Romanello Salvatore 4

What Happened

• Salvatore Romanello, EVP & General Counsel of AMC Networks, had 16,750 restricted stock units (RSUs) vest and settle on March 9, 2026. Of those vested shares, 6,246 were withheld to satisfy tax withholding obligations at $8.05 per share (total $50,280), leaving a net issuance of 10,504 shares to Romanello. The filing reports the RSU settlement (recorded as derivative conversion/exercise entries and a tax-withholding disposal).

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely).
• Gross shares settled: 16,750 RSUs; shares withheld for taxes: 6,246 at $8.05/share = $50,280; net shares issued to insider: 10,504.
• Footnotes: RSUs were granted March 11, 2025 under the 2016 Employee Stock Plan; one-third vested/settled on 3/9/2026, with remaining tranches vesting on 3/9/2027 and 3/9/2028 (F1). Withholding of shares for taxes is exempt under Rule 16b-3 (F2).
• Shares owned after the transaction are not specified in the provided filing.

Context

• This was an RSU vesting/settlement, not an open-market buy or sale. Withholding shares to cover tax obligations is a routine administrative step (similar to a cashless exercise) and does not by itself indicate buying or selling sentiment.
• The filing shows derivative conversion entries (code M) because RSUs were converted/settled into shares; code F denotes shares disposed to cover tax withholding.