Form 4: Lions Gate Entertainment Corp: Director Yvette Ostolaza Reports Beneficial Ownership Changes
SEC Filing Form 4
Director Yvette Ostolaza reports changes in beneficial ownership of Lions Gate Entertainment Corp shares, including restricted share units (RSUs) vesting in Class A and Class B common shares.
Summary
- Yvette Ostolaza, a director of Lions Gate Entertainment Corp, filed a Form 4 with the SEC detailing changes in her beneficial ownership of the company's securities.
- The report indicates direct ownership of 39,621 Class A Common Shares and 33,024 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 scheduled 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 are scheduled to 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.
Future Outlook
The document indicates future vesting of RSUs, suggesting continued equity-based compensation for the director.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of earliest transaction reported |
| 11/28/2024 | Vesting date for 8,455 Class A RSUs and 8,971 Class B RSUs |
| 09/13/2025 | Vesting date for 811 Class A RSUs and 861 Class B RSUs |
| 09/16/2024 | Date of report submission |
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