Selim A. Bassoul - Dec 20, 2023 Form 4 Insider Report for Six Flags Entertainment Corp (SIX)

Role: President & CEO, Director
Signature: /s/ Selim Bassoul
Stock symbol: SIX
Transactions as of: Dec 20, 2023
Transactions value $: $3,044,129
Form type: 4
Date filed: 12/22/2023, 05:16 PM
Previous filing: Jul 6, 2023
Next filing: Jul 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SIX	Common Stock, par value $0.025 per share	Award	$8.71M	+362K	+66.98%	$24.05	903K	Dec 20, 2023	Direct	F1
transaction	SIX	Common Stock, par value $0.025 per share	Tax liability	-$5.67M	-236K	-26.1%	$24.05	668K	Dec 20, 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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. Bassoul'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) 62,370 restricted shares received in respect of fifty percent ($1,500,000) of a cash transaction bonus to Mr. Bassoul contemplated by the Merger Agreement and memorialized in that certain Letter Agreement, effective as of December 20, 2023, by and between Six Flags and Mr. Bassoul, and (ii) 300,000 restricted shares granted in settlement of PSUs previously granted to Mr. Bassoul.
F2	Shares withheld in payment of tax liability in connection with the grant of (i) 362,370 shares of restricted stock reported herein and (ii) 246,426 shares of restricted stock granted in settlement of previously reported restricted stock units, as contemplated by the Merger Agreement, which shares of restricted stock will vest at the consummation of the Merger, subject to Mr. Bassoul's continued employment with Six Flags through the consummation of the Merger.

Content

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. Bassoul'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) 62,370 restricted shares received in respect of fifty percent ($1,500,000) of a cash transaction bonus to Mr. Bassoul contemplated by the Merger Agreement and memorialized in that certain Letter Agreement, effective as of December 20, 2023, by and between Six Flags and Mr. Bassoul, and (ii) 300,000 restricted shares granted in settlement of PSUs previously granted to Mr. Bassoul.

Shares withheld in payment of tax liability in connection with the grant of (i) 362,370 shares of restricted stock reported herein and (ii) 246,426 shares of restricted stock granted in settlement of previously reported restricted stock units, as contemplated by the Merger Agreement, which shares of restricted stock will vest at the consummation of the Merger, subject to Mr. Bassoul's continued employment with Six Flags through the consummation of the Merger.