AMC Networks EVP sells shares after RSU vesting
AMC Networks Inc. executive Michael J. Sherin III reported a mix of stock option activity and share sales.
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Rhea-AI Filing Summary
AMC Networks Inc. executive Michael J. Sherin III reported a mix of stock option activity and share sales. On March 9, 2026, he exercised rights linked to restricted stock units for a total of 16,124 shares of AMC Networks Class A common stock at $0.00 per share, with 5,476 shares withheld to cover tax obligations at $8.05 per share. On March 10, 2026, he made open-market sales totaling 5,963 shares at prices between $7.95 and $7.97 per share. After these transactions, he directly held 10,648 shares of AMC Networks Class A common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | AMC Networks Inc. Class A Common Stock | 2,700 | $7.95 | $21K |
| Sale | AMC Networks Inc. Class A Common Stock | 863 | $7.97 | $7K |
| Sale | AMC Networks Inc. Class A Common Stock | 2,400 | $7.975 | $19K |
| Exercise | Restricted Stock Units | 4,629 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,376 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 7,119 | $0.00 | $0.00 |
| Exercise | AMC Networks Inc. Class A Common Stock | 4,629 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | AMC Networks Inc. Class A Common Stock | 1,572 | $8.05 | $13K |
| Exercise | AMC Networks Inc. Class A Common Stock | 4,376 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | AMC Networks Inc. Class A Common Stock | 1,486 | $8.05 | $12K |
| Exercise | AMC Networks Inc. Class A Common Stock | 7,119 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | AMC Networks Inc. Class A Common Stock | 2,418 | $8.05 | $19K |
Footnotes (6)
- F1. Each RSU was granted on October 24, 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 settled on March 7, 2025. The remaining one-third of the RSUs vested and 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
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What did AMC Networks (AMCX) EVP Michael J. Sherin III report in this Form 4?
What role do restricted stock units (RSUs) play in this AMC Networks (AMCX) Form 4?
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