Sabre Corp (SABR) CEO gets 1.8M RSUs, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sabre Corp CEO and President Kurt Joseph Ekert reported equity compensation and related tax events. He received a grant of 1,818,182 restricted share units and 237,069 performance-based restricted share units that vested into common stock. In separate entries, 426,006 shares were automatically surrendered to Sabre at $1.595 per share to satisfy tax withholding obligations, rather than sold on the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Ekert Kurt Joseph
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 124,133 | $1.595 | $198K |
| Tax Withholding | Common Stock | 104,934 | $1.595 | $167K |
| Tax Withholding | Common Stock | 103,652 | $1.595 | $165K |
| Grant/Award | Common Stock | 237,069 | $0.00 | -- |
| Tax Withholding | Common Stock | 93,287 | $1.595 | $149K |
| Grant/Award | Common Stock | 1,818,182 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,480,594 shares (Direct, null)
Footnotes (1)
- This transaction represents the automatic surrender of shares to the issuer upon vesting of restricted shares units granted on May 15, 2024 to satisfy the reporting person's tax withholding obligations. This transaction represents the automatic surrender of shares to the issuer upon vesting of restricted shares units granted on May 15, 2025 to satisfy the reporting person's tax withholding obligations. This transaction represents the automatic surrender of shares to the issuer upon vesting of restricted shares units granted on May 15, 2023 to satisfy the reporting person's tax withholding obligations. Represents performance-based restricted share units that have vested and are paid out in shares of common stock from a grant dated May 15, 2023. This transaction represents the automatic surrender of shares to the issuer upon vesting of performance-based restricted shares units granted on May 15, 2023 to satisfy the reporting person's tax withholding obligations. The reporting person received a grant of restricted share units on the transaction date. The restricted share units award vests as follows: 33 1/3% on the first anniversary of the date of grant (5/15/27), 33 1/3% on the second anniversary of the date of grant (5/15/28), and 33 1/3% on the third anniversary of the date of grant (5/15/29), subject to the reporting person's continued employment with the Issuer through each vesting date.
Key Figures
RSU grant: 1,818,182 restricted share units
Performance RSUs vested: 237,069 shares
Tax withholding shares: 426,006 shares
+1 more
4 metrics
RSU grant
1,818,182 restricted share units
New equity award to CEO Kurt Ekert on May 15, 2026
Performance RSUs vested
237,069 shares
Payout from performance-based RSUs granted May 15, 2023
Tax withholding shares
426,006 shares
Total automatic surrenders to issuer for tax obligations
Withholding reference price
$1.595 per share
Price used on F-code tax-withholding dispositions
Key Terms
restricted share units, performance-based restricted share units, automatic surrender of shares, tax withholding obligations, +1 more
5 terms
tax withholding obligations financial
"to satisfy the reporting person's tax withholding obligations."
vesting financial
"restricted share units award vests as follows: 33 1/3% on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Sabre Corp (SABR) report for CEO Kurt Ekert?
Sabre Corp reported that CEO Kurt Ekert received new restricted share unit awards and had shares automatically surrendered for taxes. The Form 4 shows both RSU grants and tax-withholding dispositions, all involving common stock rather than open-market purchases or sales.
How large was the new equity grant to Sabre CEO Kurt Ekert in this Form 4?
Kurt Ekert received a grant of 1,818,182 restricted share units on common stock. These units represent equity-based compensation that will vest over time, aligning his interests with shareholders as they convert into shares if he remains employed through future vesting dates.
What performance-based equity awards vested for Sabre Corp CEO Kurt Ekert?
Performance-based restricted share units from a May 15, 2023 grant vested and were paid out in 237,069 shares of common stock. These awards vest based on performance conditions and then deliver actual shares, adding to the CEO’s equity stake when conditions and vesting requirements are met.
Were there any open-market stock sales by Sabre CEO Kurt Ekert in this filing?
The Form 4 shows no open-market sales. All reported dispositions use code F, described as automatic surrender of shares to Sabre to pay tax liabilities on vesting restricted share units, meaning the shares went back to the issuer rather than being sold in the market.