James W. Forrester Jr. - 28 Feb 2023 Form 4 Insider Report for SeaWorld Entertainment, Inc. (PRKS)

Role
Title: Interim Chief Financial Officer and Treasurer
Signature
/s/ Jeffrey Schwartz, Power of Attorney
Issuer symbol
PRKS
Transactions as of
28 Feb 2023
Net transactions value
-$193,971
Form type
4
Filing time
06 Mar 2023, 15:00:20 UTC
Previous filing
08 Feb 2023
Next filing
16 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAS Common Stock Award $0 +840 +19% $0.000000 5,180 28 Feb 2023 Direct F1
transaction SEAS Common Stock Award $0 +102 +2% $0.000000 5,282 28 Feb 2023 Direct F2
transaction SEAS Common Stock Tax liability $18,217 -282 -5.3% $64.60 5,000 28 Feb 2023 Direct F3
transaction SEAS Common Stock Award $0 +3,079 +62% $0.000000 8,079 02 Mar 2023 Direct F4
transaction SEAS Common Stock Award $0 +266 +3.3% $0.000000 8,345 02 Mar 2023 Direct F5
transaction SEAS Common Stock Sale $175,754 -2,615 -31% $67.21 5,730 03 Mar 2023 Direct F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEAS Employee Stock option (right to buy) Award $0 +3,079 $0.000000 3,079 02 Mar 2023 Common Stock 3,079 $64.94 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common stock of the Issuer acquired upon settlement of a performance-based restricted stock unit award previously granted to the Reporting Person related to the 2019 Long Term Incentive Plan.
F2 Represents common stock of the Issuer acquired upon settlement of a performance-based restricted stock unit award previously granted to the Reporting Person related to the 2022 Bonus Incentive Plan.
F3 Shares withheld by the Company for the payment of tax liability incident to the vesting of shares of restricted stock.
F4 Represents restricted stock units issued pursuant to the Issuer's 2017 Omnibus Incentive Plan, which vests over four years, with 25% vesting on each of the first four anniversaries of the date of grant.
F5 Represents restricted stock units issued pursuant to the Issuer's 2017 Omnibus Incentive Plan, which vests over two years, with 50% vesting on each of the first two anniversaries of the date of grant.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $67.18 to $67.29, inclusive. The reporting person undertakes to provide 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.
F7 The option becomes exercisable over four years, with 25% becoming exercisable on each of the first four anniversaries of the date of grant.

Remarks:

Title: Interim Chief Financial Officer and Treasurer