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IMAX (NYSE: IMAX) CTO boosts holdings after RSU and PSU conversions

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

IMAX Corporation CTO & EVP Pablo Calamera reported equity compensation activity involving restricted and performance share units. He exercised or converted 18,786 restricted and performance share units into common shares and received additional share-based awards.

To cover tax obligations, 15,733 common shares were withheld by IMAX at $40.80 per share, which is a non-market, tax-withholding disposition rather than an open-market sale. Following these transactions, Calamera directly holds 58,012 common shares and 20,840 restricted share units, reflecting a net increase in his IMAX equity stake.

Positive

  • None.

Negative

  • None.
Insider PABLO CALAMERA
Role CTO & EVP
Type Security Shares Price Value
Exercise restricted share units 8,044 $0.00 --
Exercise restricted share units 7,409 $0.00 --
Exercise restricted share units 3,333 $0.00 --
Grant/Award restricted share units 6,763 $0.00 --
Exercise common shares 8,044 $0.00 --
Exercise common shares 7,409 $0.00 --
Exercise common shares 3,333 $0.00 --
Tax Withholding common shares 10,061 $40.80 $410K
Grant/Award common shares 14,073 $0.00 --
Tax Withholding common shares 5,672 $40.80 $231K
holding common shares (opening balance) -- -- --
Holdings After Transaction: restricted share units — 0 shares (Direct); common shares — 48,930 shares (Direct); common shares (opening balance) — 40,886 shares (Direct)
Footnotes (1)
  1. Represents the conversion upon vesting of restricted share units into common shares. Mr. Calamera is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transactions. Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2023. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period. Mr. Calamera is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the performance stock unit transactions. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. The restricted share units vest and will be converted to common shares in three installments: 8,042 on each of March 7, 2024 and March 7, 2025 and 8,044 on March 7, 2026. The restricted share units vest and will be converted to common shares in three installments: 7,409 on each of March 7, 2025 and March 7, 2026 and 7,410 on March 2027. The restricted share units vest and will be converted to common shares in three installments: 3,333 on each of March 7, 2026 and March 7, 2027 and 3,334 on March 7, 2028. The restricted share units vest and will be converted to common shares in three installments: 2,254 on each of March 7, 2027 and March 7, 2028 and 2,255 on March 7, 2029. This represents the number of restricted share units for this transaction only. Mr. Calamera's aggregate remaining outstanding restricted share unit and common share balances following these transactions will be 20,840 and 58,012, respectively.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
PABLO CALAMERA
(Last) (First) (Middle)
902 BROADWAY, FLOOR 20
(Street)
NEW YORK NY 10010
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IMAX CORP [ IMAX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CTO & EVP
3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common shares (opening balance) 40,886 D
common shares 03/07/2026 M 8,044(1) A $0.00 48,930 D
common shares 03/07/2026 M 7,409(1) A $0.00 56,339 D
common shares 03/07/2026 M 3,333(1) A $0.00 59,672 D
common shares 03/07/2026 F 10,061(2) D $40.8 49,611 D
common shares 03/07/2026 A 14,073(3) A $0.00 63,684 D
common shares 03/07/2026 F 5,672(4) D $40.8 58,012 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
restricted share units(5) $0.00(6) 03/07/2026 M 8,044(1) (7) (7) common shares 8,044 $0.00(6) 0(11) D
restricted share units(5) $0.00(6) 03/07/2026 M 7,409(1) (8) (8) common shares 7,409 $0.00(6) 7,410(11) D
restricted share units(5) $0.00(6) 03/07/2026 M 3,333(1) (9) (9) common shares 3,333 $0.00(6) 6,667(11) D
restricted share units(5) $0.00(6) 03/07/2026 A 6,763 (10) (10) common shares 6,763 $0.00(6) 6,763(11) D
Explanation of Responses:
1. Represents the conversion upon vesting of restricted share units into common shares.
2. Mr. Calamera is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transactions.
3. Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2023. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.
4. Mr. Calamera is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the performance stock unit transactions.
5. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
6. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
7. The restricted share units vest and will be converted to common shares in three installments: 8,042 on each of March 7, 2024 and March 7, 2025 and 8,044 on March 7, 2026.
8. The restricted share units vest and will be converted to common shares in three installments: 7,409 on each of March 7, 2025 and March 7, 2026 and 7,410 on March 2027.
9. The restricted share units vest and will be converted to common shares in three installments: 3,333 on each of March 7, 2026 and March 7, 2027 and 3,334 on March 7, 2028.
10. The restricted share units vest and will be converted to common shares in three installments: 2,254 on each of March 7, 2027 and March 7, 2028 and 2,255 on March 7, 2029.
11. This represents the number of restricted share units for this transaction only. Mr. Calamera's aggregate remaining outstanding restricted share unit and common share balances following these transactions will be 20,840 and 58,012, respectively.
Remarks:
/s/ Kenneth I. Weissman (attorney-in-fact for Pablo Calamera) 03/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did IMAX (IMAX) CTO Pablo Calamera report in this Form 4?

Pablo Calamera reported routine equity compensation activity, including exercises of restricted and performance share units into common shares and new share awards. The filing shows increased direct ownership in IMAX common shares and restricted share units as part of his compensation package.

How many IMAX share units did Pablo Calamera convert into common shares?

He exercised or converted 18,786 restricted and performance share units into IMAX common shares. These units represent previously granted equity awards that vested, turning into regular shares and increasing his direct ownership position in the company.

Were any of Pablo Calamera’s IMAX share transactions open-market sales?

No open-market sales were reported. The only dispositions were 15,733 common shares withheld by IMAX at $40.80 per share to satisfy tax obligations, a standard non-market tax-withholding mechanism tied to vesting and share delivery.

What IMAX share awards did Pablo Calamera receive in this filing?

The filing shows new grants of restricted share units and related common shares as compensation. These include awards that will vest over future years, further aligning his interests with IMAX shareholders through ongoing equity-based incentives tied to performance and service.

What are Pablo Calamera’s IMAX holdings after these transactions?

After the reported transactions, he holds 58,012 IMAX common shares and 20,840 restricted share units. This mix of outright shares and unvested units reflects both realized equity ownership and future potential share delivery as awards vest over time.

How were IMAX performance stock units treated in Pablo Calamera’s Form 4?

Some transactions reflect conversion of vested performance stock units granted on March 7, 2023. The number of shares earned is based on achievement of EBITDA performance conditions over a three-year period, turning those performance units into IMAX common shares.