IMAX CORP·4

Mar 10, 4:35 PM ET

Fischer Jonathan 4

Research Summary

AI-generated summary

Updated

IMAX CCO Jonathan Fischer Converts RSUs; Shares Withheld for Taxes

What Happened

  • Jonathan Fischer, Chief Content Officer of IMAX Corporation, had restricted share units (RSUs) convert/vest on March 7, 2026. The filing shows RSU-related activity: conversion/exercise of RSUs, an award entry, and the company withholding shares to pay taxes.
  • Specifics: 5,333 RSUs were converted into common shares (reported as exercise/conversion). IMAX withheld 1,914 common shares at $40.80/share to satisfy tax withholding obligations (total withheld value = $78,091). The filing also records 10,821 RSUs in an award/derivative line. No open-market purchase or sale by the insider is shown—this is vesting/conversion and tax withholding.

Key Details

  • Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
  • Transaction types (SEC codes): M = exercise/conversion of derivative (RSU conversion); F = tax withholding; A = grant/award (RSU).
  • Withholding: 1,914 shares withheld at $40.80 each → $78,091 to cover taxes.
  • Reported share balances after the transactions: 3,419 common shares and 21,488 remaining restricted share units.
  • Relevant footnotes: conversion of vested RSUs into common shares; each RSU represents a contingent right to one common share; company withheld shares to meet tax obligations. Vesting schedule details are noted in the filing for remaining RSUs.
  • Filing timeliness: Form 4 was filed March 10, 2026 (the report covers the March 7, 2026 transactions).

Context

  • These entries reflect standard RSU vesting/conversion and employer tax withholding (a non‑market transaction). This is not an open-market sale or purchase by the insider, so it should be interpreted as administrative/compensation-related rather than a buy/sell signal.