AMC Networks (AMCX) CEO receives 503,778 RSUs vesting 2027-2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dolan Kristin A reported acquisition or exercise transactions in this Form 4 filing.
AMC Networks Inc. reported that Chief Executive Officer Kristin A. Dolan received a grant of 503,778 restricted stock units (RSUs), each tied to one share of Class A Common Stock or its cash equivalent, under the AMC Networks Inc. 2016 Employee Stock Plan.
The RSUs vest in three equal installments: one-third on March 9, 2027, one-third on March 9, 2028, and one-third on March 9, 2029. Director James L. Dolan is a co-reporting person but disclaims beneficial ownership of these securities, which are held directly by Kristin A. Dolan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dolan Kristin A, DOLAN JAMES LAWRENCE
Role
Chief Executive Officer | Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 503,778 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 503,778 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") was granted under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The RSUs will vest as follows: one-third of the RSUs will vest on March 9, 2027, one-third will vest on March 9, 2028, and one-third will vest on March 9, 2029. Securities held directly by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities, and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
FAQ
What insider transaction did AMC Networks (AMCX) report for Kristin A. Dolan?
AMC Networks reported that CEO Kristin A. Dolan received 503,778 restricted stock units as a compensation grant. Each RSU represents the right to one share of Class A Common Stock or the cash equivalent, issued under the company’s 2016 Employee Stock Plan.
How do the 503,778 RSUs granted at AMC Networks (AMCX) vest?
The 503,778 restricted stock units vest in three equal installments over three years. One-third vests on March 9, 2027, another third on March 9, 2028, and the final third on March 9, 2029, subject to the plan’s terms.
What do the AMC Networks (AMCX) RSUs granted to Kristin A. Dolan represent?
Each restricted stock unit granted to Kristin A. Dolan represents a right to receive one share of AMC Networks Class A Common Stock or the cash equivalent. These RSUs were issued under the AMC Networks Inc. 2016 Employee Stock Plan as part of executive compensation.
What role does James L. Dolan have in this AMC Networks (AMCX) Form 4 filing?
James L. Dolan is listed as a reporting person and director, but the securities are held directly by Kristin A. Dolan, his spouse. He explicitly disclaims beneficial ownership of these RSUs, meaning they are not treated as his economic interest for Section 16 purposes.
Did the AMC Networks (AMCX) insider transaction involve open-market buying or selling?
No, the transaction reflects a grant or award acquisition of restricted stock units, not an open-market trade. The Form 4 classifies the code as an “A” transaction, indicating a grant under a compensation plan rather than a market purchase or sale.