Form 4: Sky Harbour Group Corp: Chief Accounting Officer Reports Changes in Beneficial Ownership
SEC Form 4
Michael Weber Schmitt, Chief Accounting Officer of Sky Harbour Group Corp, reports transactions involving Class A Common Stock and stock options.
Summary
- Michael Weber Schmitt, the Chief Accounting Officer of Sky Harbour Group Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 17, 2023, 17,070 shares of Class A Common Stock were disposed of at a price of $7.94 per share to cover tax liabilities related to vesting RSUs.
- As of February 18, 2025, Schmitt directly owns 53,302 shares of Class A Common Stock, 20,325 restricted stock units (RSUs), 29,918 non-qualified stock options exercisable at $11.63, and 35,894 non-qualified stock options exercisable at $11.07.
- The RSUs vest in installments, with each RSU representing the right to receive one share of Class A Common Stock.
- The stock options also vest in installments, contingent upon continued service.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Disposition of 17,070 shares of Class A Common Stock for tax liabilities. |
| 02/15/2024 | Date from which 29,918 Non-Qualified Stock Options (Right to Buy) become exercisable. |
| 02/15/2030 | Expiration date of 29,918 Non-Qualified Stock Options (Right to Buy). |
| 02/15/2034 | Expiration date of 29,918 Non-Qualified Stock Options (Right to Buy). |
| 02/18/2025 | Date from which 35,894 Non-Qualified Stock Options (Right to Buy) become exercisable. |
| 02/18/2025 | Reporting date for beneficial ownership. |
| 02/18/2031 | Expiration date of 35,894 Non-Qualified Stock Options (Right to Buy). |
| 02/18/2035 | Expiration date of 35,894 Non-Qualified Stock Options (Right to Buy). |
| 02/25/2025 | Date of signature for the report. |
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