Golden Michele 4

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.