AMC Networks (AMCX) EVP exercises 16,750 RSUs, net holdings increase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMC Networks Inc. executive vice president and general counsel Salvatore Romanello exercised restricted stock units that vested as part of his equity compensation. On March 9, 2026 he acquired 16,750 shares of Class A common stock upon RSU vesting under the company’s employee stock plan.
To cover tax withholding obligations from this vesting, 6,246 shares were withheld at a value of $8.05 per share, rather than sold in the open market. After these transactions, Romanello directly holds 37,693 shares of AMC Networks Inc. Class A common stock. The remaining two-thirds of the original RSU grant are scheduled to vest in equal parts on March 9, 2027 and March 9, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,750 shares exercised/converted
Mixed
3 txns
Insider
Romanello Salvatore
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,750 | $0.00 | -- |
| Exercise | AMC Networks Inc. Class A Common Stock | 16,750 | $0.00 | -- |
| Tax Withholding | AMC Networks Inc. Class A Common Stock | 6,246 | $8.05 | $50K |
Holdings After Transaction:
Restricted Stock Units — 33,501 shares (Direct);
AMC Networks Inc. Class A Common Stock — 43,939 shares (Direct)
Footnotes (1)
- Each RSU was granted on March 11, 2025 under the AMC Networks Inc. A&R 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2026. The remaining RSUs will vest as follows: one-third on March 9, 2027 and one-third on March 9, 2028. Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.
FAQ
What insider transaction did AMC Networks (AMCX) disclose for Salvatore Romanello?
AMC Networks disclosed that EVP and general counsel Salvatore Romanello exercised 16,750 restricted stock units that vested on March 9, 2026. These RSUs converted into an equal number of Class A common shares as part of his equity compensation under the company’s employee stock plan.
What are the vesting terms of Romanello’s AMC Networks restricted stock units?
The RSUs were granted on March 11, 2025 and represent rights to receive one share of Class A common stock or cash per unit. One-third vested and settled on March 9, 2026, with the remaining two-thirds scheduled to vest in equal installments on March 9, 2027 and March 9, 2028.
Does Romanello’s AMC Networks Form 4 indicate remaining unvested RSUs?
Yes. Footnotes state that the original RSU grant vests in three equal tranches. After the one-third portion vested on March 9, 2026, the remaining two-thirds are expected to vest on March 9, 2027 and March 9, 2028, subject to the plan’s standard conditions.