Form 4: Sky Harbour Group Corp: Officer Michael Weber Schmitt Reports Changes in Beneficial Ownership
SEC Form 4
Michael Weber Schmitt, Chief Accounting Officer of Sky Harbour Group Corp, reports a transaction involving Class A Common Stock due to tax liability withholding.
Summary
- On March 28, 2025, Michael Weber Schmitt, the Chief Accounting Officer of Sky Harbour Group Corp, reported a change in beneficial ownership of Class A Common Stock.
- The transaction involved the disposal of 373 shares at $10.8 to cover tax liabilities related to the vesting of 1,042 RSUs.
- Following the transaction, Schmitt directly owns 52,929 shares of Class A Common Stock, which includes 31,493 shares and 21,436 RSUs.
- Schmitt also holds options to purchase 29,918 shares of Class A Common Stock at $11.63, exercisable from February 15, 2030, and options to purchase 35,894 shares at $11.07, exercisable from February 18, 2031.
- These stock options were granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan and vest in installments, contingent upon continued service.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider trading reporting. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Similar filings are common among companies like Signature Aviation, Atlantic Aviation, and other firms in the aviation services sector, reflecting standard corporate governance practices.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine adjustment of stock ownership by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2030 | Date from which Non-Qualified Stock Option (Right to Buy) for 29,918 Class A Common Stock shares at $11.63 becomes exercisable. |
| 02/15/2034 | Expiration date for Non-Qualified Stock Option (Right to Buy) for 29,918 Class A Common Stock shares at $11.63. |
| 02/18/2031 | Date from which Non-Qualified Stock Option (Right to Buy) for 35,894 Class A Common Stock shares at $11.07 becomes exercisable. |
| 02/18/2035 | Expiration date for Non-Qualified Stock Option (Right to Buy) for 35,894 Class A Common Stock shares at $11.07. |
| 03/28/2025 | Date of transaction where 373 shares of Class A Common Stock were disposed of to cover tax liabilities. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Sky Harbour Group Corp, SKYH, Michael Weber Schmitt, Chief Accounting Officer, Class A Common Stock, Stock Options, RSUs, Tax Liability
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