Form 4: AMC Networks CEO Kristin Dolan Reports Stock Transactions

Kristin Dolan, CEO of AMC Networks, reported the vesting and settlement of restricted stock units and related tax withholding, resulting in changes to her beneficial ownership of Class A Common Stock.

Summary

• Kristin A. Dolan, CEO of AMC Networks, reported changes in her beneficial ownership of AMC Networks Inc. Class A Common Stock on March 8, 2024.
• The transactions involved the vesting and settlement of 37,048 restricted stock units (RSUs) granted under the company's 2016 Employee Stock Plan.
• One-third of the RSUs vested on March 8, 2024, and the remaining portions will vest on March 9, 2025, and March 9, 2026.
• As a result of the RSU settlement, Ms. Dolan acquired 37,048 shares of Class A Common Stock.
• 18,913 shares were withheld to cover withholding taxes at a price of $11.85 per share.
• Following these transactions, Ms. Dolan directly owns 85,904 shares of Class A Common Stock and indirectly owns 1,925 shares through her husband as custodian for their minor children.
• James L. Dolan, Kristin Dolan's spouse and a director of AMC Networks, disclaims beneficial ownership of the shares held directly by Kristin Dolan and those held for their minor children.
• The report was jointly signed by Kristin A. Dolan and James L. Dolan on March 12, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

One-third of the RSUs will vest on March 9, 2025, and one-third will vest on March 9, 2026.

Industry Context

This filing is a routine disclosure of insider stock transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.

Key Dates