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IMAX CORP·4

Mar 10, 4:55 PM ET

Fernandes Natasha 4

4 · IMAX CORP · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated

IMAX (IMAX) CFO Natasha Fernandes Converts RSUs, Company Withholds Shares

What Happened

  • Natasha Fernandes, CFO of IMAX Corporation, had multiple restricted share units (RSUs) and performance stock units (PSUs) convert on March 7, 2026. In total about 65,909 shares were issued to her on conversion/award. IMAX withheld 28,044 of those shares to satisfy tax withholding obligations at $40.80 per share, a withholding value of approximately $1,144,195. After withholding, Ms. Fernandes received roughly 37,865 net shares. These transactions reflect vesting/conversion and company tax withholding (not an open-market sale by the insider).

Key Details

  • Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (filed after the transaction date).
  • Withholding price used: $40.80 per share; shares withheld: 28,044; withholding value ≈ $1,144,195.
  • Shares involved (approx.): ~65,909 shares converted/awarded; ~37,865 net shares delivered to Ms. Fernandes after withholding.
  • Holdings after transaction (per filing): 55,596 common shares and 32,764 remaining RSUs.
  • Footnotes: conversions include vested RSUs and PSUs; PSUs were earned based on EBITDA and TSR performance conditions; IMAX withheld shares to satisfy tax obligations (cashless withholding).
  • Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = payment/tax withholding. This was not an open-market purchase or sale by Ms. Fernandes.

Context

  • These transactions are routine vesting and conversion of equity awards. The company’s withholding of shares to cover taxes is a common cashless-withholding method and should not be read as a discretionary sale by the insider.
  • PSUs here were performance-based (EBITDA and TSR) and converted based on achieved performance over the applicable period.

Insider Transaction Report

Form 4
Period: 2026-03-07
IMAX CORPIMAX
Fernandes Natasha
Chief Financial Officer & EVP
Transactions
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+6,927→ 38,184 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+7,903→ 46,087 total
  • Exercise/Conversion

    common shares

    [F1]
    2026-03-07+5,666→ 51,753 total
  • Tax Payment

    common shares

    [F2]
    2026-03-07$40.80/sh−10,974$447,739→ 40,779 total
  • Award

    common shares

    [F3]
    2026-03-07+21,815→ 62,594 total
  • Award

    common shares

    [F4]
    2026-03-07+10,072→ 72,666 total
  • Tax Payment

    common shares

    [F5]
    2026-03-07$40.80/sh−17,070$696,456→ 55,596 total
  • Exercise/Conversion

    restricted share units

    [F6][F7][F1][F8][F12]
    2026-03-07−6,927→ 0 total
    Exercise: $0.00→ common shares (6,927 underlying)
  • Exercise/Conversion

    restricted share units

    [F6][F7][F1][F9][F12]
    2026-03-07−7,903→ 7,904 total
    Exercise: $0.00→ common shares (7,903 underlying)
  • Exercise/Conversion

    restricted share units

    [F6][F7][F1][F10][F12]
    2026-03-07−5,666→ 11,334 total
    Exercise: $0.00→ common shares (5,666 underlying)
  • Award

    restricted share units

    [F6][F7][F11][F12]
    2026-03-07+13,526→ 13,526 total
    Exercise: $0.00→ common shares (13,526 underlying)
Holdings

  • common shares (opening balance)

    31,257
Footnotes (12)
  • [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: 5,666 on each of March 7, 2026 and March 7, 2027 and 5,668 on March 7, 2028.
  • [F11]The restricted share units vest and will be converted to common shares in three installments: 4,508 on each of March 7, 2027 and March 7, 2028 and 4,510 on March 7, 2029.
  • [F12]This represents the number of restricted share units for this transaction only. Ms. Fernandes' aggregate remaining restricted share unit and common share balances following these transactions will be 32,764 and 55,596, respectively.
  • [F2]Ms. Fernandes 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]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 TSR performance conditions over the three year performance period.
  • [F5]Ms. Fernandes 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.
  • [F6]Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
  • [F7]Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
  • [F8]The restricted share units vest and will be converted to common shares in three installments: 6,925 on each of March 7, 2024 and March 7, 2025 and 6,927 on March 7, 2026.
  • [F9]The restricted share units vest and will be converted to common shares in three installments: 7,903 on each of March 7, 2025 and March 7, 2026 and 7,904 on March 7, 2027.
Signature
/s/Kenneth I. Weissman (attorney-in-fact for Natasha Fernandes)|2026-03-10

Documents

1 file
  • 4
    marketforms-72099.xmlPrimary

    PRIMARY DOCUMENT