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IMAX CORP·4

Mar 10, 4:50 PM ET

Golden Michele 4

4 · IMAX CORP · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated

IMAX (IMAX) CPO Michele Golden Converts RSUs/PSUs; Shares Withheld

What Happened

  • Michele Golden, Chief People Officer & EVP of IMAX, had vested restricted share units (RSUs) and performance stock units (PSUs) convert into common shares on March 7, 2026. Multiple conversions (reported as "exercise or conversion" and "grant/award") resulted in newly issued shares to her. To satisfy tax withholding obligations, IMAX withheld 20,059 shares (13,441 and 6,618 shares), at $40.80 per share, totaling about $818,407 in value.

Key Details

  • Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (no late-filing flag indicated).
  • Withheld shares for taxes: 13,441 shares ($548,393) and 6,618 shares ($270,014) — total 20,059 shares (~$818K) (code F = tax withholding).
  • Conversions/exercises: reported conversions of 9,384; 10,373; and 4,666 RSU/PSU units into common shares (codes M/A).
  • New awards reported: 16,420 and 10,144 RSU/award entries (codes A).
  • Shares owned after transactions: 37,759 common shares; remaining outstanding RSUs: 29,852 (per footnote F11).
  • Notable footnotes: conversions include vested PSUs granted Mar 7, 2023 (payout tied to EBITDA performance, F3); several RSU grants have staggered vesting schedules through 2027–2029 (F7–F10). Withholding was done by the company to cover tax obligations (F2, F4).

Context

  • These were not open-market purchases or voluntary sales — they reflect standard vesting/conversion of equity compensation and a sell-to-cover (company withholding) to satisfy taxes. For derivatives/units, "M" indicates conversion/exercise and "F" indicates shares surrendered/withheld for taxes. Such routine conversion and withholding transactions are common when awards vest and do not necessarily signal a buy/sell sentiment by the insider.

Insider Transaction Report

Form 4
Period: 2026-03-07
IMAX CORPIMAX
Golden Michele
Chief People Officer & EVP
Transactions
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+9,384→ 26,359 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+10,373→ 36,732 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+4,666→ 41,398 total
  • Tax Payment

    common shares

    [F2]
    2026-03-07$40.80/sh−13,441$548,393→ 27,957 total
  • Award

    common shares

    [F3]
    2026-03-07+16,420→ 44,377 total
  • Tax Payment

    common shares

    [F4]
    2026-03-07$40.80/sh−6,618$270,014→ 37,759 total
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F7][F11]
    2026-03-07−9,384→ 0 total
    Exercise: $0.00→ common shares (9,384 underlying)
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F8][F11]
    2026-03-07−10,373→ 10,374 total
    Exercise: $0.00→ common shares (10,373 underlying)
  • Exercise/Conversion

    restricted share units

    [F5][F6][F1][F9][F11]
    2026-03-07−4,666→ 9,334 total
    Exercise: $0.00→ common shares (4,666 underlying)
  • Award

    restricted share units

    [F5][F6][F10][F11]
    2026-03-07+10,144→ 10,144 total
    Exercise: $0.00→ common shares (10,144 underlying)
Holdings

  • common shares (opening balance)

    16,975
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: 3,381on each of March 7, 2027 and March 7, 2028 and 3,382 on March 7, 2029.
  • [F11]This represents the number of common shares for this transaction only. Ms. Golden's aggregate remaining outstanding restricted share unit and common share balances following these transactions will be 29,852 and 37,759, respectively.
  • [F2]Ms. Golden 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 the conversion of the restricted shares unit transaction.
  • [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]Ms. Golden 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 the conversion of the performance stock unit transaction.
  • [F5]Each restricted share unit represents a contigent 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: 9,383 on each of March 7, 2024 and March 7, 2025 and 9,384 on March 7, 2026.
  • [F8]The restricted share units vest and will be converted to common shares in three installments: 10,373 on each of March 7, 2025 and March 7, 2026 and 10,374 on March 7, 2027.
  • [F9]The restricted share units vest and will be converted to common shares in three installments: 4,666 on each of March 7, 2026 and March 7, 2027 and 4,668 on March 7, 2028.
Signature
/s/ Kenneth I. Weissman (attorney-in-fact for Michele Golden)|2026-03-10

Documents

1 file
  • 4
    marketforms-71165.xmlPrimary

    PRIMARY DOCUMENT