Manwaring Daniel 4/A
4/A · IMAX CORP · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
IMAX CEO Daniel Manwaring Converts RSUs; 4,790 Shares Withheld
What Happened
Daniel Manwaring, CEO of IMAX China Holding, converted vested restricted share units (RSUs) into common shares on March 7, 2026. The filing shows conversions of 7,409 and 4,666 RSUs and a grant-related RSU award of 5,072 units. IMAX withheld 4,790 common shares to satisfy tax withholding obligations at $40.80 per share, yielding a withholding value of $195,432. This is an amended Form 4 correcting the number of shares withheld and the resulting beneficial ownership figures from an earlier filing.
Key Details
- Date of transactions: March 7, 2026.
- Actions reported: Conversion/exercise of derivative (M = RSU conversion), tax-withholding via share withholding (F), and a grant/award of RSUs (A).
- Withheld shares for taxes: 4,790 shares @ $40.80 = $195,432 (reported as a disposition via withholding).
- Shares reported acquired via conversion/award: entries of 7,409, 4,666, and 5,072 RSU-related units (zero cash price).
- Holdings after transactions (per footnote 8): 12,363 common shares and 21,816 remaining RSUs.
- Footnotes of note: RSUs convert 1-for-1 to common shares; several different vesting schedules apply (see filing). The withholding was done by IMAX to satisfy tax obligations.
- Filing status: This is an amended Form 4 (filed 2026-04-06) correcting previously reported withheld shares and beneficial ownership amounts in the Form 4 filed March 10, 2026.
Context
This was a conversion of vested RSUs with shares withheld to cover taxes (a cashless-style settlement for tax purposes), not an open-market sale or a new cash purchase. Such withholding is a routine administrative step and does not by itself indicate a change in the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
common shares
[F1]2026-03-07+7,409→ 12,487 total - Exercise/Conversion
common shares
[F1]2026-03-07+4,666→ 17,153 total - Tax Payment
common shares
[F2]2026-03-07$40.80/sh−4,790$195,432→ 12,363 total - Exercise/Conversion
restricted share units
[F3][F4][F5][F8]2026-03-07−7,409→ 7,410 totalExercise: $0.00→ common shares (7,409 underlying) - Exercise/Conversion
restricted share units
[F3][F4][F6][F8]2026-03-07−4,666→ 9,334 totalExercise: $0.00→ common shares (4,666 underlying) - Award
restricted share units
[F3][F4][F7][F8]2026-03-07+5,072→ 5,072 totalExercise: $0.00→ common shares (5,072 underlying)
- 5,078
common shares (opening balance)
Footnotes (8)
- [F1]Represents the conversion of vested restricted share units into common shares.
- [F2]Mr. Manwaring 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]Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
- [F4]Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
- [F5]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 7, 2027.
- [F6]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.
- [F7]The restricted share units vest and will be converted to common shares in three installments: 1,690 on each of March 7, 2027 and March 7, 2028 and 1,692 on March 7, 2029.
- [F8]This represents the number of restricted share units for this transaction only. Mr. Manwaring's aggregate remaining restricted share units and common share balances following these transactions are 21,816 and 12,363, respectively.