ELLIS DANIEL E 4
Research Summary
AI-generated summary
AMC EVP Daniel E. Ellis Receives 174,590-Share Award
What Happened
Daniel E. Ellis, EVP and Chief of Operations, Development & Marketing at AMC Entertainment (AMC), received 174,590 shares on 2026-02-27 when certain Performance Stock Units (PSUs) vested. The award shares were issued at $0.00 (stock award), and 78,444 of those shares were withheld to satisfy the reporting person’s tax obligations, leaving a net of 96,146 shares delivered to Ellis.
Key Details
- Transaction date: 2026-02-27; Form filed 2026-03-02 (no late-filing flag indicated in the provided data).
- Award (code A): 174,590 shares issued at $0.00.
- Tax withholding (code F): 78,444 shares withheld/disposed at $0.00 to cover taxes.
- Net shares delivered to insider: 174,590 − 78,444 = 96,146 shares.
- Footnote F1: PSUs were granted in 2023–2025 and vested based on performance and service as certified by the Compensation Committee.
- Footnote F2: Withheld shares used to satisfy tax withholding.
- Footnote F3: Excludes contingent future grants (532,687 shares subject to service-only vesting and 532,687 shares subject to performance+service), which together with reported ownership would total 1,301,408 shares if all contingencies are met.
- Transaction codes: A = Award/Acquisition; F = Tax withholding/disposition.
Context
This was a vesting of previously granted PSUs (not an open-market purchase or strategic sale). The withholding of shares to pay taxes is a routine administrative step and does not necessarily signal insider sentiment. The filing shows current vested issuance and discloses larger contingent awards that could increase potential future ownership if service and performance conditions are met.