Sabre Corp (SABR) director granted 142,349-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McKay Damian Kevin reported acquisition or exercise transactions in this Form 4 filing.
Sabre Corp director Damian Kevin McKay received an equity award of 142,349 shares of common stock, reported as a grant at $1.405 per share. According to the footnote, this restricted stock unit award vests 100% one year after the grant date, if he continues serving on the board through the vesting date. Following this award, he holds 142,349 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKay Damian Kevin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 142,349 | $1.405 | $200K |
Holdings After Transaction:
Common Stock — 142,349 shares (Direct)
Footnotes (1)
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FAQ
What did Sabre Corp (SABR) director Damian Kevin McKay report in this Form 4?
He reported receiving a grant of 142,349 shares of Sabre Corp common stock. The award is in the form of restricted stock units that convert into shares, reflecting equity-based compensation rather than an open-market purchase or sale.
At what price was the Sabre Corp (SABR) equity award to Damian Kevin McKay valued?
The reported value of the equity award was $1.405 per share for 142,349 shares. This price is used for reporting purposes in the Form 4 and reflects the grant value, not an open-market transaction price set by buying or selling on an exchange.
What are the vesting terms of Damian Kevin McKay’s Sabre Corp (SABR) restricted stock units?
The restricted stock units vest as to 100% of the underlying common shares one year after the grant date. Vesting is conditioned on McKay’s continued service on Sabre Corp’s board of directors through the vesting date, aligning director incentives with shareholder interests.