Form 4: AMC Executive's RSU Vesting and Tax Withholding

AMC Entertainment Holdings' SVP of Business Development, Ellen Copaken, reported the vesting of 36,954 Restricted Stock Units and the withholding of 18,562 shares for tax obligations.

Summary

• Ellen Copaken, SVP, Business Development at AMC Entertainment Holdings, Inc. (AMC), reported transactions related to her beneficial ownership.
• On January 8, 2026, 36,954 shares of Class A Common Stock were acquired upon the vesting of Restricted Stock Units (RSUs) granted in 2023, 2024, and 2025 under the Issuer's 2013 and 2024 Equity Incentive Plans.
• Each RSU represents the right to receive one share upon vesting, with one-third of the total grant vesting based on continued employment.
• Concurrently, 18,562 shares were disposed of (withheld) to satisfy tax obligations arising from these RSU vesting events.
• Following these transactions, Ellen Copaken beneficially owns 45,494 shares of Class A Common Stock directly.
• The reported ownership does not include 55,297 shares issuable upon future vesting based on continued service and 92,249 shares issuable upon attainment of performance goals at target, which would bring the total potential ownership to 193,040 shares.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (RSU vesting and tax withholding) which is neutral in terms of company performance or strategic direction. It reflects an expected part of the executive's compensation structure.

Positives

• The vesting of Restricted Stock Units indicates the reporting person's continued employment and fulfillment of compensation terms.
• The executive's beneficial ownership of 45,494 shares aligns her interests with those of shareholders.

Negatives

• A significant portion of shares (18,562) was withheld to cover tax obligations, reducing the immediate increase in direct beneficial ownership.

Future Outlook

The reporting person has significant future equity grants, including 55,297 shares tied to continued service and 92,249 shares contingent on achieving performance goals at target, indicating a long-term incentive structure.

Industry Context

The vesting of Restricted Stock Units and subsequent tax withholding is a standard practice in executive compensation across various industries, aligning executive incentives with company performance and shareholder value over time.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a common practice, comparable to compensation structures seen in other publicly traded companies, particularly in the entertainment and media sectors.
• The mechanism of withholding shares to cover tax obligations upon vesting is a standard and efficient method for managing executive compensation taxes, consistent with practices at companies like Netflix or Disney, which also utilize equity-based incentives.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and does not directly impact the company's operational or financial performance. It reflects the ongoing cost of executive compensation through equity dilution.
• Employees: The RSU vesting demonstrates the company's commitment to its equity incentive plans, which can serve as a model for other employees participating in similar programs.

Next Steps

• Future vesting of 55,297 shares based on continued service.
• Future vesting of 92,249 shares upon attainment of performance goals at target.

Key Dates

Keywords

AMC Entertainment Holdings, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Insider Transaction, Equity Incentive Plan, SVP Business Development