Form 4: Lions Gate Entertainment Corp: Director Daryl Simm Reports Beneficial Ownership

Director Daryl Simm reports changes in beneficial ownership of Lions Gate Entertainment Corp Class A and Class B common shares, including restricted share units (RSUs) scheduled to vest in the near future.

Summary

• Daryl Simm, a director of Lions Gate Entertainment Corp, filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's securities.
• The report indicates direct ownership of 68,333 Class A Common Shares and 70,494 Class B Common Shares.
• These amounts include restricted share units (RSUs) that are scheduled to vest in the future.
• Specifically, 811 Class A RSUs are set to vest on September 13, 2025, and 8,455 Class A RSUs are scheduled to vest on November 28, 2024.
• Additionally, 861 Class B RSUs will vest on September 13, 2025, and 8,971 Class B RSUs are scheduled to vest on November 28, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to investors regarding the ownership positions of key individuals within Lions Gate Entertainment Corp.

Stakeholder Impact

• Shareholders are informed about the ownership stake of a key director.
• This information contributes to overall transparency and corporate governance.

Key Dates