Wong Jennifer L. 4
Research Summary
AI-generated summary
IMAX Director Jennifer Wong Receives 3,390 RSUs (Vested/Converted)
What Happened
Jennifer L. Wong, a director of IMAX Corporation (IMAX), received a grant of 3,390 restricted share units (RSUs) on June 11, 2026 that vested and converted into 3,390 common shares the same day. The Form 4 also shows a matching conversion/exercise entry and a disposition of 3,390 shares on June 11. The filing does not report a price or total dollar value for the conversion or disposition.
Key Details
- Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely under the 2-business-day rule).
- Reported transactions: Award/Grant (A) of 3,390 RSUs; Exercise/Conversion (M) of 3,390 RSUs to common shares; a Disposal entry of 3,390 shares — all on June 11, 2026.
- Price and total value: Not disclosed (N/A) in the filing.
- Shares owned after the transaction: Not specified in the filing.
- Relevant footnotes: RSUs represent a contingent right to one common share, are economically equivalent to one share (F2–F3), were granted for board service (F4), and vested/converted on the grant date (F5).
- No 10b5-1 plan or tax-withholding detail is provided in the filing.
Context
Restricted share units (RSUs) are a grant that converts into actual shares when they vest. The filing shows both the RSU conversion and an equal-sized disposition on the same day; filings often show such paired entries when shares are withheld or sold to cover taxes or when shares are immediately sold, but this Form 4 does not state the reason for the disposition. This activity is an award/vesting event rather than a straightforward buy or sell by the insider.