May 20, 2024 · Form 4 insider transaction
BARGE JAMES W sold 21,589 shares of Lions gate Entertainment Corporation at $9.82 per share, a transaction worth $212.0K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 60,507 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, 21,589 Class B shares were automatically canceled to cover certain of the reporting person's tax obligations.; 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) 42,779 restricted share units that are scheduled to vest on July 19, 2024; (ii) 121,014 restricted share units that are scheduled to vest in two equal annual installments beginning July 27, 2024; and (iii) 194,844 restricted share units that are scheduled to vest in three equal annual installments beginning July 3, 2024.