Form 4: Sabre Corp EVP and CFO Michael Randolfi Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Michael Randolfi, EVP and CFO of Sabre Corp, disposed of 14,320 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 15, 2024, Michael Randolfi, the EVP and CFO of Sabre Corp, disposed of 14,320 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $3.22 per share.
- Following the transaction, Randolfi directly owns 862,730 shares of Sabre Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/15/2024 | Date of transaction: Michael Randolfi disposed of shares to cover tax obligations. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
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