Tobey Bruce sold LGF.B
March 27, 2024 · Form 4 insider transaction
Tobey Bruce sold 4,479 shares of Lions gate Entertainment Corporation at $8.75 per share, a transaction worth $39.2K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 8,837 Class B restricted share units. The grant of the units was previously reported and, pursuant to the Lions Gate Entertainment Corp. 2023 Performance Incentive Plan and the Issuer's policies, 4,479 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) 17,674 restricted share units that are scheduled to vest in two equal annual installments beginning March 27, 2025; and (ii) 59,952 restricted share units that are scheduled to vest in three equal annual installments beginning July 3, 2024.