Form 4: Six Flags COO Tim Fisher Sells Shares to Cover Tax Obligations

Six Flags Chief Operating Officer Tim Fisher sold 11,206 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Tim Fisher, the Chief Operating Officer of Six Flags Entertainment Corporation, sold 11,206 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 arising from the vesting of restricted stock units.
• Following the transaction, Fisher directly owns 285,917 shares of Six Flags common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance or future prospects.

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 number of shares sold and the price are specific to Tim Fisher's compensation package and the current market price of Six Flags stock.
• Similar transactions are regularly reported by executives at other entertainment and leisure companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Six Flags, Tim Fisher, stock sale, insider trading, restricted stock units, tax liability, common stock, executive compensation