IMAX (IMAX) legal chief nets 204,875 shares after equity vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IMAX Corporation’s Chief Legal & Sr Exec VP Robert D. Lister reported multiple equity compensation events. On March 7, 2026, vested restricted share units and performance stock units were converted into 36,950 common shares, reflecting previously granted awards.
To cover tax obligations on these conversions, IMAX withheld 51,159 common shares at $40.80 per share, which is recorded as a tax-withholding disposition rather than an open-market sale. Lister also received new equity awards, including 19,613 restricted share units and additional common share grants. After these transactions, he holds 204,875 common shares and 53,272 restricted share units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
36,950 shares exercised/converted
Mixed
12 txns
Insider
LISTER ROBERT D
Role
Chief Legal & Sr Exec VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | restricted share units | 12,959 | $0.00 | -- |
| Exercise | restricted share units | 14,325 | $0.00 | -- |
| Exercise | restricted share units | 9,666 | $0.00 | -- |
| Grant/Award | restricted share units | 19,613 | $0.00 | -- |
| Exercise | common shares | 12,959 | $0.00 | -- |
| Exercise | common shares | 14,325 | $0.00 | -- |
| Exercise | common shares | 9,666 | $0.00 | -- |
| Tax Withholding | common shares | 19,567 | $40.80 | $798K |
| Grant/Award | common shares | 40,817 | $0.00 | -- |
| Grant/Award | common shares | 18,846 | $0.00 | -- |
| Tax Withholding | common shares | 31,592 | $40.80 | $1.29M |
| holding | common shares (opening balance) | -- | -- | -- |
Holdings After Transaction:
restricted share units — 0 shares (Direct);
common shares — 172,380 shares (Direct);
common shares (opening balance) — 159,421 shares (Direct)
Footnotes (1)
- Represents the conversion upon vesting of restricted share units into common shares. Mr. Lister 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. 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 TSR performance conditions over the three year performance period. Mr. Lister 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: 12,957 on each of March 7, 2024 and March 7, 2025 and 12,959 March 7, 2026. The restricted share units vest and will be converted to common shares in three equal installments: 14,325 on each of March 7, 2025, March 7, 2026 and March 7, 2027. The restricted share units vest and will be converted to common shares in three installments: 9,666 on each of March 7, 2026 and March 7, 2027 and 9,668 March 7, 2028. The restricted share units vest and will be converted to common shares in three installments: 6,537 on each of March 7, 2027 and March 7, 2028 and 6,539 on March 7, 2029. This represents the number of restricted share units for this transaction only. Mr. Lister's aggregate remaining restricted share unit and common share balances following these transactions will be 53,272 and 204,875, respectively.
FAQ
What insider transactions did IMAX (IMAX) executive Robert Lister report?
Robert Lister reported vesting and conversion of equity awards into common shares, related tax-withholding share dispositions, and new restricted share unit and common share grants, all as part of his compensation package on March 7, 2026.
What new equity awards did Robert Lister receive from IMAX (IMAX)?
Robert Lister received a grant of 19,613 restricted share units and additional common share awards recorded at zero purchase price, reflecting compensation-related equity grants rather than open-market share purchases.
Were any of Robert Lister’s IMAX transactions open-market sales or buys?
The filing shows no open-market purchases or sales. Dispositions were for tax withholding at $40.80 per share, while all acquisitions came from equity award conversions and grants, not from buying shares in the market.