Form 4: Lions Gate Entertainment Director Daryl Simm Reports Share Transactions and RSU Awards

Director Daryl Simm of Lions Gate Entertainment Corp. reports acquiring shares and restricted stock units (RSUs) as part of director compensation and fees.

Summary

• Daryl Simm, a director at Lions Gate Entertainment Corp., reported several transactions involving the company's Class A and Class B common shares.
• On November 29, 2024, Simm acquired 1,972 Class A common shares at $8.24 per share and 2,205 Class B common shares at $7.37 per share as payment for director fees.
• Additionally, Simm received 9,102 Class A and 10,176 Class B common shares in the form of restricted stock units (RSUs) as part of annual director compensation.
• These RSUs are scheduled to vest on November 29, 2025.
• Simm also holds existing RSUs that are scheduled to vest on September 13, 2025, which include 811 Class A RSUs and 861 Class B RSUs.
• Following these transactions, Simm's total holdings include 70,305 Class A common shares, 82,875 Class B common shares, and various RSUs.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions and compensation practices, which are generally neutral to positive. The acquisition of shares and RSUs indicates alignment of director interests with the company.

Positives

• The acquisition of shares and RSUs indicates continued alignment of director interests with the company's performance.
• The vesting schedule of the RSUs provides a long-term incentive for the director.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It reflects standard practices for director compensation.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock, and restricted stock units (RSUs).
• The vesting schedules for RSUs are typical, designed to align director interests with long-term company performance.
• The share prices at which the shares were acquired are reflective of the market price at the time of the transaction.
• Companies like Paramount Global (PARA) and Warner Bros. Discovery (WBD) also use similar compensation structures for their directors.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they align director interests with the company's performance.
• The vesting schedule of the RSUs provides a long-term incentive for the director.

Key Dates

Keywords

Lions Gate Entertainment, Daryl Simm, Director, SEC Form 4, Share Transactions, Restricted Stock Units, RSUs, Director Compensation, Class A Common Shares, Class B Common Shares