
| 02/20/2025 | Disposal of 640 shares of common stock to cover tax liabilities. |
| 02/21/2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.