Schmitt Michael Weber 4
4 · Sky Harbour Group Corp · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Sky Harbour (SKYH) CAO Michael Schmitt Receives RSU Awards
What Happened
Michael Schmitt, Chief Accounting Officer of Sky Harbour Group Corp (SKYH), received two awards on Feb 18, 2026: 33,898 shares (acquired at $0.00) and 62,780 derivative awards (acquired at $0.00). Separately, on May 17, 2025, 3,011 shares were withheld to cover the reporting person’s tax liability; those shares were valued at $10.12 each for a total tax-withholding value of $30,471. The Feb 18 entries are grant/award transactions (not open-market purchases or sales).
Key Details
- Transaction dates and amounts:
- 2026-02-18: Grant/Award (Code A) — 33,898 shares @ $0.00 (acquired)
- 2026-02-18: Grant/Award (Code A) — 62,780 derivative awards @ $0.00 (acquired)
- 2025-05-17: Tax withholding/payment (Code F) — 3,011 shares disposed @ $10.12 = $30,471
- Shares owned after transaction: Not specified in the filing excerpt provided.
- Relevant footnotes from the filing:
- F1: RSUs granted under the 2022 Incentive Award Plan; each RSU converts to one share when vested.
- F2: Stock options granted under the 2022 Incentive Award Plan; options vest over time.
- F3: Indicates an aggregate component of holdings as 25,033 shares of Class A Common Stock and 58,408 RSUs (per filing footnote).
- F4: The 3,011-share disposition reflects shares withheld to satisfy U.S. federal/state income taxes on vesting of 8,341 RSUs (monthly vesting from May 17, 2025 to Dec 31, 2025); withholding value is based on weighted-average closing price on vesting dates.
- Timeliness: The report covers transactions dated Feb 18, 2026 and was filed Feb 20, 2026 — the filing appears to be timely (Form 4 is generally due within two business days of the transaction).
Context
These were grant/award transactions (RSUs and/or stock option awards), not open-market purchases or discretionary sales. The F-code disposition was routine tax withholding tied to vested RSUs (shares were withheld rather than sold on the open market). Grants and awards reflect compensation/retention actions and do not by themselves indicate the insider bought shares as a personal investment.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-02-18+33,898→ 86,452 total - Tax Payment
Class A Common Stock
[F4][F3]2025-05-17$10.12/sh−3,011$30,471→ 83,441 total - Award
Non-Qualified Stock Option (Right to Buy)
2026-02-18+62,780→ 62,780 totalExercise: $8.85From: 2032-02-18Exp: 2036-02-18→ Class A Common Stock (62,780 underlying)
- 29,918
Non-Qualified Stock Option (Right to Buy)
[F2]Exercise: $11.63From: 2030-02-15Exp: 2034-02-15→ Class A Common Stock (29,918 underlying) - 35,894
Non-Qualified Stock Option (Right to Buy)
[F2]Exercise: $11.07From: 2031-02-18Exp: 2035-02-18→ Class A Common Stock (35,894 underlying)
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs") granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan. Each RSU represents the contingent right to receive, in accordance with the terms of the applicable RSU agreement, one share of Class A Common Stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU agreement, provided the reporting person remains in service through the applicable vesting date.
- [F2]Represents stock options granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan. The stock options vest in installments in accordance with the terms of the applicable stock option agreement, provided the reporting person remains in service through the applicable vesting date.
- [F3]Represents 25,033 shares of Class A Common Stock and 58,408 RSUs.
- [F4]Represents the payment of the reporting person's tax liability by withholding shares in connection with the vesting of an aggregate of 8,341 RSUs, which occurred monthly from May 17, 2025 to December 31, 2025. The value of the vested shares and the shares withheld to satisfy U.S. Federal and state income taxes is calculated based on the weighted-average closing price on the vesting date or next preceding trading date in the case that the vesting date is a non-trading date.