Form 4: Lions Gate Entertainment Corp: General Counsel Bruce Tobey Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Bruce Tobey, General Counsel of Lions Gate Entertainment Corp, reports the disposal of shares to cover tax obligations upon vesting of restricted share units.
Summary
- On July 6, 2024, Bruce Tobey, General Counsel of Lions Gate Entertainment Corp, reported a transaction involving Class B Common Shares.
- Tobey disposed of 6,165 shares at a price of $8.46 to cover tax withholding obligations related to the vesting of restricted share units.
- Following the transaction, Tobey beneficially owns 77,856 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 related to stock transactions for tax purposes, indicating a neutral sentiment.
Future Outlook
Tobey holds restricted share units that are scheduled to vest in equal annual installments beginning March 27, 2025, and July 3, 2025.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is related to an individual executive's tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/06/2024 | Date of transaction: disposal of shares to cover tax obligations. |
| 07/08/2024 | Date of signature on the Form 4 filing. |
| 03/27/2025 | First vesting date for 17,674 restricted share units. |
| 07/03/2025 | First vesting date for 39,968 restricted share units. |
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.