Kelleher Kimberly 4

What Happened

• Kimberly Kelleher, Chief Commercial Officer of AMC Networks (AMCX), had multiple restricted stock units (RSUs vest and settle) on March 9, 2026. A total of 43,688 shares were issued upon conversion of RSUs (reported as derivative exercises, code M). To cover tax withholding, 15,748 of those shares were withheld (reported as dispositions, code F) at $8.05 per share, generating $126,771. Net new shares retained by Kelleher from these settlements: 27,940.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely filing).
• RSU settlements shown as derivative conversions (code M) for 9,880; 12,870; and 20,938 shares.
• Shares withheld for taxes (code F): 3,561; 4,639; and 7,548 shares at $8.05 each (total $126,771).
• Net shares received after withholding: 43,688 − 15,748 = 27,940 shares.
• Footnotes: RSUs arose from grants on Apr 13, 2023 (footnote F1), Mar 12, 2024 (F3), and Mar 11, 2025 (F5). Withheld shares were used to satisfy tax withholding obligations and are reported as exempt under Rule 16b-3 (F2, F4, F6).
• Shares owned after the transactions are not specified in the provided excerpt of the filing.

Context

• This was not an open-market sale or purchase by Kelleher; it reflects routine vesting of previously granted RSUs and the company withholding a portion of shares to pay taxes (a common, administrative transaction).
• Derivative code M indicates conversion/settlement of RSUs to actual shares; code F indicates shares withheld for tax obligations. These transactions generally do not signal a bullish or bearish trade intent—just standard compensation vesting and tax withholding.