Form 4: Lions Gate Entertainment Corp: General Counsel Bruce Tobey Reports Share Disposal for Tax Obligations

Bruce Tobey, General Counsel of Lions Gate Entertainment Corp, reports the disposal of 4,487 Class B Common Shares to cover tax obligations related to vesting restricted share units.

Summary

• On March 27, 2025, Bruce Tobey, General Counsel of Lions Gate Entertainment Corp, disposed of 4,487 Class B Common Shares.
• The shares were withheld by the issuer to satisfy tax obligations upon the vesting of 8,837 Class B restricted share units.
• The transaction was executed at a price of $7.85 per share.
• Following the transaction, Tobey beneficially owns 152,809 Class B Common Shares, including restricted share units scheduled to vest in the future.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, as it's a factual report of share disposal for tax purposes.

Future Outlook

The document outlines future vesting schedules for restricted share units held by Bruce Tobey, indicating potential future ownership of Class B common shares.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency regarding the ownership of company shares by its officers.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares by an officer to cover tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Lions Gate Entertainment, Bruce Tobey, Share Disposal, Tax Obligations, Restricted Share Units, LGF.B