BURNS MICHAEL RAYMOND 4
4 · Lionsgate Studios Corp. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Lionsgate (LION) Vice Chair Michael Burns Receives RSUs; Shares Withheld
What Happened
Michael R. Burns, Vice Chair of Lionsgate Studios Corp. (LION), was granted a series of restricted share units (RSUs) and concurrently had a portion of common shares withheld/sold to satisfy tax withholding obligations. The filing shows RSU awards totaling 319,664 shares (granted under the 2025 Performance Incentive Plan) and disposals/withholdings of 189,870 common shares on July 1 and July 3, 2026, producing aggregate proceeds of approximately $2,844,562. Transaction codes: A = award/grant; F = share withholding/tax-related disposition.
Key Details
- Transaction dates: July 1, 2026 and July 3, 2026 (filed with the SEC on July 6, 2026). No late filing flag shown in the provided excerpt.
- Grants (A): 133,067; 105,479; 12,192; and 68,926 RSUs reported (total = 319,664 RSUs). Many grants carry multi-year vesting schedules (2026–2029), per footnotes.
- Withholding/disposals (F): total 189,870 shares withheld/sold to cover taxes at prices between $14.66 and $15.31, totaling ~$2,844,562. Individual prices in the filing: $15.31, $15.03 and $14.66.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: Grants include both time-based and performance RSUs with staggered vesting (see footnotes F2, F11, etc.). Certain shares were automatically canceled/withheld to cover tax obligations (footnotes F3, F6, F7, F9, F10, F12).
- Filing timeliness: Filed July 6, 2026 for transactions on July 1 and July 3; no late-timeliness indicator provided.
Context
These transactions reflect routine equity compensation activity: issuance of RSU awards (A) and employer withholding/sale of shares to satisfy tax liabilities upon vesting (F). This is not an open-market purchase or a voluntary sale for investment reasons — it’s a standard tax-withholding/cashless settlement practice tied to RSU vesting. For retail investors, purchases by insiders are often more informative of bullish sentiment; this filing primarily documents award grants and tax-related withholdings rather than an insider-initiated buy or sell for portfolio reasons.
Insider Transaction Report
Form 4
BURNS MICHAEL RAYMOND
Vice Chair
Transactions
- Award
Common Shares
[F1][F2]2026-07-01+133,067→ 3,255,680 total - Tax Payment
Common Shares
[F3][F4]2026-07-01$15.31/sh−53,668$821,657→ 3,202,012 total - Award
Common Shares
[F5][F4]2026-07-01+105,479→ 3,307,491 total - Tax Payment
Common Shares
[F6][F4]2026-07-01$15.03/sh−53,668$806,630→ 3,253,823 total - Tax Payment
Common Shares
[F7][F8]2026-07-01$15.31/sh−6,203$94,968→ 3,247,620 total - Award
Common Shares
[F5][F8]2026-07-01+12,192→ 3,259,812 total - Tax Payment
Common Shares
[F9][F8]2026-07-01$15.03/sh−6,203$93,231→ 3,253,609 total - Tax Payment
Common Shares
[F10][F11]2026-07-03$14.66/sh−35,064$514,038→ 3,218,545 total - Award
Common Shares
[F5][F11]2026-07-03+68,926→ 3,287,471 total - Tax Payment
Common Shares
[F12][F11]2026-07-03$14.66/sh−35,064$514,038→ 3,252,407 total
Footnotes (12)
- [F1]Represents an annual equity award granted pursuant to the terms of an employment agreement with the reporting person.
- [F10]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 68,916 RSUs. The grant of the units was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 35,064 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F11]Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 105,479 RSUs scheduled to vest on July 1, 2027; (ii) 24,383 RSUs scheduled to vest in two equal annual installments on July 1, 2027 and 2028; and (iii) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
- [F12]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 68,916 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 35,064 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F2]Amount includes the following restricted share units ("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; (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
- [F3]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 105,479 RSUs. The grant of the units was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 53,668 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F4]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) 105,479 RSUs scheduled to vest on July 1, 2027; (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
- [F5]Represents common shares issued upon the vesting of performance RSUs granted pursuant to the terms of an employment agreement.
- [F6]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 105,479 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 53,668 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F7]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 12,192 RSUs. The grant of the units was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 6,203 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F8]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) 105,479 RSUs scheduled to vest on July 1, 2027; (iii) 24,383 RSUs scheduled to vest in two equal annual installments on July 1, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
- [F9]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 12,192 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 6,203 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
Signature
Michael Burns (By Adrian Kuzycz by Power of Attorney)|2026-07-06