Richard L. Gelfond - Mar 7, 2024 Form 4 Insider Report for IMAX CORP (IMAX)

Role
Chief Executive Officer, Director
Signature
/s/ Richard L. Gelfond
Stock symbol
IMAX
Transactions as of
Mar 7, 2024
Transactions value $
-$1,524,214
Form type
4
Date filed
3/11/2024, 04:30 PM
Previous filing
Jan 4, 2024
Next filing
Aug 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Award $0 +164K +35.49% $0.00 626K Mar 7, 2024 Direct F1
transaction IMAX common shares Tax liability -$1.52M -90.7K -14.49% $16.80 536K Mar 7, 2024 Direct F2, F3
holding IMAX common shares (opening balance) 462K Mar 7, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of vested performance stock units into common shares granted by the Company on January 4, 2021. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three-year performance period.
F2 Mr. Gelfond is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligation in connection with the delivery of common shares upon conversion of the performance stock units.
F3 This represents the number of common shares for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 2,286,320, 360,018 and 535,609, respectively.