AMC Networks (AMCX) CCO Dan McDermott nets 76,178 shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMC Networks Inc. Chief Content Officer Dan McDermott reported compensation-related stock activity involving restricted stock units (RSUs). On March 9, 2026, he exercised RSUs to acquire 56,743 shares of AMC Networks Inc. Class A Common Stock, all at a conversion price of $0.0000 per share.
To cover tax obligations tied to these vestings, 19,620 shares were withheld at $8.05 per share as tax-withholding dispositions, rather than open-market sales. After these exercises and withholdings, McDermott directly held 76,178 shares of Class A Common Stock. The footnotes explain that these RSUs were granted under the AMC Networks Inc. 2016 Employee Stock Plan and its amended and restated version, with the grants vesting in thirds over several years.
Positive
- None.
Negative
- None.
Insider Trade Summary
56,743 shares exercised/converted
Mixed
12 txns
Insider
McDermott Dan
Role
Chief Content Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,880 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,870 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,938 | $0.00 | -- |
| Exercise | Restricted Stock Units | 13,055 | $0.00 | -- |
| Exercise | AMC Networks Inc. Class A Common Stock | 9,880 | $0.00 | -- |
| Tax Withholding | AMC Networks Inc. Class A Common Stock | 3,416 | $8.05 | $27K |
| Exercise | AMC Networks Inc. Class A Common Stock | 12,870 | $0.00 | -- |
| Tax Withholding | AMC Networks Inc. Class A Common Stock | 4,450 | $8.05 | $36K |
| Exercise | AMC Networks Inc. Class A Common Stock | 20,938 | $0.00 | -- |
| Tax Withholding | AMC Networks Inc. Class A Common Stock | 7,240 | $8.05 | $58K |
| Exercise | AMC Networks Inc. Class A Common Stock | 13,055 | $0.00 | -- |
| Tax Withholding | AMC Networks Inc. Class A Common Stock | 4,514 | $8.05 | $36K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
AMC Networks Inc. Class A Common Stock — 48,935 shares (Direct)
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. Each RSU was granted on November 18, 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 7 above, exempt under Rule 16b-3.
FAQ
What did AMC Networks (AMCX) executive Dan McDermott report in this Form 4?
Dan McDermott reported routine equity compensation activity. He exercised restricted stock units into Class A Common Stock and had a portion of the resulting shares withheld to satisfy tax obligations associated with those vestings under the company’s employee stock plans.
Were Dan McDermott’s AMC Networks (AMCX) transactions open-market buys or sells?
No open-market buys or sells were reported. The filing shows RSU exercises coded “M” and tax-withholding dispositions coded “F,” which are compensation and tax events under the company’s employee stock plans, rather than discretionary market trading.
Which AMC Networks (AMCX) equity plans governed Dan McDermott’s RSUs?
The RSUs were granted under the AMC Networks Inc. 2016 Employee Stock Plan and the amended and restated 2016 Employee Stock Plan. The footnotes detail that each RSU represents one share or cash equivalent and vests in three annual installments on specified March vesting dates.