Six Flags (FUN) COO Withholds 21,850 Shares at $25.59 for Taxes
Tim Fisher, Chief Operating Officer of Six Flags Entertainment Corporation (FUN), reported a tax-withholding disposition related to vested restricted stock.
Rhea-AI Filing Summary
Tim Fisher, Chief Operating Officer of Six Flags Entertainment Corporation (FUN), reported a tax-withholding disposition related to vested restricted stock. On 08/22/2025 he had 21,850 shares withheld and disposed at an average price of $25.59 to satisfy tax obligations tied to a restricted stock award that vested the same day. After the withholding, Mr. Fisher beneficially owns 241,334 shares. The filing is a routine Section 16 report documenting the withholding and transfer of shares to cover taxes on equity vesting.
Positive
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Negative
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Insights
TL;DR: Routine insider tax-withholding sale after restricted stock vesting; non-material to company fundamentals.
The Form 4 shows a common administrative transaction where 21,850 shares were withheld at $25.59 upon vesting to cover tax liabilities, leaving the officer with 241,334 shares. This is not a voluntary open-market sale and does not signal a change in ownership intent or corporate direction. It has no direct impact on Six Flags' operating results or capital structure beyond the transfer of shares used for tax settlement.
TL;DR: Administrative withholding for tax purposes; disclosure aligns with Section 16 requirements.
The filing is properly executed and signed, disclosing the nature of the transaction as tax withholding related to vested restricted stock. Such transactions are routine and reflect executive compensation mechanics rather than active divestment. The report includes the required details: transaction code F, number of shares withheld, price per share, and post-transaction beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 21,850 | $25.59 | $559K |
Footnotes (1)
- F1. Shares withheld in payment of tax liability in connection with the vesting of previously reported award of restricted stock, which vested August 22, 2025.
FAQ
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What transaction did Tim Fisher report on the Form 4 for FUN?
What does transaction code 'F' mean on this Form 4?
When was the Form 4 signed by the reporting person?
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