Form 4: Sabre Corp EVP Shawn Williams Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Shawn Williams, EVP and Chief People Officer of Sabre Corp, reports changes in beneficial ownership of common stock due to vesting of performance-based restricted share units and tax withholding obligations.
Summary
- On March 15, 2024, Shawn Williams, EVP and Chief People Officer of Sabre Corp, reported changes in beneficial ownership of Sabre Corp common stock.
- 74,628 shares were acquired upon vesting of performance-based restricted share units from a grant dated March 15, 2021, at a price of $0.
- 18,173 shares were surrendered to the issuer to satisfy tax withholding obligations at a price of $1.98.
- 6,348 shares were also surrendered to the issuer to satisfy tax withholding obligations at a price of $1.98.
- Following these transactions, Williams directly owns 543,398 shares of Sabre Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive stock transactions, indicating a neutral sentiment.
Positives
- The vesting of performance-based restricted share units indicates that performance targets were met.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, and doesn't necessarily reflect a significant event for Sabre Corp or the broader travel technology industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Date of grant for performance-based restricted share units. |
| 03/15/2024 | Date of transaction for acquisition and disposal of shares. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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