Six Flags Board Member Increases Stake Through Deferred Stock Program
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Six Flags Entertainment Corporation (FUN) director Michael A. Colglazier reported the acquisition of 3,415 Deferred Stock Units (DSUs) on June 25, 2025. The DSUs were granted as prorated compensation for Board service in 2025.
Key transaction details:
- The DSUs were acquired in an exempt transaction under the company's omnibus plan
- Each DSU is economically equivalent to one share of common stock
- The DSUs will be payable in common stock, cash, or a combination when the director's service ends
- The transaction price was $0, as this represents deferred compensation
This Form 4 filing indicates standard board compensation practices through equity-based deferred compensation, aligning the director's interests with shareholders. The transaction was executed under Rule 16b-3 exemption for director compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Colglazier Michael A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 3,415 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 3,415 shares (Direct)
Footnotes (1)
- Represents deferred stock units acquired by the reporting person (in an exempt transaction) as deferred compensation pursuant to the Company's omnibus plan. Each deferred stock unit is the economic equivalent of one share of common stock. Deferred stock units granted in connection with prorated service to the Board in 2025. These deferred stock units are payable in shares of common stock, cash, or a combination of cash and shares of common stock when the reporting person's service to the Company ends.
FAQ
How many deferred stock units did FUN director Michael Colglazier receive on June 25, 2025?
Michael Colglazier received 3,415 deferred stock units on June 25, 2025, as part of his prorated service compensation to FUN's Board of Directors.
What is the conversion rate of FUN's deferred stock units granted to Michael Colglazier?
Each deferred stock unit is the economic equivalent of one share of FUN common stock, with a par value of $0.01 per share.
When will Michael Colglazier's deferred stock units at FUN be payable?
The deferred stock units will be payable when Colglazier's service to the company ends. They can be paid in shares of common stock, cash, or a combination of cash and shares of common stock.
What was the purchase price of FUN's deferred stock units granted to Michael Colglazier?
The deferred stock units were granted at $0 cost to Michael Colglazier, as they were acquired in an exempt transaction as deferred compensation pursuant to the Company's omnibus plan.
What is Michael Colglazier's role at FUN according to the Form 4?
According to the Form 4 filing, Michael Colglazier serves as a Director of Six Flags Entertainment Corporation (FUN), but is not a 10% owner or officer of the company.