Cinemark (CNK) CEO records stock awards, tax withholdings and gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cinemark Holdings CEO Sean Gamble reported several equity award-related transactions in Cinemark common stock. The filing shows vesting of 554,794 performance stock units issued in February 2023 at maximum, along with new restricted shares granted in consideration for future services that vest ratably over three years.
To cover tax liabilities on these vestings, shares were withheld by the issuer through multiple tax-withholding dispositions. Additional shares were disposed of back to the company, and 435,589 shares were transferred as a bona fide gift to the Joint Revocable Trust of Sean Robert Gamble and Luminita Spetcu, where Gamble and his family remain the beneficiaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
435,589 shares gifted
Mixed
8 txns
Insider
Gamble Sean
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 11,791 | $26.49 | $312K |
| Gift | Common Stock | 435,589 | $0.00 | -- |
| Grant/Award | Common Stock | 554,794 | $26.36 | $14.62M |
| Disposition | Common Stock | 207,351 | $26.36 | $5.47M |
| Tax Withholding | Common Stock | 23,028 | $26.36 | $607K |
| Tax Withholding | Common Stock | 17,729 | $26.36 | $467K |
| Grant/Award | Common Stock | 108,652 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 654,873 shares (Direct);
Common Stock — 768,223 shares (Indirect, Joint Revocable Trust of Sean Robert Gamble and Luminita Spetcu)
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 554,794 performance shares granted in February 2023 referred to in fottnote 1. The reported shares were withheld by the issuer as payment by the reporting person for the tax liability upon vesting of 61,656 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 47,469 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 31,569 which is a portion of restricted stock which was granted on February 21, 2025. On February 21, 2026, the reporting person transferred 435,589 shares to the Joint Revocable Trust of Sean Robert Gamble and Luminita Spetcu for no consideration. The reporting person and his spouse are co-trustees of the 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) CEO Sean Gamble report?
Sean Gamble reported vesting of 554,794 performance stock units and new restricted stock grants, along with several tax-withholding share dispositions, an issuer-directed disposition, and a 435,589-share gift transfer to a family trust where he remains a beneficiary.
Were Sean Gamble’s Cinemark (CNK) Form 4 transactions open-market stock sales?
The transactions were not open-market sales. They were primarily equity award vestings, tax-withholding share dispositions, a disposition back to the issuer, and a bona fide gift transfer to a family trust, rather than discretionary buying or selling on the open market.
What performance stock units did Cinemark (CNK) grant to Sean Gamble?
Performance stock units issued to Sean Gamble in February 2023 vested at maximum, totaling 554,794 shares. These shares represent compensation tied to performance conditions and were part of a broader equity award program disclosed alongside related tax-withholding dispositions.