Form 4: AMC Networks Executive Kimberly Kelleher Reports Stock Transactions Following RSU Vesting
SEC Form 4
Kimberly Kelleher, Chief Commercial Officer of AMC Networks, reports the vesting and settlement of restricted stock units (RSUs) and associated tax withholding, resulting in changes to her beneficial ownership of Class A Common Stock.
Summary
- On March 8, 2024, Kimberly Kelleher, Chief Commercial 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 through RSU vesting and the disposal of shares to satisfy tax withholding obligations.
- The price for shares withheld to satisfy tax obligations was $11.85.
- Following these transactions, Kelleher's direct ownership of AMC Networks Inc. Class A Common Stock changed.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
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 and transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership, which is a factor some investors consider.
Key Dates
| Date | Description |
|---|---|
| March 12, 2021 | Date of grant for 2,224 Restricted Stock Units (RSUs) under the AMC Networks Inc. 2016 Employee Stock Plan. |
| March 9, 2022 | One-third of the RSUs granted on March 12, 2021 vested and were settled. |
| March 10, 2022 | Date of grant for 3,058 Restricted Stock Units (RSUs) under the AMC Networks Inc. 2016 Employee Stock Plan. |
| March 9, 2023 | One-third of the RSUs granted on March 12, 2021 vested and were settled. One-third of the RSUs granted on March 10, 2022 vested and were settled. One-third of the RSUs granted on October 19, 2022 vested and were settled. |
| April 13, 2023 | Date of grant for 9,879 Restricted Stock Units (RSUs) under the AMC Networks Inc. 2016 Employee Stock Plan. |
| October 19, 2022 | Date of grant for 1,944 Restricted Stock Units (RSUs) under the AMC Networks Inc. 2016 Employee Stock Plan. |
| March 8, 2024 | Date of reported transactions: vesting and settlement of RSUs, and withholding of shares for tax obligations. |
| March 9, 2025 | Remaining one-third of the RSUs granted on October 19, 2022 will vest. Remaining one-third of the RSUs granted on March 10, 2022 will vest. One-third of the RSUs granted on April 13, 2023 will vest. |
| March 9, 2026 | One-third of the RSUs granted on April 13, 2023 will vest. |
| 03/12/2024 | Date of the form filing. |
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