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Lionsgate Studios Corp.·4

Jul 6, 4:04 PM ET

BURNS MICHAEL RAYMOND 4

Research Summary

AI-generated summary

Updated

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.