AMCX.NASDAQAmc Networks INC

Form 4: AMC Networks Executive Kim Kelleher Reports Stock Transactions Following RSU Vesting

Sentiment:

SEC Form 4

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Kimberly Kelleher, Chief Commercial Officer of AMC Networks Inc., reports the vesting and settlement of restricted stock units (RSUs) and associated tax withholding.

Summary

  • Kimberly Kelleher, Chief Commercial Officer of AMC Networks Inc., filed a Form 4 detailing changes in beneficial ownership of AMC Networks Inc. Class A Common Stock.
  • The transactions involve the vesting and settlement of restricted stock units (RSUs) granted under the AMC Networks Inc. 2016 Employee Stock Plan.
  • The RSUs vested in installments, with portions vesting on March 7, 2025, and previous installments on March 9, 2023, and March 8, 2024.
  • Shares were also withheld to satisfy tax obligations related to the vesting of the RSUs.
  • The reported transactions include the acquisition of shares through RSU vesting and the disposal of shares to cover tax liabilities.
  • As a result of these transactions, Kelleher's direct ownership of AMC Networks Inc. Class A Common Stock has changed.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs is a common form of executive compensation.

Stakeholder Impact

  • The vesting of RSUs impacts the company's share dilution and potentially affects shareholder value, although the impact is likely minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates

DateDescription
October 19, 2022Date of grant for 1,945 RSUs under the AMC Networks Inc. 2016 Employee Stock Plan.
March 10, 2022Date of grant for 3,058 RSUs under the AMC Networks Inc. 2016 Employee Stock Plan.
March 9, 2023One-third of the 1,945 RSUs granted on October 19, 2022 vested and were settled.
March 9, 2023One-third of the 3,058 RSUs granted on March 10, 2022 vested and were settled.
April 13, 2023Date of grant for 9,880 RSUs under the AMC Networks Inc. 2016 Employee Stock Plan.
March 8, 2024One-third of the 1,945 RSUs granted on October 19, 2022 vested and were settled.
March 8, 2024One-third of the 3,058 RSUs granted on March 10, 2022 vested and were settled.
March 8, 2024One-third of the 9,880 RSUs granted on April 13, 2023 vested and were settled.
March 12, 2024Date of grant for 12,870 RSUs under the AMC Networks Inc. 2016 Employee Stock Plan.
March 7, 2025Final one-third of the 1,945 RSUs granted on October 19, 2022 vested and were settled.
March 7, 2025Final one-third of the 3,058 RSUs granted on March 10, 2022 vested and were settled.
March 7, 2025One-third of the 9,880 RSUs granted on April 13, 2023 vested and were settled.
March 7, 2025One-third of the 12,870 RSUs granted on March 12, 2024 vested and were settled.
March 9, 2026Next vesting date for one-third of the 9,880 RSUs granted on April 13, 2023.
March 9, 2026Next vesting date for one-third of the 12,870 RSUs granted on March 12, 2024.
March 9, 2027Final vesting date for one-third of the 12,870 RSUs granted on March 12, 2024.
March 11, 2025Date of the Form 4 filing.

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