Cinemark EVP logs stock awards and trust transfer
Cinemark Holdings EVP-General Counsel Michael Cavalier reported several equity award and related share-disposition transactions in Cinemark common stock.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,445 | $26.49 | $65K |
| Gift | Common Stock | 82,052 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 107,876 | $26.36 | $2.84M |
| Exercise Price or Tax Liability | Common Stock | 42,665 | $26.36 | $1.12M |
| Exercise Price or Tax Liability | Common Stock | 4,717 | $26.36 | $124K |
| Exercise Price or Tax Liability | Common Stock | 3,761 | $26.36 | $99K |
| Grant/Award | Common Stock | 20,275 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- F1. The reported shares are the vesting of performance stock units issued in February 2023 at maximum.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. Restricted shares were issued in consideration for future services and vest ratably over a 3-year period.
- F6. 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.
- F7. 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
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What insider transactions did Cinemark (CNK) executive Michael Cavalier report on this Form 4?
What role does Michael Cavalier hold at Cinemark (CNK) in relation to these Form 4 transactions?
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