IMAX (IMAX) director Dana R. Settle gains 3,390 shares and 3,390 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IMAX Corporation director Dana R. Settle reported equity-based compensation activity involving restricted share units (RSUs) and common shares. She exercised 3,390 restricted share units into 3,390 IMAX common shares, increasing her directly held common shares to 69,090.
On the same date, she received a new grant of 3,390 restricted share units in connection with her service on the IMAX board. Each restricted share unit is the economic equivalent of one IMAX common share and represents a contingent right to receive one common share upon vesting and conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,390 shares exercised/converted
Mixed
4 txns
Insider
SETTLE DANA R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | restricted share units | 3,390 | $0.00 | -- |
| Exercise | restricted share units | 3,390 | $0.00 | -- |
| Exercise | common shares | 3,390 | $0.00 | -- |
| holding | common shares (opening balance) | -- | -- | -- |
Holdings After Transaction:
restricted share units — 3,390 shares (Direct, null);
common shares — 69,090 shares (Direct, null);
common shares (opening balance) — 65,700 shares (Direct, null)
Footnotes (1)
- Represents the conversion upon vesting of restricted share units into common shares. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. Ms. Settle received a grant of restricted share units in connection with her membership on the IMAX Corporation Board of Directors. The restricted share units vest and convert to common shares on the date of grant, June 11, 2026. Pursuant to Instruction 4(C)(iii), this response has been left blank.
Key Figures
Common shares after transaction: 69,090 shares
Common shares before conversion: 65,700 shares
RSUs converted: 3,390 restricted share units
+2 more
5 metrics
Common shares after transaction
69,090 shares
Direct IMAX common share holdings following 3,390-share RSU conversion
Common shares before conversion
65,700 shares
Opening IMAX common share balance before 3,390-share RSU conversion
RSUs converted
3,390 restricted share units
Restricted share units converted into 3,390 IMAX common shares
New RSU grant
3,390 restricted share units
Grant received in connection with IMAX board membership
RSU-to-share ratio
1:1
Each restricted share unit equals one IMAX common share economically
Key Terms
restricted share units, economic equivalent, contingent right, derivative security
4 terms
economic equivalent financial
"Each restricted share unit is the economic equivalent of one common share of IMAX Corporation."
contingent right financial
"Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Dana R. Settle report in the latest IMAX (IMAX) Form 4?
Dana R. Settle reported equity awards related to her IMAX directorship. She converted 3,390 restricted share units into 3,390 common shares and received a new grant of 3,390 restricted share units, all held as direct ownership in IMAX equity.
Does the Form 4 indicate any remaining IMAX derivative positions for Dana R. Settle?
The filing shows Dana R. Settle holding 3,390 restricted share units after the reported grant. These units are derivative securities tied one-for-one to IMAX common shares, providing future rights to receive shares when the units vest and convert.