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Lionsgate Studios Corp.·4

Jul 6, 4:04 PM ET

BARGE JAMES W 4

Research Summary

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Lionsgate (LION) CFO James Barge Receives RSU Awards

What Happened
James W. Barge, Chief Financial Officer of Lionsgate Studios Corp. (LION), received multiple restricted share unit (RSU) awards on July 1 and July 3, 2026 (totaling 458,381 RSUs reported as acquisitions at $0.00). Concurrently, the company withheld a total of 225,252 common shares to satisfy tax-withholding obligations related to vesting (reported as dispositions), generating proceeds of approximately $3,383,862 across the reported withholding transactions. These withholding transactions are routine tax-related cancellations of shares, not open-market sales.

Key Details

  • Transaction dates: July 1, 2026 and July 3, 2026. Form 4 filed July 6, 2026.
  • RSU grants reported (acquisitions at $0.00): 237,026; 65,924; 91,438; 63,993 — total 458,381 RSUs granted (see footnotes for vesting schedules).
  • Shares withheld (reported as dispositions to cover taxes): 33,542 @ $15.31; 33,542 @ $15.03; 46,524 @ $15.31; 46,524 @ $15.03; 32,560 @ $14.66 (reported twice) — total 225,252 shares; cash value ≈ $3,383,862.
  • Shares owned after the transaction: not stated in the filing.
  • Notable footnotes: grants include annual and performance RSUs with multi‑year vesting schedules (see F1–F12). Several footnotes (F3, F6, F7, F9, F10, F12) explain that shares were automatically canceled/withheld to cover tax obligations when RSUs vested.
  • Filing timeliness: Form 4 was filed July 6. Because some transactions occurred July 1, those items appear to be reported after the typical two-business‑day Form 4 deadline (filed one business day late for the July 1 transactions).

Context
These entries reflect equity awards and standard tax-withholding mechanics—not discretionary open-market purchases or voluntary sales. RSU “acquisitions” here are grants that generally vest over future dates (per footnotes); the withheld/canceled shares represent the company covering the reporting person’s tax liability upon vesting (a common practice, sometimes called share withholding or cashless settlement). Such routine withholding transactions should not be interpreted as a directional buy/sell signal.