Form 4: Lions Gate Entertainment Director John D. Harkey Jr. Increases Stake Through Stock Awards

Director John D. Harkey Jr. of Lions Gate Entertainment Corp. acquired additional shares and restricted stock units (RSUs) in the company on November 29, 2024, increasing his beneficial ownership.

Summary

• John D. Harkey Jr., a director at Lions Gate Entertainment Corp., acquired additional Class A and Class B common shares on November 29, 2024.
• The acquisitions include 3,034 Class A shares at $8.24 each and 3,392 Class B shares at $7.37 each, received as director fees.
• Harkey also received 9,102 Class A and 10,176 Class B restricted stock units (RSUs) as part of his annual director compensation.
• These RSUs are scheduled to vest on November 29, 2025, and will convert into an equal number of common shares.
• Following these transactions, Harkey's total holdings increased to 124,598 Class A shares and 26,812 Class B shares.

Sentiment

Score: 7

Explanation: The document reflects a positive sentiment as a director is increasing their stake in the company, which is generally seen as a good sign. However, it is a routine filing and not a major event.

Positives

• The acquisition of shares and RSUs by a director signals confidence in the company's future.
• The director's increased stake aligns his interests with those of other shareholders.
• The vesting of RSUs in the future could provide further incentive for the director to contribute to the company's success.

Future Outlook

The restricted stock units will vest on November 29, 2025, converting into an equal number of common shares.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It reflects a director's compensation and investment in the company.

Comparison to Industry Standards

• Director compensation often includes a mix of cash, stock, and stock options or RSUs.
• The vesting schedule of one year for the RSUs is a common practice.
• The acquisition of shares as part of director fees is also a common practice to align director interests with shareholders.

Stakeholder Impact

• The increased stake by a director may be viewed positively by shareholders.
• The vesting of RSUs could further align the director's interests with the long-term success of the company.

Next Steps

• The restricted stock units will vest on November 29, 2025.

Key Dates

Keywords

Lions Gate Entertainment, Director, John D. Harkey Jr., Stock Acquisition, Restricted Stock Units, RSUs, Beneficial Ownership, Class A Shares, Class B Shares, Director Fees, Annual Compensation