COX CHRIS A 4
Research Summary
AI-generated summary
AMC SVP Chris Cox Receives 78,592-Share Award
What Happened
Chris A. Cox, Senior Vice President and Chief Accounting Officer of AMC Entertainment (AMC), was issued 78,592 shares on 2026-02-27 upon vesting of performance stock units (PSUs). The shares were issued at $0 (result of vesting); 37,733 of those shares were withheld to satisfy tax obligations, leaving a net increase of 40,859 shares to Cox’s holdings. The PSU vesting and certification were approved by AMC’s Compensation Committee.
Key Details
- Transaction date: 2026-02-27; filing date: 2026-03-02 (Form 4, accession 0001411579-26-000041).
- Award: 78,592 shares (code A) issued at $0.00.
- Tax withholding: 37,733 shares were withheld (code F) to cover tax liabilities from the vesting.
- Net new shares retained by insider: 40,859.
- Shares owned after transaction: the filing implies 104,436 shares reported as owned following the transaction; when combined with contingent future grants (see below) the total would be 583,858 shares (per footnote).
- Footnotes: PSUs were granted in 2023–2025, vested based on performance and service conditions certified by the Compensation Committee (F1). Withholding of shares satisfied tax liabilities (F2). F3 discloses additional contingent awards: 239,711 shares issuable on service alone and 239,711 issuable upon both performance and service.
Context
This was an award/vesting event (not an open-market buy or sale). Vesting of PSUs converts previously granted contingent units into shares; withholding shares to pay taxes is a common cashless method and is coded as "F" on Form 4. Such awards are routine compensation events and do not by themselves indicate insider buying or selling intent.