Lionsgate Studios (LION) CEO logs RSU vesting and tax-related share cancellation
Rhea-AI Filing Summary
Lionsgate Studios Corp. Chief Executive Officer Jon Feltheimer reported compensation-related share movements. On the vesting of his fiscal 2025 annual incentive bonus, 662,500 restricted share units converted into common shares at no cost, increasing his direct holdings to 4,133,512 shares.
To cover tax withholding obligations on that vesting, 348,896 common shares were automatically canceled by the company at an indicated value of $12.43 per share. These are not open-market sales, but a non-discretionary tax-withholding mechanism tied to equity compensation.
Feltheimer also continues to hold additional RSUs that may convert into shares over time, including 196,903 RSUs scheduled to vest on July 3, 2026, 351,597 RSUs vesting in two equal installments on July 1, 2026 and 2027, and 731,497 RSUs vesting in three equal installments on July 1, 2026, 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 662,500 | $0.00 | -- |
| Tax Withholding | Common Shares | 348,896 | $12.43 | $4.34M |
Footnotes (1)
- Represents the vesting of the portion of the reporting person's fiscal 2025 annual incentive bonus in restricted share units ("RSUs"). Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 196,903 RSUs scheduled to vest on July 3, 2026; (ii) 351,597 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; and (iii) 731,497 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028. Represents common shares automatically canceled by the Issuer to satisfy certain tax withholding obligations upon the vesting of 662,500 RSUs.