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IMAX CORP·4

Mar 10, 4:20 PM ET

Weissman Kenneth Ian 4

4 · IMAX CORP · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated

IMAX Deputy GC Kenneth Weissman Exercises RSUs; Shares Withheld

What Happened

  • Kenneth Ian Weissman, Deputy General Counsel, Corporate Secretary & Chief Compliance Officer of IMAX (IMAX), had multiple restricted share units (RSUs) and performance stock units (PSUs) convert to common shares on March 7, 2026. Gross conversions/awards reported: 3,619 + 4,001 + 1,800 (exercises/conversions) plus grants/awards of 6,333 and 3,652 — totaling 19,405 shares credited before withholding.
  • To satisfy tax withholding obligations, IMAX withheld 3,397 shares (disposed) at $40.80 each ($138,598) and 2,284 shares (disposed) at $40.80 each ($93,187), for a total withholding of 5,681 shares and $231,785. These withholdings are reported as “F” transactions (payment of tax liability). This was not an open-market sale but a net share settlement related to vested awards.

Key Details

  • Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
  • Reported prices: acquired shares reported at $0.00 (awards/conversions); withheld shares reported at $40.80 each. Total tax withholding value: $231,785.
  • Shares owned after transactions: 36,205 common shares and 11,253 remaining RSUs (per filing footnote).
  • Relevant footnotes: conversions upon vesting (F1, F3); company withholding to satisfy tax obligations (F2, F4); vesting schedules for various RSU tranches (F7–F10); remaining balances after these transactions (F11).
  • Transaction codes: M = exercise/conversion of derivative (RSU/PSU conversion), A = grant/award, F = payment for tax withholding. These were award conversions with withholding, not open-market buys or discretionary sales.

Context

  • This was effectively a net settlement of vested compensation: RSUs/PSUs converted to common shares and a portion withheld by the company to cover taxes (a common administrative practice). That withholding is functionally a cashless settlement and should not be read as an investment "sale" signal.
  • For retail investors, outright purchases by insiders typically carry more weight as bullish signals. Conversions and company-withheld shares reflect compensation vesting and tax obligations rather than a change in insider conviction.

Insider Transaction Report

Form 4
Period: 2026-03-07
IMAX CORPIMAX
Weissman Kenneth Ian
Deputy GC, Corp. Sec. & CCO
Transactions
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+3,619→ 29,752 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+4,001→ 33,753 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+1,800→ 35,553 total
  • Tax Payment

    common shares

    [F2]
    2026-03-07$40.80/sh−3,397$138,598→ 32,156 total
  • Award

    common shares

    [F3]
    2026-03-07+6,333→ 38,489 total
  • Tax Payment

    common shares

    [F4]
    2026-03-07$40.80/sh−2,284$93,187→ 36,205 total
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F7][F11]
    2026-03-07−3,619→ 0 total
    Exercise: $0.00→ common shares (3,619 underlying)
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F8][F11]
    2026-03-07−4,001→ 4,001 total
    Exercise: $0.00→ common shares (4,001 underlying)
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F9][F11]
    2026-03-07−1,800→ 3,600 total
    Exercise: $0.00→ common shares (1,800 underlying)
  • Award

    restricted share units

    [F5][F6][F10][F11]
    2026-03-07+3,652→ 3,652 total
    Exercise: $0.00→ common shares (3,652 underlying)
Holdings

  • common shares (opening balance)

    26,133
Footnotes (11)
  • [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: 1,217 on each of March 7, 2027 and March 7, 2028 and 1,218 on March 7, 2029.
  • [F11]This represents the number of restricted share units for this transaction only. Mr. Weissman's aggregate remaining restricted share unit and common share balances following these transactions will be 11,253 and 36,205, respectively.
  • [F2]Mr. Weissman 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. Weissman 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.
  • [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 equal installments: 3,619 on each of March 7, 2024, March 7, 2025 and March 7, 2026.
  • [F8]The restricted share units vest and will be converted to common shares in three equal installments: 4,001 on each of March 7, 2025, March 7, 2026 and March 7, 2027.
  • [F9]The restricted share units vest and will be converted to common shares in three equal installments: 1,800 on each of March 7, 2026, March 7, 2027 and March 7, 2028.
Signature
Kenneth Ian Weissman|2026-03-10

Documents

1 file
  • 4
    marketforms-71173.xmlPrimary

    PRIMARY DOCUMENT