Throop Darren D 4
Research Summary
AI-generated summary
IMAX Director Darren Throop Receives RSUs; Withholds Shares for Taxes
What Happened
- Darren D. Throop, a director of IMAX Corporation (IMAX), received a grant of 4,611 restricted share units (RSUs) that vested and converted into 4,611 common shares on June 11, 2026.
- To satisfy tax withholding obligations, 2,474 of those shares were withheld/disposed at a reported per-share value of $42.12, totaling $104,205. The net shares issued to Mr. Throop were 2,137 (4,611 vested − 2,474 withheld).
- This was an award/vesting transaction (company compensation), not an open-market purchase or discretionary sale.
Key Details
- Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely filing — within required reporting window).
- Acquired: 4,611 shares via RSU conversion (reported at $0.00 exercise price as these were vested awards).
- Withheld/Disposed for taxes: 2,474 shares @ $42.12 each = $104,205.
- Net shares retained by insider: 2,137 common shares.
- Footnotes: RSUs represent one common share each; the RSUs vest and convert on the grant date; withholding was used to satisfy tax obligations (routine). Instruction 4(C)(iii) response left blank per filing.
- Shares owned after the transaction: not specified in the filing.
Context
- This was a compensation-related RSU vesting event with share withholding to cover taxes (a common, routine practice). The withheld shares are not an open-market sale indicating sentiment; the insider received a net increase of 2,137 shares.