BURNS MICHAEL RAYMOND 4
4 · Lionsgate Studios Corp. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Lionsgate Vice Chair Michael Burns Receives 125,000 RSU Award
What Happened
Michael R. Burns, Vice Chair of Lionsgate Studios Corp. (LION), received an award of 125,000 restricted share units (RSUs) on 2026-05-20 (recorded as a grant at $0.00). At vesting, 63,600 common shares were disposed (canceled) by the issuer to satisfy tax withholding obligations, valued at $12.43 per share for a total of $790,548.
Key Details
- Transaction date: 2026-05-20; filing date: 2026-05-21 (filed next day, appears timely).
- Grant: 125,000 RSUs reported as acquired at $0.00.
- Tax withholding disposition: 63,600 shares @ $12.43 = $790,548 (shares canceled by issuer to cover taxes).
- Footnotes:
- F1: RSUs represent the vesting portion of the reporting person’s fiscal 2025 annual incentive bonus.
- F2: Notes additional RSU tranches scheduled to vest on future dates (e.g., 68,916 on July 3, 2026; 210,958 in two equal installments on July 1, 2026 & 2027; 36,575 in three equal installments July 1, 2026–2028).
- F3: Confirms the 63,600 common shares were automatically canceled by the issuer to satisfy tax withholding.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
This was a vesting/award event (not an open-market purchase or discretionary sale). The cancellation of shares to cover taxes is a common, administrative "net share settlement" method and does not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
Form 4
BURNS MICHAEL RAYMOND
Vice Chair
Transactions
- Award
Common Shares
[F1][F2]2026-05-20+125,000→ 3,186,213 total - Tax Payment
Common Shares
[F3][F2]2026-05-20$12.43/sh−63,600$790,548→ 3,122,613 total
Footnotes (3)
- [F1]Represents the vesting of the portion of the reporting person's fiscal 2025 annual incentive bonus in restricted share units ("RSUs").
- [F2]Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 68,916 RSUs scheduled to vest on July 3, 2026; (ii) 210,958 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; and (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028.
- [F3]Represents common shares automatically canceled by the Issuer to satisfy certain tax withholding obligations upon the vesting of 125,000 RSUs.
Signature
Michael Burns (By Adrian Kuzycz by Power of Attorney)|2026-05-21