AMC Networks (AMCX) awards 21,411 RSUs to EVP & Chief Accounting Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sherin Michael J. III reported acquisition or exercise transactions in this Form 4 filing.
AMC Networks Inc. EVP & Chief Accounting Officer Michael J. Sherin III received an equity grant of 21,411 Restricted Stock Units (RSUs) on March 11, 2026 under the AMC Networks Inc. A&R 2016 Employee Stock Plan. This is a compensation-related award, not an open-market share purchase.
Each RSU represents the right to receive one share of AMC Networks Class A Common Stock or the cash equivalent. The award vests in three equal installments: one-third on March 9, 2027, one-third on March 9, 2028, and one-third on March 9, 2029, aligning his compensation with long-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sherin Michael J. III
Role
EVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 21,411 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 21,411 shares (Direct)
Footnotes (1)
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FAQ
What did AMC Networks (AMCX) disclose about Michael J. Sherin III in this Form 4?
AMC Networks reported that EVP & Chief Accounting Officer Michael J. Sherin III received a grant of 21,411 Restricted Stock Units as equity compensation. The award is structured to vest over three years, linking his pay more closely to the company’s future performance and share value.
How many Restricted Stock Units were granted to the AMCX executive in this filing?
The executive received 21,411 Restricted Stock Units. Each RSU represents the right to receive one share of AMC Networks Class A Common Stock or an equivalent cash payment, making this a significant long-term incentive rather than a cash salary component or an open-market stock purchase.
What is the vesting schedule for Michael J. Sherin III’s RSUs at AMC Networks?
The 21,411 RSUs vest in three equal parts. One-third vests on March 9, 2027, another third on March 9, 2028, and the final third on March 9, 2029, creating a multi-year incentive for the executive to remain with AMC Networks and focus on long-term results.
Is the Form 4 transaction for AMCX an open-market stock purchase or sale?
The Form 4 shows a grant of Restricted Stock Units, not an open-market trade. The transaction is coded as an award acquisition, reflecting equity-based compensation awarded by AMC Networks, rather than the executive buying or selling existing shares in the public market.
How many derivative securities does the AMCX executive hold after this RSU grant?
After this transaction, Michael J. Sherin III holds 21,411 Restricted Stock Units as reported in the filing. These RSUs are derivative securities tied to AMC Networks Class A Common Stock, and their value depends on the company’s share price when they vest or settle.
Under which plan were the 21,411 RSUs for AMC Networks’ executive granted?
The 21,411 Restricted Stock Units were granted under the AMC Networks Inc. A&R 2016 Employee Stock Plan. This plan provides stock-based incentives to employees, aligning their potential rewards with shareholders’ interests through equity rather than solely relying on fixed cash compensation.