Derek Sample - 20 Dec 2023 Form 4 Insider Report for Six Flags Entertainment Corp

Reporting relationship: Chief Accounting Officer
Issuer ticker: N/A
Reported as of: 20 Dec 2023
Net transaction value: +$183,285
SEC form: 4
Accepted by SEC: 22 Dec 2023, 17:12:30 UTC
Prior SEC filing: 21 Sep 2023
Next SEC filing: 22 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Derek Sample

Key filing fact

Derek Sample filed Form 4 for Six Flags Entertainment Corp on 22 Dec 2023.

Key facts

This page summarizes Derek Sample's Form 4 filing for Six Flags Entertainment Corp.
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 22 Dec 2023, 17:12.

Change

Previous filing in this sequence was filed on 21 Sep 2023.
Current net transaction value: +$183,285.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SIX transaction

Common Stock, par value $0.025 per share

Award

Transaction value: $359,620
Shares: +14,953
Change %: +210%
Price: $24.05
Shares after: 22,087
Date: 20 Dec 2023
Ownership: Direct
Footnotes: F1

SIX transaction

Common Stock, par value $0.025 per share

Tax liability

Transaction value: $176,335
Shares: -7,332
Change %: -33%
Price: $24.05
Shares after: 14,755
Date: 20 Dec 2023
Ownership: Direct
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The reported securities represent a grant of restricted stock under the Six Flags Entertainment Corporation ("Six Flags") Long-Term Incentive Plan (the "Plan"), which will vest, subject to Mr. Sample's continued employment with Six Flags through the consummation of the previously announced merger of equals transaction (the "Merger") by and between Six Flags and Cedar Fair, L.P. pursuant to the Merger Agreement, dated November 2, 2023, by and among the parties thereto (the "Merger Agreement"). The reported amount includes: (i) 10,395 restricted shares received in respect of a retention bonus and (ii) 4,558 restricted shares granted in settlement of PSUs previously granted to Mr. Sample.

Footnote F2

Shares withheld in payment of tax liability in connection with the grant of (i) 14,953 shares of restricted stock reported herein and (ii) 4,675 share of restricted stock granted in settlement of previously reported restricted stock units , which shares of restricted stock will vest at the consummation of the Merger, subject to Mr. Sample's continued employment with Six Flags through the consummation of the Merger.