Six Flags Board Member Boosts Stake to 41K Shares After Deferred Compensation
Rhea-AI Filing Summary
Director D. Scott Olivet of Six Flags Entertainment Corporation (FUN) reported a significant securities transaction on June 25, 2025. The transaction involved the settlement of 7,162 deferred stock units (DSUs) that were originally granted on March 26, 2025.
Key transaction details:
- Acquired 7,162 shares of common stock (par value $0.01) through DSU conversion
- Total beneficial ownership following transaction: 41,144 shares (Direct ownership)
- DSUs were settled upon completion of service to the company
- Transaction price: $0 (DSU conversion)
The DSUs were part of the company's omnibus plan, with each unit equivalent to one share of common stock. This Form 4 filing indicates a planned transition in Olivet's position with Six Flags, as the DSUs settled upon the completion of his service to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,162 shares
Net Buy
2 txns
Insider
Olivet D Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 7,162 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 7,162 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 0 shares (Direct);
Common Stock, par value $0.01 per share — 41,144 shares (Direct)
Footnotes (3)
- F1. Represents the settlement of deferred stock units granted to the reporting person on March 26, 2025, which settled upon the completion of his service to the Company.
- F2. 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.
- F3. These deferred stock units are payable in shares of common stock, cash, or a combination of cash and shares of common stock when the individual's service to the Company ends.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How many FUN deferred stock units (DSUs) did Scott Olivet hold after the June 25, 2025 transaction?
Following the transaction on June 25, 2025, Scott Olivet held 0 deferred stock units (DSUs), as all 7,162 DSUs were converted to common stock upon settlement.
What is Scott Olivet's role at FUN and where is he based?
Scott Olivet serves as a Director of Six Flags Entertainment Corporation (FUN). According to the filing, he is based at 8701 Red Oak Blvd., Charlotte, NC 28217.