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IMAX CORP·4

Mar 10, 4:15 PM ET

Dolci Giovanni M. 4

4 · IMAX CORP · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated

IMAX CCO Giovanni Dolci Exercises/Receives Shares

What Happened

  • Giovanni M. Dolci, Chief Commercial Officer & EVP of IMAX (IMAX), reported multiple conversions/awards on March 7, 2026. The filing shows conversions/exercises of derivative awards (listed as M) of 2,682, 4,445 and 3,333 shares and awards/grants (A) of 4,690, 6,763 and 4,057 units. To satisfy tax withholding obligations (F), IMAX withheld 4,918 and 2,205 shares (total 7,123 shares) at $40.80 each, totaling approximately $290,618. After these transactions Mr. Dolci’s aggregate balances are 21,934 restricted share units and 41,027 common shares.

Key Details

  • Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
  • Withholding price: $40.80 per share; withheld shares = 4,918 (≈$200,654) and 2,205 (≈$89,964); total ≈$290,618.
  • Shares reported converted/exercised: 2,682 / 4,445 / 3,333 (M entries) and awards of 4,690 / 6,763 / 4,057 (A entries) as shown in the filing.
  • Holdings after transaction: 21,934 restricted share units; 41,027 common shares (per footnote F12).
  • Notable footnotes: conversions include vested restricted share units and performance stock units (F1, F3). Several RSU/PSU awards have scheduled future vesting installments (see F7–F11). Withholding by IMAX satisfied tax obligations (F2, F4).
  • Transaction codes: M = option/derivative conversion, A = award/grant, F = tax withholding. No late-filing flag was indicated in the filing itself.

Context

  • This was effectively a cashless settlement of vested equity (shares issued on conversion/vesting with a portion withheld to pay taxes). Performance stock units converted were tied to prior performance periods (footnote F3 describes EBITDA-based PSU vesting). These types of internal conversions/withholdings are common and generally administrative rather than open-market sales or purchases.

Insider Transaction Report

Form 4
Period: 2026-03-07
IMAX CORPIMAX
Dolci Giovanni M.
Chief Commercial Officer & EVP
Transactions
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+2,682→ 35,682 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+4,445→ 40,127 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+3,333→ 43,460 total
  • Tax Payment

    common shares

    [F2]
    2026-03-07$40.80/sh−4,918$200,654→ 38,542 total
  • Award

    common shares

    [F3]
    2026-03-07+4,690→ 43,232 total
  • Tax Payment

    common shares

    [F4]
    2026-03-07$40.80/sh−2,205$89,964→ 41,027 total
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F7][F12]
    2026-03-07−2,682→ 0 total
    Exercise: $0.00→ common shares (2,682 underlying)
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F8][F12]
    2026-03-07−4,445→ 4,447 total
    Exercise: $0.00→ common shares (4,445 underlying)
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F9][F12]
    2026-03-07−3,333→ 6,667 total
    Exercise: $0.00→ common shares (3,333 underlying)
  • Award

    restricted share units

    [F5][F6][F10][F12]
    2026-03-07+6,763→ 6,763 total
    Exercise: $0.00→ common shares (6,763 underlying)
  • Award

    restricted share units

    [F5][F6][F11][F12]
    2026-03-07+4,057→ 4,057 total
    Exercise: $0.00→ common shares (4,057 underlying)
Holdings

  • common shares (opening balance)

    33,000
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: 2,254 on each of March 7, 2027 and March 7, 2028 and 2,255 on March 7, 2029.
  • [F11]The restricted share units vest and will be converted to common shares in two installments: 2,028 on March 7, 2027 and 2,029 on March 7, 2028.
  • [F12]This represents the number of restricted share units for this transaction only. Mr. Dolci's aggregate remaining restricted share unit and common share balances following these transactions will be 21,934 and 41,027 respectively.
  • [F2]Mr. Dolci 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]Mr. Dolci 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 share unit transactions.
  • [F5]Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
  • [F6]Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
  • [F7]The restricted share units vest and will be converted to common shares in three installments: 2,680 on each of March 7, 2024 and March 7, 2025 and 2,682 on March 7, 2026.
  • [F8]The restricted share units vest and will be converted to common shares in three installments: 4,445 on each of March 7, 2025 and March 7, 2026 and 4,447 on March 7, 2027.
  • [F9]The restricted share units vest and will be converted to common shares in three installments: 3,333 on each of March 7, 2026 and March 7, 2027 and 3,334 on March 7, 2028.
Signature
/s/ Kenneth I. Weissman (attorney-in-fact for Giovanni M. Dolci)|2026-03-10

Documents

1 file
  • 4
    marketforms-71039.xmlPrimary

    PRIMARY DOCUMENT