HILL JULIANA F 4

What Happened

• Juliana F. Hill, a director of National CineMedia, Inc. (NCMI), was granted 32,346 restricted stock units (RSUs) on May 7, 2026. The award is reported as an acquisition of a derivative security at $0.00 (code A on the Form 4). The RSUs represent the right to receive one share of NCMI common stock per unit and have no immediate cash price; their eventual value depends on NCMI’s stock price when converted to shares.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026.
• Grant size and price: 32,346 RSUs granted at $0.00 (derivative award).
• Vesting: The RSUs are scheduled to vest on May 7, 2027, provided Hill remains a director on that date; vested RSUs will convert to common shares and be delivered as soon as practicable (see footnotes F1–F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 filed May 11, 2026 (filing date shown on accession); the filing lists the May 7, 2026 grant.
• Transaction type: Award/grant of derivative securities (RSUs), not an open-market purchase or sale.

Context

• RSU grants are a common form of equity compensation for directors and typically serve as retention and alignment incentives. They do not represent immediately tradable shares until they vest and convert.
• Because this is a grant (not a sale), it does not by itself indicate a buy/sell signal; value to the insider will be realized only if and when the RSUs vest and are converted to shares.