Brian Goldsmith - 15 Jul 2024 Form 4 Insider Report for LIONS GATE ENTERTAINMENT CORP /CN/ (STRZ)

Signature
Brian Goldsmith (By Adrian Kuzycz by Power of Attorney)
Issuer symbol
STRZ
Transactions as of
15 Jul 2024
Net transactions value
-$295,991
Form type
4
Filing time
17 Jul 2024, 16:10:34 UTC
Previous filing
05 Jul 2024
Next filing
22 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LGF.B Class B Common Shares Award $0 +69,944 +7% $0.000000 1,071,848 15 Jul 2024 Direct F1, F2
transaction LGF.B Class B Common Shares Tax liability $295,991 -35,448 -3.3% $8.35 1,036,400 15 Jul 2024 Direct F2, F3
holding LGF.B Class A Common Shares 83,012 15 Jul 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common shares issued upon vesting of restricted share performance units granted pursuant to the terms of an employment agreement with the reporting person.
F2 Amount includes the following restricted share units granted by the Issuer, payable upon vesting in an equal number of Class B common shares of the Issuer: (i) 39,927 restricted share units that are scheduled to vest on July 19, 2024; (ii) 112,946 restricted share units that are scheduled to vest in two equal annual installments beginning July 27, 2024; and (iii) 139,888 restricted share units that are scheduled to vest in two equal annual installments beginning July 3, 2025.
F3 Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 69,944 Class B restricted share performance units. The grant of the units is reported herein and, pursuant to the Lions Gate Entertainment Corp. 2023 Performance Incentive Plan and the Issuer's policies, 35,448 Class B shares were automatically canceled to cover certain of the reporting person's tax obligations.