Form 4: Sabre Corp EVP and CFO Michael Randolfi Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael Randolfi, EVP and CFO of Sabre Corp, reports the acquisition and disposal of common stock and restricted share units.
Summary
- On May 15, 2025, Michael Randolfi, the EVP and CFO of Sabre Corp, reported changes in his beneficial ownership of the company's securities.
- He surrendered 62,186 shares of common stock to cover tax withholding obligations related to the vesting of restricted share units at a price of $2.95 per share.
- Randolfi also received a grant of 285,714 restricted share units.
- These restricted share units vest in three equal installments: 33 1/3% on March 15, 2026, 33 1/3% on March 15, 2027, and 33 1/3% on March 15, 2028, contingent upon his continued employment with Sabre Corp.
- Following these transactions, Randolfi beneficially owns 1,086,258 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting standard executive compensation practices and tax obligations.
Positives
- The grant of 285,714 restricted share units indicates continued investment in the company's leadership.
Future Outlook
The vesting of restricted share units is contingent upon the reporting person's continued employment with the Issuer through each vesting date.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction and grant of restricted share units. |
| 03/15/2026 | First vesting date (33 1/3%) of restricted share units. |
| 03/15/2027 | Second vesting date (33 1/3%) of restricted share units. |
| 03/15/2028 | Third vesting date (33 1/3%) of restricted share units. |
| 05/19/2025 | Date of signature by attorney-in-fact. |
Keywords
Sabre Corp, Michael Randolfi, beneficial ownership, restricted share units, Form 4, securities, vesting
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