AMC Networks (AMCX) CFO nets shares from RSU vesting and tax withholding
Rhea-AI Filing Summary
AMC Networks Inc. EVP & Chief Financial Officer Patrick O'Connell reported multiple equity compensation transactions on Class A Common Stock tied to vested restricted stock units on March 9, 2026.
He exercised RSUs covering 62,568 shares of AMC Networks Inc. Class A Common Stock in total, at a conversion price of $0.00 per share, reflecting stock-based compensation rather than an open-market purchase. To cover tax obligations on these vestings, the issuer withheld an aggregate 25,174 shares at a price of $8.05 per share through transactions coded as tax-withholding dispositions, not market sales.
After these transactions, O'Connell directly held 63,291 shares of AMC Networks Inc. Class A Common Stock. Footnotes explain that the RSUs were granted under the AMC Networks Inc. 2016 Employee Stock Plan and A&R 2016 Employee Stock Plan, with prior tranches vesting in 2024 and 2025 and remaining tranches scheduled to vest on March 9, 2027 and March 9, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,856 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 19,305 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 31,407 | $0.00 | $0.00 |
| Exercise | AMC Networks Inc. Class A Common Stock | 11,856 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | AMC Networks Inc. Class A Common Stock | 4,274 | $8.05 | $34K |
| Exercise | AMC Networks Inc. Class A Common Stock | 19,305 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | AMC Networks Inc. Class A Common Stock | 6,959 | $8.05 | $56K |
| Exercise | AMC Networks Inc. Class A Common Stock | 31,407 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | AMC Networks Inc. Class A Common Stock | 13,941 | $8.05 | $112K |
Footnotes (6)
- F1. Each RSU was granted on April 13, 2023 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. One-third of the RSUs vested and were settled on March 8, 2024 and one-third of the RSUs vested and were settled on March 7, 2025. The remaining one-third of the RSUs vested and were settled on March 9, 2026.
- F2. 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.
- F3. Each RSU was granted on March 12, 2024 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. One-third of the RSUs vested and were settled on March 7, 2025 and one-third of the RSUs vested and were settled on March 9, 2026. The remaining one-third of the RSUs will vest on March 9, 2027.
- F4. Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 3 above, exempt under Rule 16b-3.
- F5. 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.
- F6. Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 5 above, exempt under Rule 16b-3.
FAQ
What did AMC Networks (AMCX) CFO Patrick O'Connell report in this Form 4?
How are Patrick O'Connell’s AMC Networks RSUs scheduled to vest in the future?
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