Form 4: Thomas Dolan Reports Changes in Beneficial Ownership of AMC Networks Inc.
SEC Form 4
Thomas Dolan, a director and member of a 13(d) group at AMC Networks Inc., reports the acquisition and disposal of restricted stock units.
Summary
- On June 12, 2024, Thomas Dolan reported changes in his beneficial ownership of AMC Networks Inc. securities.
- Dolan acquired 8,042 restricted stock units representing the right to receive Class A Common Stock.
- He also disposed of 50,284 restricted stock units.
- These transactions occurred under the AMC Networks Inc. 2011 Amended and Restated Stock Plan for Non-Employee Directors.
- The restricted stock units are fully vested on the grant date and will be settled in cash or stock 90 days after separation from service.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The restricted stock units will be settled in cash or stock on the first business day 90 days after a separation from service.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a director, which can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of the reported transaction (acquisition and disposal of restricted stock units). |
| 06/14/2024 | Date of signature for the Form 4 filing. |
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