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Sky Harbour Group Corp·4

Feb 20, 8:13 PM ET

Schmitt Michael Weber 4

Research Summary

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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.