Form 4: Lions Gate Entertainment COO Brian Goldsmith Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Brian Goldsmith, COO of Lions Gate Entertainment, reports the disposal of shares to cover tax obligations related to vesting restricted share units.
Summary
- Brian Goldsmith, the Chief Operating Officer of Lions Gate Entertainment Corp., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On July 3, 2024, Goldsmith disposed of 35,448 Class B Common Shares at a price of $8.51 per share to satisfy tax withholding obligations upon the vesting of 69,944 Class B restricted share units.
- Following the transaction, Goldsmith beneficially owns 83,012 Class A Common Shares and 1,001,904 Class B Common Shares, which includes restricted share units scheduled to vest in the future.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document outlines future vesting dates for restricted share units held by Brian Goldsmith, indicating continued equity-based compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the entertainment industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of the transaction where 35,448 Class B Common Shares were disposed of. |
| 07/03/2024 | Vesting start date for 139,888 restricted share units in two equal annual installments. |
| 07/05/2024 | Date of signature on the Form 4 filing. |
| 07/19/2024 | Scheduled vesting date for 39,927 restricted share units. |
| 07/27/2024 | Vesting start date for 112,946 restricted share units in two equal annual installments. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.