Large stock awards and trust transfer for Cinemark (NYSE: CNK) EVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cinemark Holdings EVP-General Counsel Michael Cavalier reported several equity award and related share-disposition transactions in Cinemark common stock. On February 20, 2026, he received 107,876 shares from vesting performance stock units and 20,275 restricted shares, with multiple blocks of shares withheld to cover tax liabilities at prices around $26.36 per share.
On February 21, 2026, additional shares were withheld for taxes at $26.49 per share, and 82,052 shares were transferred for no consideration to the Cavalier Revocable Trust, where he and his spouse are co-trustees and his family are beneficiaries, so he remains a beneficial owner of those trust-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
82,052 shares gifted
Mixed
8 txns
Insider
Cavalier Michael
Role
EVP-General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,445 | $26.49 | $65K |
| Gift | Common Stock | 82,052 | $0.00 | -- |
| Grant/Award | Common Stock | 107,876 | $26.36 | $2.84M |
| Tax Withholding | Common Stock | 42,665 | $26.36 | $1.12M |
| Tax Withholding | Common Stock | 4,717 | $26.36 | $124K |
| Tax Withholding | Common Stock | 3,761 | $26.36 | $99K |
| Grant/Award | Common Stock | 20,275 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 124,325 shares (Direct);
Common Stock — 330,681 shares (Indirect, Cavalier Revocable Trust)
Footnotes (1)
- The reported shares are the vesting of performance stock units issued in February 2023 at maximum. The reported shares were withheld by the issuer as payment by the reporting person for the tax liability upon vesting of 107,876 performance shares granted on February 20, 2023 referred to in footnote 1. The reported shares were withheld by the issuer as payment by the reporting person for the tax liability upon vesting of 11,989 which is a portion of the restricted stock granted on February 20, 2023. The reported shares were withheld by the issuer as payment by the reporting person for the tax liability upon vesting of 9,559 which is a portion of the restricted stock which was granted on February 20, 2024. Restricted shares were issued in consideration for future services and vest ratably over a 3-year period. The reported shares were withheld by the issuer as payment by the reporting person for the tax liability upon vesting of 6,216 which is a portion of restricted stock which was granted on February 21, 2025. On February 21, 2026, the reporting person transferred 82,052 shares to the Cavalier Revocable Trust for no consideration. The reporting person and his spouse are co-trustees of the Cavalier Revocable Trust and the reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person remains a beneficial owner of the securities held by the trust.
FAQ
What insider transactions did Cinemark (CNK) executive Michael Cavalier report on this Form 4?
Michael Cavalier reported equity awards, tax-withholding dispositions, and a trust transfer. He received performance and restricted stock, had several share blocks withheld to cover taxes, and moved 82,052 shares into a revocable trust while retaining beneficial ownership through his trustee role and family beneficiary status.
What role does Michael Cavalier hold at Cinemark (CNK) in relation to these Form 4 transactions?
Cavalier serves as Executive Vice President and General Counsel of Cinemark Holdings. The reported equity grants, tax-withholding dispositions, and trust transfer all relate to his position as a senior executive, including performance stock units and restricted shares issued for ongoing and future service to the company.