Form 4: Six Flags COO Tim Fisher Disposes of Shares for Tax Obligations Following RSU Vesting

Six Flags Entertainment Corporation's Chief Operating Officer, Tim Fisher, disposed of 11,143 shares of common stock on June 4, 2025, to cover tax liabilities related to the vesting of restricted stock units.

Summary

• Tim Fisher, the Chief Operating Officer of Six Flags Entertainment Corporation (FUN), reported a transaction on June 4, 2025.
• The transaction involved the disposition of 11,143 shares of common stock, par value $0.01 per share.
• The shares were disposed of at a price of $33.11 per share.
• This disposition was coded as 'F', indicating shares withheld in payment of tax liability.
• The shares were withheld in connection with the vesting of previously reported restricted stock units (RSUs), which vested on June 4, 2025.
• Following this transaction, Tim Fisher beneficially owns 263,184 shares of Six Flags common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax purposes related to RSU vesting, which is a neutral event for the company's operational or financial performance.

Positives

• The transaction represents the vesting of previously granted restricted stock units (RSUs), which is a common form of executive compensation and indicates the fulfillment of long-term incentive plans.
• The disposition of shares is a non-discretionary event for tax withholding, which is a routine and expected part of equity compensation for executives.

Negatives

• The transaction resulted in a reduction of the Chief Operating Officer's direct shareholding by 11,143 shares, although this was for tax purposes and not a discretionary sale.

Risks

• No new specific risks are identified in this Form 4 filing, as the transaction relates to a routine tax withholding event associated with executive compensation.

Future Outlook

N/A. Form 4 filings report past insider transactions and do not typically provide future outlook or guidance.

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation. Such tax-related dispositions upon RSU vesting are standard practice across all industries for publicly traded companies and do not reflect specific industry trends for the amusement park sector.

Comparison to Industry Standards

• The reported transaction, a disposition of shares to cover tax liabilities upon RSU vesting, is a standard and common practice for executive compensation across publicly traded companies globally.
• This aligns with typical compensation structures seen in companies like Cedar Fair (FUN's competitor) or Disney (DIS) for their executives receiving equity awards, where equity grants often include tax withholding provisions upon vesting.

Related Party Transactions

• N/A. The transaction is a routine compensation-related disposition by an officer, not a special related-party dealing.

Stakeholder Impact

• Minimal direct impact on shareholders as it's a routine tax-related transaction and not a discretionary sale by an insider.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

Six Flags Entertainment Corporation, FUN, Tim Fisher, Form 4, insider transaction, restricted stock units, RSU vesting, tax withholding, executive compensation, stock disposition