Lesinski Thomas F. 4

What Happened

• Thomas F. Lesinski, CEO of National CineMedia, received a grant/award (derivative) of 1,500,000 shares/options on February 24, 2026. The award was reported on a Form 4 filed Feb 26, 2026. The grant price is listed as $0.00, meaning no cash was paid at grant; the award is performance- and service-contingent rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (appears timely).
• Transaction type/code: A (Grant/Award — derivative).
• Shares/options granted: 1,500,000; acquisition price reported: $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote (important): The award vests only if performance and service conditions are met. Vesting occurs in three equal tranches over a three-year performance period tied to 30-day VWAP targets of $5.00, $6.00 and $7.00. For each tranche, half vests upon achievement of the metric and the other half on the first anniversary of that achievement.

Context

• This is a contingent, performance-based equity award (derivative/option-like), not an outright purchase or immediate sale; it will only convert to vested shares if market-price and service conditions are met.
• Awards like this are common for executives and do not by themselves indicate an intent to buy or sell shares in the open market.