O'Connell Patrick 4

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.