IMAX.NYSEImax CORP

Form 4: IMAX Executive Michele Golden Reports Share Transactions

Sentiment:

SEC Form 4

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Michele Golden, Chief People Officer & EVP of IMAX Corp, reports the vesting and conversion of restricted share units into common shares, along with share withholding for tax obligations.

Summary

  • Michele Golden, Chief People Officer & EVP of IMAX Corp, reported transactions involving IMAX common shares on March 7, 2025.
  • These transactions involved the vesting and conversion of restricted share units (RSUs) into common shares.
  • Specifically, 9,383 RSUs and 10,373 RSUs were converted into common shares.
  • Golden also reported the withholding of 8,138 common shares by IMAX to satisfy tax obligations related to the RSU conversion at a price of $25.26.
  • Following these transactions, Golden directly owns 16,975 common shares and holds 44,131 restricted share units.
  • The RSUs vest in installments over several years.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation.

Stakeholder Impact

  • The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares from RSU conversion.

Key Dates

DateDescription
03/07/2024Initial vesting date for some of the restricted share units.
03/07/2025Date of the reported transactions: conversion of RSUs to common shares and tax withholding.
03/07/2026Future vesting date for some of the restricted share units.
03/07/2027Future vesting date for some of the restricted share units.
03/07/2028Future vesting date for some of the restricted share units.
03/11/2025Date of the form filing.

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