Form 4: IMAX SVP, Finance & Controller Elizabeth Gitajn Reports Share Transactions

Elizabeth Gitajn, SVP, Finance & Controller at IMAX Corporation, reports the vesting and conversion of restricted share units into common shares, along with the withholding of shares to cover tax obligations.

Summary

• On March 7, 2024, Elizabeth Gitajn, SVP, Finance & Controller at IMAX Corporation, reported transactions involving IMAX common shares.
• 1,787 restricted share units vested and were converted into common shares at a price of $0.00.
• IMAX Corporation withheld 1,008 common shares at $16.8 to satisfy tax withholding obligations related to the vesting of the restricted share units.
• Following these transactions, Ms. Gitajn directly owns 779 common shares and 6,668 restricted share units from this transaction.
• Ms. Gitajn's aggregate remaining outstanding restricted share unit and common share balances following these transactions will be 10,242 and 779, respectively.
• 2,222 restricted share units vest on March 7, 2025 and 2,223 on each of March 7, 2026 and March 7, 2027.

Sentiment

Score: 5

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

Future Outlook

The restricted share units vest and will be converted to common shares in three installments: 2,222 on March 7, 2025 and 2,223 on each of March 7, 2026 and March 7, 2027.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the issuance of shares related to existing compensation plans.

Key Dates