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IMAX CORP·4

Mar 10, 4:45 PM ET

PABLO CALAMERA 4

4 · IMAX CORP · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

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IMAX CTO Pablo Calamera Exercises RSUs; Shares Withheld for Taxes

What Happened
Pablo Calamera, CTO & EVP of IMAX Corporation, converted multiple vested restricted share units (RSUs) and performance stock units (PSUs) into common shares on March 7, 2026. The filing shows several derivative conversions/awards totaling newly issued shares, and IMAX withheld 15,733 common shares to satisfy tax withholding obligations at $40.80 per share, resulting in cash value withheld of $410,489 (10,061 shares) and $231,418 (5,672 shares) — about $641,907 in total. Some of the converted awards were PSUs from a March 7, 2023 grant that vested based on EBITDA performance.

Key Details

  • Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
  • Withheld shares for taxes: 15,733 shares at $40.80 per share — $410,489 (10,061 shares) and $231,418 (5,672 shares).
  • Conversion/exercise entries (derivative conversions, code M) and award/acquisition entries (code A) reflect RSU/PSU vesting and conversion to common stock.
  • Remaining holdings after these transactions: 20,840 outstanding restricted share units and 58,012 common shares (per footnote).
  • Notable footnotes: conversions upon vesting (F1), PSUs tied to EBITDA performance from the 2023 grant (F3), and company withholding of shares to satisfy tax obligations (F2, F4).
  • Transaction codes: M = exercise/conversion of derivative; A = grant/award; F = withholding/payment for taxes. This was a company withholding to cover taxes, not an open-market sale.

Context
This was effectively a conversion/vesting event with shares withheld by IMAX to satisfy tax liabilities (a common, routine administrative outcome), not an open-market sale that would signal an outright divestiture. For derivatives/RSUs/PSUs, the filing shows the mechanics: awards vested/converted into shares and the company withheld a portion to cover taxes; PSUs reflect prior performance-based awards. The filing does not indicate a 10b5-1 plan or a late filing flag.

Insider Transaction Report

Form 4
Period: 2026-03-07
IMAX CORPIMAX
PABLO CALAMERA
CTO & EVP
Transactions
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+3,333→ 59,672 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+8,044→ 48,930 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+7,409→ 56,339 total
  • Tax Payment

    common shares

    [F2]
    2026-03-07$40.80/sh−10,061$410,489→ 49,611 total
  • Award

    common shares

    [F3]
    2026-03-07+14,073→ 63,684 total
  • Tax Payment

    common shares

    [F4]
    2026-03-07$40.80/sh−5,672$231,418→ 58,012 total
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F7][F11]
    2026-03-07−8,044→ 0 total
    Exercise: $0.00→ common shares (8,044 underlying)
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F8][F11]
    2026-03-07−7,409→ 7,410 total
    Exercise: $0.00→ common shares (7,409 underlying)
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F9][F11]
    2026-03-07−3,333→ 6,667 total
    Exercise: $0.00→ common shares (3,333 underlying)
  • Award

    restricted share units

    [F5][F6][F10][F11]
    2026-03-07+6,763→ 6,763 total
    Exercise: $0.00→ common shares (6,763 underlying)
Holdings

  • common shares (opening balance)

    40,886
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: 2,254 on each of March 7, 2027 and March 7, 2028 and 2,255 on March 7, 2029.
  • [F11]This represents the number of restricted share units for this transaction only. Mr. Calamera's aggregate remaining outstanding restricted share unit and common share balances following these transactions will be 20,840 and 58,012, respectively.
  • [F2]Mr. Calamera 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. Calamera 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 installments: 8,042 on each of March 7, 2024 and March 7, 2025 and 8,044 on March 7, 2026.
  • [F8]The restricted share units vest and will be converted to common shares in three installments: 7,409 on each of March 7, 2025 and March 7, 2026 and 7,410 on March 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 Pablo Calamera)|2026-03-10

Documents

1 file
  • 4
    marketforms-71038.xmlPrimary

    PRIMARY DOCUMENT