Form 4: Six Flags CFO Sells Shares to Cover Tax Obligations

Six Flags CFO, Brian C. Witherow, sold 11,245 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Brian C. Witherow, the Chief Financial Officer of Six Flags Entertainment Corporation, sold 11,245 shares of common stock on December 4, 2024.
• The sale was executed at a price of $47.21 per share.
• This transaction was to cover tax obligations associated with the vesting of previously reported restricted stock units.
• Following the transaction, Witherow directly owns 337,821 shares of Six Flags common stock.
• Additionally, Witherow indirectly owns 2,399 shares through his spouse.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 11,245 shares is not unusual for a CFO of a company the size of Six Flags.
• Similar transactions are regularly reported by executives at comparable companies in the entertainment and leisure industry.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Six Flags, CFO, Brian C. Witherow, stock sale, insider trading, tax obligations, restricted stock units, Form 4