Form 4: Six Flags CEO Richard Zimmerman Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Richard Zimmerman, President & CEO of Six Flags Entertainment Corporation, disposed of 97,310 shares of common stock to cover tax liabilities related to vesting restricted stock awards.
Summary
- On February 24, 2025, Richard Zimmerman, the President & CEO of Six Flags Entertainment Corporation, disposed of 97,310 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of previously reported restricted stock and restricted stock units.
- The price per share for the transaction was $45.09.
- Following the transaction, Zimmerman directly owns 747,568 shares of Six Flags common stock.
Sentiment
Score: 5
Explanation: The Form 4 filing itself is a neutral event. It simply reports a transaction. The disposal of shares to cover tax obligations is a common practice.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of stock disposal and vesting of restricted stock units. |
| 02/26/2025 | Date of signature for the Form 4 filing. |
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