AMCX.NASDAQAmc Networks INC

Form 4: AMC Networks EVP Patrick O'Connell Reports Stock Transactions Following RSU Vesting

Sentiment:

SEC Form 4 Filing


Patrick O'Connell, EVP & Chief Financial Officer of AMC Networks Inc., reports the vesting and settlement of restricted stock units (RSUs) and associated tax withholding.

Summary

  • On March 7, 2025, Patrick O'Connell, EVP & Chief Financial Officer of AMC Networks Inc., reported transactions related to the vesting and settlement of restricted stock units (RSUs).
  • These RSUs were granted under the AMC Networks Inc. 2016 Employee Stock Plan.
  • The transactions included the acquisition of shares upon vesting of RSUs and the disposal of shares to satisfy tax withholding obligations.
  • The price for tax withholding was $7.06 per share.
  • Following these transactions, O'Connell directly owns 25,897 shares of AMC Networks Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.

Future Outlook

The remaining RSUs will continue to vest on future dates, as outlined in the explanation of responses.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company insiders.

Comparison to Industry Standards

  • Equity compensation in the form of RSUs is a common practice among publicly traded companies, including media companies like Paramount, Warner Bros. Discovery, and Netflix.
  • The vesting schedules and terms of these grants are generally aligned with industry standards for executive compensation.
  • The tax withholding process is also standard practice.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation.
  • It has a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

DateDescription
October 19, 2022Date of grant for 9,333 Restricted Stock Units.
March 9, 2023One-third of the RSUs granted on October 19, 2022 vested and were settled.
April 13, 2023Date of grant for 11,856 Restricted Stock Units.
March 8, 2024One-third of the RSUs granted on October 19, 2022 and April 13, 2023 vested and were settled.
March 12, 2024Date of grant for 19,305 Restricted Stock Units.
March 7, 2025Date of transactions reported: vesting and settlement of RSUs, and tax withholding.
March 9, 2026One-third of the RSUs granted on April 13, 2023 and March 12, 2024 will vest.
March 9, 2027One-third of the RSUs granted on March 12, 2024 will vest.
March 11, 2025Date of Form 4 filing.

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