Form 4: Lions Gate Entertainment CFO James W. Barge Reports Acquisition of Shares

James W. Barge, CFO of Lions Gate Entertainment, reports the acquisition of Class A Common Shares and restricted share units.

Summary

• On August 2, 2024, James W. Barge, the Chief Financial Officer of Lions Gate Entertainment Corp, filed a Form 4.
• The report details changes in his beneficial ownership of the company's securities.
• Barge acquired 200,724 Class A Common Shares.
• He directly owns 91,282 Class A Common Shares.
• Following the reported transactions, Barge beneficially owns 292,006 Class A Common Shares.
• This amount includes restricted share units that will vest into Class B common shares.
• 60,507 restricted share units are scheduled to vest on July 27, 2025.
• 129,896 restricted share units are scheduled to vest in two equal annual installments beginning July 3, 2025.
• 200,724 restricted share units are scheduled to vest in three equal annual installments beginning July 1, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and stock ownership.

Positives

• The acquisition of shares by a key executive could be seen as a positive signal about the executive's confidence in the company's future prospects.

Future Outlook

The vesting schedule of the restricted share units indicates a multi-year incentive plan for the CFO.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The increased stake of the CFO in the company may align his interests more closely with those of shareholders.

Key Dates