Cinemark (NYSE: CNK) director moves shares to family trust and gets award
Rhea-AI Filing Summary
Cinemark Holdings, Inc. disclosed that one of its directors reported several transactions in the company’s common stock. On 07/11/2022, the director transferred, for no consideration, 34,105 shares to a revocable family trust for which the director serves as trustee. On 06/15/2023, the director received an annual award of 7,867 restricted shares under the director compensation policy, with a par value of $0.01 per share.
On 07/05/2024, the director transferred, again for no consideration, 16,273 shares to the same revocable family trust, and on 07/17/2025 transferred a further 7,364 shares to that trust, also for no consideration. Following the latest transaction, the director beneficially owned 4,200 shares directly and 57,742 shares indirectly through the family trust.
Positive
- None.
Negative
- None.
FAQ
What insider transactions did Cinemark (CNK) disclose in this Form 4?
The filing shows a Cinemark director reported multiple transfers of common stock to a revocable family trust for no consideration, plus an annual restricted stock award under the director compensation policy.
How many Cinemark (CNK) shares were transferred to the family trust?
The director transferred 34,105 shares on 07/11/2022, 16,273 shares on 07/05/2024, and 7,364 shares on 07/17/2025 to a revocable family trust for which the director is trustee.
What stock award did the Cinemark (CNK) director receive?
On 06/15/2023, the director received an annual award of 7,867 restricted shares of Cinemark common stock, granted under the director compensation policy with a par value of $0.01 per share.
Were the Cinemark (CNK) share transfers sales for cash?
No. The filing states that the transfers of 34,105 shares, 16,273 shares, and 7,364 shares to the revocable family trust were made for no consideration, indicating they were not sales for cash.
What is the director’s beneficial ownership in Cinemark (CNK) after these transactions?
After the 07/17/2025 transfer, the director beneficially owned 4,200 shares of Cinemark common stock directly and 57,742 shares indirectly through the revocable family trust.
How is the Cinemark (CNK) director related to the family trust?
The filing explains that the director is a trustee of the revocable family trust that received the transferred shares, which is why the trust-held shares are reported as beneficially owned.