Form 4: Lions Gate Entertainment Corp: Director Mignon L Clyburn Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Mignon L Clyburn reports changes in beneficial ownership of Lions Gate Entertainment Corp shares, including restricted share units (RSUs) vesting in the near future.
Summary
- On September 16, 2024, Mignon L Clyburn, a director of Lions Gate Entertainment Corp, filed a Form 4 with the SEC reporting changes in beneficial ownership.
- The report details ownership of Class A and Class B common shares, including restricted share units (RSUs) that are scheduled to vest.
- Clyburn directly owns 23,025 Class A Common Shares and 24,670 Class B Common Shares.
- These amounts include RSUs that will vest on November 28, 2024 (8,455 Class A and 8,971 Class B) and September 13, 2025 (811 Class A and 861 Class B).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating a neutral sentiment. It reports changes in beneficial ownership, which is a routine process.
Industry Context
This filing is a routine disclosure related to insider ownership and compensation practices, common in publicly traded companies like Lions Gate Entertainment.
Stakeholder Impact
- The vesting of RSUs may slightly increase the number of outstanding shares, potentially diluting existing shareholders' ownership.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of Earliest Transaction |
| 09/13/2025 | RSUs vest (811 Class A, 861 Class B) |
| 11/28/2024 | RSUs vest (8,455 Class A, 8,971 Class B) |
| 09/16/2024 | Date of Form 4 filing |
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