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 | -- |
| Exercise | Restricted Stock Units | 19,305 | $0.00 | -- |
| Exercise | Restricted Stock Units | 31,407 | $0.00 | -- |
| Exercise | AMC Networks Inc. Class A Common Stock | 11,856 | $0.00 | -- |
| Tax Withholding | AMC Networks Inc. Class A Common Stock | 4,274 | $8.05 | $34K |
| Exercise | AMC Networks Inc. Class A Common Stock | 19,305 | $0.00 | -- |
| Tax Withholding | AMC Networks Inc. Class A Common Stock | 6,959 | $8.05 | $56K |
| Exercise | AMC Networks Inc. Class A Common Stock | 31,407 | $0.00 | -- |
| Tax Withholding | AMC Networks Inc. Class A Common Stock | 13,941 | $8.05 | $112K |
Footnotes (1)
- 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. 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. 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. 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. 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 5 above, exempt under Rule 16b-3.
