Form 4: Lions Gate Director Emily Fine Reports Share Acquisitions and Vesting of Restricted Stock Units

Director Emily Fine of Lions Gate Entertainment Corp. reported the acquisition of Class A and Class B shares, along with the vesting of restricted stock units, on November 29, 2024.

Summary

• Emily Fine, a director at Lions Gate Entertainment Corp., reported several transactions involving the company's stock on November 29, 2024.
• These transactions include the acquisition of 3,034 Class A Voting Shares at $8.24 each and 3,392 Class B Non-Voting Shares at $7.37 each, which were granted as director fees.
• Additionally, she acquired 9,102 Class A Voting Shares and 10,176 Class B Non-Voting Shares as part of annual director compensation awards in the form of restricted share units.
• These restricted share units are scheduled to vest in one annual installment on November 29, 2025.
• Furthermore, 811 Class A Voting Shares and 861 Class B Non-Voting Shares vested on September 13, 2024, from previous restricted share unit grants.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices and does not indicate any significant positive or negative events. The sentiment is neutral to slightly positive due to the alignment of director interests with the company.

Positives

• The acquisition of shares and vesting of restricted stock units indicates continued alignment of director interests with the company's performance.
• The annual director compensation awards in the form of restricted share units incentivize long-term value creation.

Industry Context

This filing is a routine disclosure of a director's transactions in company stock, which is common practice for publicly traded companies. It reflects standard compensation practices for board members.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with restricted stock units being a common component.
• The vesting schedules for restricted stock units, such as the one-year vesting period for the annual awards, are typical in the industry.
• The share prices at which the shares were acquired are reflective of the market price at the time of the transaction.

Stakeholder Impact

• Shareholders may view the director's stock acquisitions and vesting as a positive sign of alignment with company performance.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Lions Gate Entertainment, director, Emily Fine, share acquisition, restricted stock units, Class A Voting Shares, Class B Non-Voting Shares, director fees, compensation, vesting