Yoshikazu Maruyama - Aug 23, 2024 Form 4 Insider Report for United Parks & Resorts Inc. (PRKS)

Role
Director
Signature
Daniel J. Bollinger by Power of Attorney
Stock symbol
PRKS
Transactions as of
Aug 23, 2024
Transactions value $
-$50,810
Form type
4
Date filed
8/27/2024, 06:42 PM
Previous filing
Jun 17, 2024
Next filing
Sep 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRKS Common Stock Award $0 +410 +0.74% $0.00 55.8K Aug 23, 2024 Direct F1
transaction PRKS Common Stock Disposed to Issuer -$50.8K -1.02K -1.82% $50.01 54.8K Aug 26, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Granted under the Issuer's 2017 Omnibus Incentive Plan and vests 100% on the day before the 2025 Annual Stockholder's Meeting of the Issuer.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on May 10, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $50.00 to $50.05, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.