SETTLE DANA R 4
Research Summary
AI-generated summary
IMAX Director Dana R. Settle Receives 3,390 Shares (RSU Vesting)
What Happened
- Dana R. Settle, a member of the IMAX Corporation (IMAX) Board of Directors, was granted restricted share units (RSUs) that vested and converted into 3,390 common shares on June 11, 2026. The Form 4 shows the conversion/exercise of the derivative and the grant of RSUs; the shares were acquired at $0.00 (no cash outlay).
Key Details
- Transaction date: June 11, 2026 (reported on Form 4 filed June 15, 2026).
- Reported transaction types/codes: A = grant/award of RSUs; M = exercise/conversion of derivative (RSU conversion to common shares).
- Shares acquired: 3,390 common shares via RSU vesting/ conversion; reported price $0.00 (compensation award).
- Disposed entry on the form reflects the derivative conversion mechanics, not an open‑market sale of shares.
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: Form 4 was filed on June 15, 2026 (within the typical 2 business‑day reporting window).
Context
- These RSUs were a board compensation award that vested and converted to common shares on the grant date; this is routine director compensation and not a market purchase or sale. Derivative reporting (grant + conversion) can create multiple line items on Form 4 even when no cash changes hands.