LISTER ROBERT D 4

4 · IMAX CORP · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated Mar 10, 2026

IMAX Chief Legal Officer Robert Lister Exercises RSUs; Shares Withheld

What Happened

Robert D. Lister, Chief Legal & Senior Executive Vice President of IMAX Corporation, had multiple restricted share units (RSUs) and performance stock units (PSUs) convert into common shares on March 7, 2026. In total he acquired 116,226 shares through conversion/vesting events and related derivative conversions.
To satisfy tax withholding obligations, IMAX withheld 51,159 of those shares at $40.80 per share, resulting in withheld value of about $2,087,288 (two separate withholding entries of 19,567 shares = $798,334 and 31,592 shares = $1,288,954). After withholding, Mr. Lister’s common share balance is reported as 204,875 and his remaining RSU balance is 53,272.

Key Details

Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
Withholding price used: $40.80 per share; total withheld shares: 51,159; total withholding value ≈ $2.09M.
Shares acquired via conversion/vesting (aggregate shown on the filing): 116,226 shares (mix of RSUs and PSUs; some entries reflect conversion of derivative units).
Shares held after transactions: 204,875 common shares; remaining restricted share units: 53,272 (per footnote F12).
Notable footnotes:
- Withholding by IMAX to satisfy tax obligations (F2, F5).
- Conversions include performance-based PSUs tied to EBITDA and TSR metrics from grants on March 7, 2023 (F3, F4).
- Several RSU vesting schedules are noted (installments across 2026–2029 per F8–F11).
- Each RSU represents a contingent right to one common share (F6, F7).
Transaction codes in filing: M = exercise/conversion of derivative (vesting conversion), A = grant/award (conversion), F = payment/tax withholding.

Context

This was not an open-market sale for investment purposes; it was the routine conversion of vested equity awards with shares withheld to cover tax liabilities (a cashless withholding). Such withholding is common after vesting and does not necessarily signal intent to buy or sell further stock.

Insider Transaction Report

Form 4

Period: 2026-03-07

IMAX CORPIMAX

LISTER ROBERT D

Chief Legal & Sr Exec VP

Transactions

Exercise/Conversion
common shares
[F1]
2026-03-07+12,959→ 172,380 total
Exercise/Conversion
common shares
[F1]
2026-03-07+14,325→ 186,705 total
Exercise/Conversion
common shares
[F1]
2026-03-07+9,666→ 196,371 total
Tax Payment
common shares
[F2]
2026-03-07$40.80/sh−19,567$798,334→ 176,804 total
Award
common shares
[F3]
2026-03-07+40,817→ 217,621 total
Award
common shares
[F4]
2026-03-07+18,846→ 236,467 total
Tax Payment
common shares
[F5]
2026-03-07$40.80/sh−31,592$1,288,954→ 204,875 total
Exercise/Conversion
restricted share units
[F6][F7][F1][F8][F12]
2026-03-07−12,959→ 0 total
Exercise: $0.00→ common shares (12,959 underlying)
Exercise/Conversion
restricted share units
[F6][F7][F1][F9][F12]
2026-03-07−14,325→ 14,325 total
Exercise: $0.00→ common shares (14,325 underlying)
Exercise/Conversion
restricted share units
[F6][F7][F1][F10][F12]
2026-03-07−9,666→ 19,334 total
Exercise: $0.00→ common shares (9,666 underlying)
Award
restricted share units
[F6][F7][F11][F12]
2026-03-07+19,613→ 19,613 total
Exercise: $0.00→ common shares (19,613 underlying)

Holdings

common shares (opening balance)
159,421

Footnotes (12)

[F1]Represents the conversion upon vesting of restricted share units into common shares.
[F10]The restricted share units vest and will be converted to common shares in three installments: 9,666 on each of March 7, 2026 and March 7, 2027 and 9,668 March 7, 2028.
[F11]The restricted share units vest and will be converted to common shares in three installments: 6,537 on each of March 7, 2027 and March 7, 2028 and 6,539 on March 7, 2029.
[F12]This represents the number of restricted share units for this transaction only. Mr. Lister's aggregate remaining restricted share unit and common share balances following these transactions will be 53,272 and 204,875, respectively.
[F2]Mr. Lister is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transactions.
[F3]Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2023. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.
[F4]Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2023. The shares earned are based on the level of achievement on the TSR performance conditions over the three year performance period.
[F5]Mr. Lister is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the performance stock unit transactions.
[F6]Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
[F7]Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
[F8]The restricted share units vest and will be converted to common shares in three installments: 12,957 on each of March 7, 2024 and March 7, 2025 and 12,959 March 7, 2026.
[F9]The restricted share units vest and will be converted to common shares in three equal installments: 14,325 on each of March 7, 2025, March 7, 2026 and March 7, 2027.

Signature

/s/ Kenneth I. Weissman (attorney-in-fact for Robert D. Lister)|2026-03-10

Documents

1 file

4
marketforms-72100.xmlPrimary
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