Insider Kevin Douglas (IMAX: IMAX) receives 3,390 vested RSUs in IMAX
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DOUGLAS KEVIN reported acquisition or exercise transactions in this Form 4 filing.
IMAX CORP director and 10% owner Kevin Douglas reported a grant of 3,390 shares of Common Stock through vested restricted stock units. The award was recorded at a price of $0.0000 per share and increased his direct ownership to 3,660,840 IMAX shares following the transaction.
The filing also lists significant additional indirect holdings in IMAX Common Stock held through various family trusts, including the Nonexempt Trust FBO Kevin G. Douglas, multiple Irrevocable Descendants' Trusts, Celtic Financial, LLC, and entities associated with James E. Douglas III. These entries reflect how Douglas and related parties hold shares across several trusts and entities rather than new open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
DOUGLAS KEVIN, CELTIC FINANCIAL LLC, DOUGLAS JAMES E III
Role
null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,390 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,660,840 shares (Direct, null);
Common Stock — 440,000 shares (Indirect, By Nonexempt Trust FBO Kevin G. Douglas)
Footnotes (1)
- These securities are held directly and jointly by Kevin Douglas and his wife, Michelle Douglas. Each of the reporting persons hereunder (individually, a "Reporting Person" and collectively the "Reporting Persons") may be deemed a member of a "group" within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") or Rule 13d-5 promulgated under the Exchange Act, with one or more of the other Reporting Persons. Although the Reporting Persons are reporting such securities as if they were members of a "group", the filing of this Form 4 shall not be deemed an admission by any Reporting Person that such Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person. Includes 28,352 shares held by an intentionally defective grantor trust (the "KGD IDGT"). Kevin Douglas, as the settlor of the KGD IDGT, has the right to substitute property of equivalent value in return for the shares held by the KGD IDGT and may be deemed to have shared voting and dispositive power over the shares held by the KGD IDGT. Includes 28,352 shares held by an intentionally defective grantor trust (the "MMD IDGT"). Michelle Douglas, as the settlor of the MMD IDGT, has the right to substitute property of equivalent value in return for the shares held by the MMD IDGT and may be deemed to have shared voting and dispositive power over the shares held by the MMD IDGT. These securities are held directly by the Nonexempt Trust FBO Kevin G. Douglas and indirectly by Kevin Douglas. Kevin Douglas is the trustee of the Nonexempt Trust FBO Kevin G. Douglas. These securities are held directly by the Irrevocable Descendants' Trust FBO Alexander James Douglas and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the Irrevocable Descendants' Trust FBO Alexander James Douglas. These securities are held directly by the Irrevocable Descendants' Trust FBO Amanda Anne Douglas and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the Irrevocable Descendants' Trust FBO Amanda Anne Douglas. These securities are held directly by the Irrevocable Descendants' Trust FBO Jake Edward Douglas and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the Irrevocable Descendants' Trust FBO Jake Edward Douglas. These securities are held directly by the Irrevocable Descendants' Trust FBO Summer Jean Douglas and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the Irrevocable Descendants' Trust FBO Summer Jean Douglas. Includes 861,045 shares held directly by James E. Douglas, III and 440,000 shares held by the Nonexempt Trust FBO James E. Douglas, III (of which James E. Douglas III is the trustee), and indirectly by Kevin Douglas These securities are held directly by Celtic Financial, LLC and indirectly by Kevin Douglas. Restricted stock units granted to Kevin Douglas which were vested on the date of grant.
Key Figures
RSU grant: 3,390 shares
Grant price: $0.0000 per share
Direct holdings: 3,660,840 shares
+3 more
6 metrics
RSU grant
3,390 shares
Restricted stock units vested on grant to Kevin Douglas
Grant price
$0.0000 per share
Reported price for the 3,390-share RSU award
Direct holdings
3,660,840 shares
Kevin Douglas direct IMAX Common Stock after grant
Nonexempt Trust FBO Kevin G. Douglas
440,000 shares
Indirect IMAX holdings reported via this trust
Celtic Financial, LLC
571,989 shares
IMAX shares held by Celtic Financial, LLC
James E. Douglas III holdings
1,301,045 shares
Includes direct and Nonexempt Trust FBO James E. Douglas III
Key Terms
restricted stock units, 13(d)(3) group, intentionally defective grantor trust, Nonexempt Trust FBO Kevin G. Douglas, +1 more
5 terms
restricted stock units financial
"Restricted stock units granted to Kevin Douglas which were vested on the date of grant."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
13(d)(3) group regulatory
"may be deemed a member of a "group" within the meaning of Section 13(d)(3)"
intentionally defective grantor trust financial
"Includes 28,352 shares held by an intentionally defective grantor trust (the "KGD IDGT")."
Nonexempt Trust FBO Kevin G. Douglas financial
"These securities are held directly by the Nonexempt Trust FBO Kevin G. Douglas"
Irrevocable Descendants' Trust financial
"These securities are held directly by the Irrevocable Descendants' Trust FBO Alexander James Douglas"
FAQ
What did Kevin Douglas report in this IMAX (IMAX) Form 4 filing?
Kevin Douglas reported receiving 3,390 shares of IMAX Common Stock via vested restricted stock units. The filing also updates his direct and indirect shareholdings across several family trusts and related entities.
What type of compensation did Kevin Douglas receive from IMAX (IMAX)?
He received restricted stock units that were vested on the date of grant, representing 3,390 IMAX Common Stock shares. This is a stock-based compensation award rather than an open-market purchase or sale of existing shares.