Form 4: Lions Gate Entertainment Director Acquires Shares as Part of Director Fee Compensation
SEC Form 4
John D. Harkey Jr., a director at Lions Gate Entertainment, acquired Class A and Class B common shares as part of director fees.
Summary
- On April 1, 2025, John D. Harkey Jr., a director of Lions Gate Entertainment Corp, acquired 2,897 Class A Common Shares at $8.63 per share and 3,238 Class B Common Shares at $7.72 per share.
- These shares were received as payment for director fees.
- Following the transaction, Harkey directly owns 127,495 Class A Common Shares and 30,050 Class B Common Shares.
- The Class A Common Shares include 9,102 restricted share units (RSUs) scheduled to vest on November 29, 2025.
- The Class B Common Shares include 10,176 RSUs scheduled to vest on November 29, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
Industry Context
Director share acquisitions are common and can be seen as a positive signal, indicating confidence in the company's future performance. This is a routine transaction related to director compensation.
Related Party Transactions
- The acquisition of shares by John D. Harkey Jr. as part of director fees constitutes a related party transaction.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine part of director compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: Acquisition of Class A and Class B Common Shares. |
| 04/03/2025 | Date of signature for the Form 4 filing. |
| 11/29/2025 | Vesting date for 9,102 Class A RSUs and 10,176 Class B RSUs. |
Keywords
Lions Gate Entertainment, Director, Share Acquisition, Class A Common Shares, Class B Common Shares, Director Fees, RSUs, John D. Harkey Jr.
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