STOCK TITAN

IMAX (IMAX) legal chief nets 204,875 shares after equity vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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*
LISTER ROBERT D

(Last) (First) (Middle)
902 BROADWAY
20TH FLOOR

(Street)
NEW YORK NY 10010-6002

(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)
Chief Legal & Sr Exec VP
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) 159,421 D
common shares 03/07/2026 M 12,959(1) A $0.00 172,380 D
common shares 03/07/2026 M 14,325(1) A $0.00 186,705 D
common shares 03/07/2026 M 9,666(1) A $0.00 196,371 D
common shares 03/07/2026 F 19,567(2) D $40.8 176,804 D
common shares 03/07/2026 A 40,817(3) A $0.00 217,621 D
common shares 03/07/2026 A 18,846(4) A $0.00 236,467 D
common shares 03/07/2026 F 31,592(5) D $40.8 204,875 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(6) $0.00(7) 03/07/2026 M 12,959(1) (8) (8) common shares 12,959 $0.00(7) 0(12) D
restricted share units(6) $0.00(7) 03/07/2026 M 14,325(1) (9) (9) common shares 14,325 $0.00(7) 14,325(12) D
restricted share units(6) $0.00(7) 03/07/2026 M 9,666(1) (10) (10) common shares 9,666 $0.00(7) 19,334(12) D
restricted share units(6) $0.00(7) 03/07/2026 A 19,613 (11) (11) common shares 19,613 $0.00(7) 19,613(12) D
Explanation of Responses:
1. Represents the conversion upon vesting of restricted share units into common shares.
2. 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.
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. 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.
5. 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.
6. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
7. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
8. 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.
9. 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.
10. 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.
11. 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.
12. 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.
Remarks:
/s/ Kenneth I. Weissman (attorney-in-fact for Robert D. Lister) 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.

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.

How many IMAX common shares were gained from award conversions?

Equity awards converted into a total of 36,950 IMAX common shares on March 7, 2026. These came from vested restricted share units and performance stock units previously granted under the company’s compensation programs.

How many IMAX shares were withheld for Robert Lister’s taxes?

IMAX withheld 51,159 common shares from Robert Lister at $40.80 per share to satisfy tax withholding obligations arising from the delivery of shares on equity award conversions, rather than executing an open-market sale.

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.

What are Robert Lister’s IMAX share and RSU holdings after these transactions?

Following the reported transactions, Robert Lister holds 204,875 IMAX common shares and 53,272 restricted share units directly. These figures include the impact of equity award conversions, new grants, and tax-withholding share reductions.

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.