LISTER ROBERT D 4

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.