Zlatar Jose Aleksandr 4
Research Summary
AI-generated summary
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.