Sabre (SABR) CIO receives RSU awards and covers tax via share surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sabre Corp EVP & Chief Information Officer Joe DiFonzo reported equity compensation activity involving the company’s common stock. He acquired 323,232 shares upon vesting of performance-based restricted share units from a May 15, 2023 grant and received a new award of 43,104 restricted share units on the transaction date.
To cover related tax withholding obligations, a total of 83,326 shares were automatically surrendered to the issuer at a price of $1.595 per share, rather than sold on the open market. These are routine compensation and tax-settlement transactions rather than discretionary share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
DIFONZO JOE
Role
EVP & Chief Info. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 19,204 | $1.595 | $31K |
| Tax Withholding | Common Stock | 28,314 | $1.595 | $45K |
| Tax Withholding | Common Stock | 18,846 | $1.595 | $30K |
| Grant/Award | Common Stock | 43,104 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,962 | $1.595 | $27K |
| Grant/Award | Common Stock | 323,232 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 770,274 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: 50% on the first anniversary of the date of grant (5/15/27) and 50% on the second anniversary of the date of grant (5/15/28), subject to the reporting person's continued employment with the Issuer through each vesting date.
Key Figures
Performance RSUs vested: 323,232 shares
New RSU grant: 43,104 units
Shares surrendered for taxes: 83,326 shares
+3 more
6 metrics
Performance RSUs vested
323,232 shares
Paid out in Sabre common stock from May 15, 2023 grant
New RSU grant
43,104 units
Restricted share units granted on transaction date
Shares surrendered for taxes
83,326 shares
Automatic surrender to issuer to satisfy tax withholding
Tax settlement price
$1.595 per share
Value used for automatic share surrender transactions
First vesting date for new RSUs
May 15, 2027
50% of new restricted share units vest
Second vesting date for new RSUs
May 15, 2028
Remaining 50% of new restricted share units vest
Key Terms
restricted share units, performance-based restricted share units, tax withholding obligations, automatic surrender of shares
4 terms
tax withholding obligations financial
"to satisfy the reporting person's tax withholding obligations."
FAQ
What insider transactions did Sabre (SABR) EVP Joe DiFonzo report?
Joe DiFonzo reported equity compensation activity in Sabre common stock. He acquired vested shares from performance-based restricted share units and received a new restricted share unit grant, while some shares were automatically surrendered to Sabre to satisfy tax withholding obligations.
Were any of Joe DiFonzo’s Sabre (SABR) transactions open-market sales?
The reported dispositions were not open-market sales. They were automatic surrenders of shares to Sabre to cover tax withholding obligations upon vesting of restricted share units, with 83,326 shares delivered back to the issuer at $1.595 per share.