Cinemark (CNK) CFO reports stock awards and tax-share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cinemark Holdings, Inc. executive officer Thomas Melissa, EVP and Chief Financial Officer, reported a mix of equity awards and related tax-share withholdings in common stock. On February 20, 2026, Melissa acquired 107,876 shares through the vesting of performance stock units issued in February 2023 at maximum, and 23,952 restricted shares issued for future services that vest ratably over three years. On February 20 and 21, 2026, a total of 53,752 shares were withheld by the issuer to cover tax liabilities upon vesting of various performance and restricted stock awards, described as tax-withholding dispositions rather than open-market sales. After these transactions, Melissa directly owned 237,492 shares of Cinemark common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Thomas Melissa
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,608 | $26.49 | $69K |
| Grant/Award | Common Stock | 107,876 | $26.36 | $2.84M |
| Tax Withholding | Common Stock | 42,666 | $26.36 | $1.12M |
| Tax Withholding | Common Stock | 3,761 | $26.36 | $99K |
| Tax Withholding | Common Stock | 4,717 | $26.36 | $124K |
| Grant/Award | Common Stock | 23,952 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 237,492 shares (Direct)
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 9,559 which is a portion of the restricted stock granted on February 20, 2024. 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. 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 tax liability upon vesting of 6,629 shares of restricted stock which is a portion of the restricted stock granted in February 21, 2025.
FAQ
What insider transactions did Cinemark (CNK) report for Thomas Melissa?
Cinemark reported that EVP and CFO Thomas Melissa received common stock from vesting performance and restricted awards, and had shares withheld for taxes. The Form 4 lists both stock acquisitions as compensation and tax-withholding dispositions, all involving Cinemark common stock rather than open-market purchases or sales.
What types of equity awards did Cinemark (CNK) grant to Thomas Melissa?
Cinemark granted performance stock units that vested at maximum and restricted stock issued for future services. The restricted shares vest ratably over three years, while the performance stock units granted in February 2023 vested and delivered 107,876 common shares, as disclosed in the footnotes.
Were the Cinemark (CNK) insider disposals by Thomas Melissa open-market sales?
No, the disposals were classified as tax-withholding dispositions under transaction code F. Footnotes specify that the reported shares were withheld by Cinemark to pay Melissa’s tax liabilities when performance and restricted stock awards vested, rather than being sold through market transactions.