Demirian Eric A 4

What Happened

• Eric A. Demirian, a director of IMAX Corporation (IMAX), had 3,390 restricted share units (RSUs) vest and convert into common shares on June 11, 2026. The conversion was reported as an exercise/conversion of a derivative at $0 exercise price (i.e., RSUs converting to shares).
• To satisfy tax withholding obligations, 1,842 of those newly issued shares were surrendered/withheld at an implied price of $42.12 per share, totaling $77,585. The net shares retained by Demirian from this event were 1,548 (3,390 vested − 1,842 withheld).

Key Details

• Transaction date: June 11, 2026.
• Vesting/conversion: 3,390 RSUs converted to common shares (derivative exercise/conversion reported at $0).
• Tax withholding: 1,842 shares withheld/disposed at $42.12 per share, totaling $77,585 (reported as payment of tax liability).
• Net new shares received: 1,548 common shares.
• Footnotes: RSUs are the economic equivalent of one common share and vested/converted on the grant date (per filing). The share withholding was to satisfy tax obligations in connection with the conversion.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: No late-filing indication shown in the provided information.

Context

• This was an award/vesting event (RSUs converting to shares), not an open-market purchase or a voluntary sale; withholding shares to cover taxes is a common, administrative step and not necessarily a signal of insider sentiment.
• The transaction codes used: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price or tax withholding.