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AMC Networks Inc.·4

Mar 11, 4:22 PM ET

O'Connell Patrick 4

4 · AMC Networks Inc. · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

AMC Networks (AMCX) CFO Patrick O'Connell Receives RSUs (Vested)

What Happened

  • Patrick O'Connell, Chief Financial Officer of AMC Networks (AMCX), had restricted stock units (RSUs) vest and be converted to 62,568 shares on March 9, 2026 (reported on a Form 4 filed Mar 11, 2026).
  • To satisfy tax withholding obligations, 25,174 of those shares were withheld (disposed) at an effective withholding value of $8.05 per share, generating $202,651 in tax withholding. That leaves a net issuance of 37,394 shares to O'Connell.
  • These transactions are compensation-related (not open-market purchases or sales).

Key Details

  • Transaction date: March 9, 2026; Form filed March 11, 2026 (not reported late).
  • Shares: 62,568 shares issued from RSU vesting; 25,174 shares withheld for taxes; net 37,394 shares delivered to insider.
  • Withholding price: $8.05 per share; total cash value withheld ≈ $202,651.
  • Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to cover tax liabilities (exempt under Rule 16b-3).
  • Grants involved (per footnotes): RSUs from 4/13/2023, 3/12/2024 and 3/11/2025—each had tranches that vested/settled (one-third) on Mar 9, 2026.
  • No indication of a 10b5-1 plan or other trading plan; this is routine compensation vesting and tax withholding.

Context

  • These entries reflect RSU vesting and a cashless-like withholding to pay taxes — a common, administrative outcome of equity compensation rather than a signal of buying or selling intent.
  • For retail investors, awards being settled increases insider share ownership but does not imply an active market purchase; tax-withheld shares are routine and exempt from short-swing profit rules under Rule 16b-3.

Insider Transaction Report

Form 4
Period: 2026-03-09
AMC Networks Inc.AMCX
O'Connell Patrick
EVP & Chief Financial Officer
Transactions
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F1]
    2026-03-09+11,856→ 37,753 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F2]
    2026-03-09$8.05/sh−4,274$34,406→ 33,479 total
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F3]
    2026-03-09+19,305→ 52,784 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F4]
    2026-03-09$8.05/sh−6,959$56,020→ 45,825 total
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F5]
    2026-03-09+31,407→ 77,232 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F6]
    2026-03-09$8.05/sh−13,941$112,225→ 63,291 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1]
    2026-03-09−11,856→ 0 total
    Exp: 2026-03-09→ AMC Networks Inc. Class A Common Stock (11,856 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3]
    2026-03-09−19,305→ 19,305 total
    Exp: 2027-03-09→ AMC Networks Inc. Class A Common Stock (19,305 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F5]
    2026-03-09−31,407→ 62,814 total
    Exp: 2028-03-09→ AMC Networks Inc. Class A Common Stock (31,407 underlying)
Footnotes (6)
  • [F1]Each RSU was granted on April 13, 2023 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 8, 2024 and one-third of the RSUs vested and were settled on March 7, 2025. The remaining one-third of the RSUs vested and were settled on March 9, 2026.
  • [F2]Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.
  • [F3]Each RSU was granted on March 12, 2024 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 7, 2025 and one-third of the RSUs vested and were settled on March 9, 2026. The remaining one-third of the RSUs will vest on March 9, 2027.
  • [F4]Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 3 above, exempt under Rule 16b-3.
  • [F5]Each RSU was granted on March 11, 2025 under the AMC Networks Inc. A&R 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2026. The remaining RSUs will vest as follows: one-third on March 9, 2027 and one-third on March 9, 2028.
  • [F6]Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 5 above, exempt under Rule 16b-3.
Signature
Anne G. Kelly, Attorney-in-Fact for Patrick O'Connell|2026-03-11

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT