Form 4: Lionsgate Studios Corp. Executive Bruce Tobey Reports Changes in Beneficial Ownership
SEC Form 4
Bruce Tobey, Executive Vice President and General Counsel of Lionsgate Studios Corp., reports changes in beneficial ownership following the conversion of equity awards and grants of restricted share units.
Summary
- On May 9, 2025, Bruce Tobey, an executive at Lionsgate Studios Corp., filed a Form 4 to report changes in beneficial ownership of the company's securities.
- The changes are due to the conversion of equity awards related to the arrangement agreement dated January 29, 2025, and amended on March 12, 2025, between Lionsgate Studios Holding Corp., Lions Gate Entertainment Corp., and other entities.
- Tobey acquired 185,262 common shares at $0 as a result of the conversion.
- He also disposed of 219,779 common shares.
- The reported transactions also include restricted share units (RSUs) granted by the Issuer.
- These RSUs are scheduled to vest at various dates in the future.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation and corporate restructuring.
Industry Context
This filing is a routine disclosure related to executive compensation and corporate restructuring, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of the Arrangement Agreement between Lionsgate Studios Holding Corp., Lions Gate Entertainment Corp., and other entities. |
| March 12, 2025 | Date of the amending agreement to the Arrangement Agreement. |
| May 6, 2025 | Date of consummation of transactions contemplated by the Arrangement Agreement. |
| May 9, 2025 | Date of the reported transaction. |
| May 13, 2025 | Date of signature on the Form 4 filing. |
| July 3, 2025 | First vesting date for some of the RSUs. |
| March 27, 2026 | Vesting date for 8,707 RSUs. |
| April 9, 2026 | First vesting date for some of the RSUs. |
| July 1, 2025 | First vesting date for some of the RSUs. |
| July 3, 2026 | Second vesting date for some of the RSUs. |
| July 1, 2026 | Second vesting date for some of the RSUs. |
| April 9, 2027 | Second vesting date for some of the RSUs. |
| July 1, 2027 | Third vesting date for some of the RSUs. |
| April 9, 2028 | Third vesting date for some of the RSUs. |
Keywords
beneficial ownership, Form 4, Lionsgate Studios Corp., equity awards, restricted share units, common shares, insider trading
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