Form 4: Lions Gate Entertainment CFO James Barge Reports Share Withholding for Tax Obligations

Chief Financial Officer of Lions Gate Entertainment, James Barge, reports the withholding of shares to cover tax obligations upon the vesting of restricted share units.

Summary

• James Barge, CFO of Lions Gate Entertainment, filed a Form 4 detailing changes in beneficial ownership.
• On July 3, 2024, 32,916 Class B Common Shares were withheld by Lions Gate to satisfy tax obligations related to the vesting of 64,948 Class B restricted share units.
• The shares were withheld at a price of $8.51 per share.
• Following the transaction, Barge beneficially owns 91,282 Class A Common Shares and 1,088,453 Class B Common Shares, which includes restricted share units scheduled to vest in the future.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document outlines the vesting schedule for restricted share units held by the CFO, indicating future potential increases in his holdings of Class B common shares.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of key executives.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted share units, are common across the entertainment industry.
• Companies like Netflix, Disney, and Paramount also utilize equity-based compensation to align executive interests with shareholder value.
• The vesting schedules and tax withholding practices are generally consistent with industry norms.

Stakeholder Impact

• Shareholders are informed about changes in the beneficial ownership of a key executive.
• The filing provides transparency regarding executive compensation practices.

Key Dates