AMCX.NASDAQAmc Networks INC

Form 4: AMC Networks Executive Michael J. Sherin III Reports Stock Transactions

Sentiment:

SEC Form 4

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EVP & Chief Accounting Officer of AMC Networks, Michael J. Sherin III, reports transactions involving restricted stock units.

Summary

  • Michael J. Sherin III, EVP & Chief Accounting Officer of AMC Networks, filed a Form 4 detailing changes in beneficial ownership.
  • The transactions involve the vesting and settlement of restricted stock units (RSUs) granted under the AMC Networks Inc. 2016 Employee Stock Plan.
  • On March 7, 2025, 4,628 RSUs vested and were settled, resulting in the acquisition of 4,628 shares of Class A Common Stock.
  • Additionally, 4,375 RSUs vested and were settled on the same date, resulting in the acquisition of 4,375 shares of Class A Common Stock.
  • A portion of the vested RSUs (1,554 and 1,486 respectively) were withheld to satisfy tax withholding obligations.
  • Following these transactions, Sherin directly owns 5,963 shares of AMC Networks Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The remaining RSUs will continue to vest on March 9, 2026 and March 9, 2027.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies.

Stakeholder Impact

  • The vesting of RSUs may have a minor dilutive effect on existing shareholders.

Key Dates

DateDescription
October 24, 2023Date of grant for 4,628 Restricted Stock Units.
March 8, 2024One-third of the RSUs granted on October 24, 2023 vested and were settled.
March 12, 2024Date of grant for 4,375 Restricted Stock Units.
March 7, 2025Vesting and settlement date for RSUs granted on October 24, 2023 and March 12, 2024.
March 9, 2026Remaining one-third of the RSUs granted on October 24, 2023 will vest.
March 9, 2026One-third of the RSUs granted on March 12, 2024 will vest.
March 9, 2027Remaining one-third of the RSUs granted on March 12, 2024 will vest.
March 11, 2025Date of signature for the Form 4 filing.

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