Form 4: Lions Gate Entertainment Corp: General Counsel Bruce Tobey Reports Stock Award
SEC Form 4 Filing
Bruce Tobey, General Counsel of Lions Gate Entertainment Corp, reports the acquisition of 69,584 Class A Common Shares and holdings of 157,296 Class B Common Shares.
Summary
- Bruce Tobey, the General Counsel of Lions Gate Entertainment Corp, filed a Form 4 on August 2, 2024.
- The report details changes in beneficial ownership of the company's securities.
- Tobey acquired 69,584 Class A Common Shares on August 1, 2024, at no cost.
- These shares represent annual equity awards granted as part of his employment agreement.
- Following the transaction, Tobey beneficially owns 157,296 Class B Common Shares.
- This amount includes restricted share units that are scheduled to vest in equal annual installments beginning on March 27, 2025, July 3, 2025, and July 1, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of shares by an executive is generally viewed as a slightly positive sign.
Positives
- The acquisition of shares by a company officer can be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the entertainment industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: Acquisition of Class A Common Shares. |
| 08/02/2024 | Date of 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. |
| 07/01/2025 | First vesting date for 69,584 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.