Form 4: Lions Gate COO Brian Goldsmith Reports Share Transactions
SEC Form 4 Filing
Brian Goldsmith, COO of Lions Gate Entertainment, reports acquisition and disposal of Class A and Class B common shares related to vesting of restricted share units and tax obligations.
Summary
- Brian Goldsmith, the Chief Operating Officer of Lions Gate Entertainment Corp, filed a Form 4 detailing changes in beneficial ownership.
- On July 19, 2024, Goldsmith acquired 39,927 Class A Common Shares upon vesting of restricted share performance units.
- Also on July 19, 2024, 20,235 Class B Common Shares were withheld by the Issuer at a price of $8.09 to satisfy tax obligations related to the vesting of restricted share performance units.
- Additionally, 20,235 Class B Common Shares were withheld at a price of $8.31 to satisfy tax obligations related to the vesting of restricted share units.
- Following these transactions, Goldsmith directly owns 83,012 Class A Common Shares and 1,035,857 Class B Common Shares.
- The reported holdings include restricted share units scheduled to vest in future installments.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing share transactions by a company executive, with no inherent positive or negative sentiment.
Future Outlook
The reporting person holds restricted share units that are scheduled to vest in future installments on July 27, 2024, and July 3, 2025.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Date of earliest transaction: Acquisition of Class A Common Shares and withholding of Class B Common Shares for tax obligations. |
| 07/22/2024 | Date of signature on the Form 4 filing. |
| 07/27/2024 | Scheduled vesting date for 112,946 restricted share units in two equal annual installments. |
| 07/03/2025 | Scheduled vesting date for 139,888 restricted share units in two equal annual installments. |
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