Form 4: NCMI Executive Sells Shares Under 10b5-1 Plan
Insider Transaction Report
National CineMedia's President of Sales & Marketing, Catherine Sullivan, sold 734 shares of common stock for $4.19 per share under a pre-arranged 10b5-1 trading plan.
Summary
- Catherine Sullivan, President Sales & Marketing of National CineMedia, Inc. (NCMI), sold 734 shares of common stock.
- The transaction occurred on August 21, 2025, at a price of $4.19 per share.
- The sale was executed as an open market transaction pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2025.
- Following this transaction, Catherine Sullivan beneficially owns 23,535 shares of National CineMedia common stock.
Sentiment
Score: 5
Explanation: Neutral. This is a routine disclosure of an insider stock sale under a pre-arranged 10b5-1 plan, which is a common practice for executives to manage their stock holdings and avoid accusations of trading on inside information. It does not reflect positively or negatively on the company's operational performance or future prospects.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Catherine Sullivan granted a Power of Attorney to designated individuals (Maria Woods, Ronnie Ng, Jeremy Gibb, and Laura Anne Kenwick) to execute and file SEC Forms 3, 4, 5, and 144 on her behalf, ensuring compliance with Section 16(a) of the Exchange Act. | 2025-07-29 | Streamlines the process for timely and accurate insider trading disclosures for the reporting person, enhancing compliance efficiency. |
Stakeholder Impact
- Shareholders: Provides transparency regarding insider stock transactions, which can influence investor sentiment regarding executive confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2025-05-22 | Date 10b5-1 trading plan was adopted by Catherine Sullivan. |
| 2025-07-29 | Date Catherine Sullivan granted Power of Attorney for SEC filings. |
| 2025-08-21 | Date of common stock transaction (sale of 734 shares). |
| 2025-08-25 | Date Form 4 was signed by attorney-in-fact. |
Keywords
National CineMedia, NCMI, Catherine Sullivan, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation
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