IMAX CORP·4

Mar 10, 4:40 PM ET

Zlatar Jose Aleksandr 4

Research Summary

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Updated

IMAX SVP Jose Zlatar Converts RSUs; Shares Withheld for Taxes

What Happened
Jose Aleksandr Zlatar, SVP, Controller & Principal Accounting Officer of IMAX Corporation, had vested restricted stock units (RSUs) converted into common shares on March 7, 2026. A total of 2,333 shares were issued on conversion (1,000 + 1,333). IMAX withheld 1,250 of those shares to satisfy tax withholding obligations, valued at $40.80 per share (total withholding value $51,000). In addition, Mr. Zlatar was granted 2,028 RSUs in this filing.

Key Details

  • Transaction date: March 7, 2026 (reported March 10, 2026).
  • Conversions: 1,000 + 1,333 RSUs converted to common shares (total 2,333).
  • Tax withholding: 1,250 shares withheld by IMAX at $40.80/share = $51,000 (disposition for tax).
  • New grant: 2,028 RSUs awarded (derivative, $0 exercise price).
  • Holdings after transactions: 6,695 RSUs remaining and 1,083 common shares owned (per filing).
  • Footnotes: confirm these were RSU conversions (each RSU = right to one common share) and that withholding was used to satisfy tax obligations. Vesting for various RSU tranches occurs in installments (see filing footnotes for specific schedules).

Context

  • This was not an open‑market sale by the insider; the company withheld shares to cover taxes upon RSU conversion (a common net settlement approach).
  • Converting RSUs and receiving new RSU awards are routine equity‑compensation events and do not, by themselves, indicate a personal market view.
  • For investors tracking insider activity, purchases are typically more informative than routine conversions/withholdings; this filing mainly reflects standard compensation mechanics.