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AMC Networks Inc.·4

Mar 11, 4:26 PM ET

McDermott Dan 4

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

Research Summary

AI-generated summary of this filing

Updated

AMC Networks (AMCX) CCO Dan McDermott Receives RSU Shares

What Happened

  • Dan McDermott, Chief Content Officer of AMC Networks (AMCX), had multiple RSU grants vest and settle on March 9, 2026. A total of 56,743 shares were issued on conversion of the derivative awards (reported as code M). To satisfy tax withholding obligations (code F), 19,620 shares were withheld at $8.05 per share for total withholding of $157,942. Net shares delivered to McDermott were 37,123.

Key Details

  • Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely).
  • Shares converted (acquired): 9,880; 12,870; 20,938; 13,055 — total 56,743.
  • Shares withheld for taxes (disposed): 3,416; 4,450; 7,240; 4,514 — total 19,620 at $8.05/share = $157,942.
  • Net new shares to insider: 56,743 − 19,620 = 37,123 shares.
  • Footnotes: These were RSU settlements from grants dated Apr 13, 2023; Mar 12, 2024; Mar 11, 2025; and Nov 18, 2025. Withholding transactions are exempt under Rule 16b-3 (see F2, F4, F6, F8).
  • Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax liability.
  • Filing appears timely (no late filing flag).

Context

  • This was not an open-market sale or purchase. It reflects scheduled RSU vesting and net settlement (shares withheld to cover taxes), a routine compensation event rather than a directional trade signal.
  • For retail investors: purchases by insiders are often more informative than routine vesting; here the transaction primarily documents compensation settlement and tax withholding.

Insider Transaction Report

Form 4
Period: 2026-03-09
AMC Networks Inc.AMCX
McDermott Dan
Chief Content Officer
Transactions
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F1]
    2026-03-09+9,880→ 48,935 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F2]
    2026-03-09$8.05/sh−3,416$27,499→ 45,519 total
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F3]
    2026-03-09+12,870→ 58,389 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F4]
    2026-03-09$8.05/sh−4,450$35,823→ 53,939 total
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F5]
    2026-03-09+20,938→ 74,877 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F6]
    2026-03-09$8.05/sh−7,240$58,282→ 67,637 total
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F7]
    2026-03-09+13,055→ 80,692 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F8]
    2026-03-09$8.05/sh−4,514$36,338→ 76,178 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1]
    2026-03-09−9,880→ 0 total
    Exp: 2026-03-09→ AMC Networks Inc. Class A Common Stock (9,880 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3]
    2026-03-09−12,870→ 12,870 total
    Exp: 2027-03-09→ AMC Networks Inc. Class A Common Stock (12,870 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F5]
    2026-03-09−20,938→ 41,876 total
    Exp: 2028-03-09→ AMC Networks Inc. Class A Common Stock (20,938 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F7]
    2026-03-09−13,055→ 26,110 total
    Exp: 2028-03-09→ AMC Networks Inc. Class A Common Stock (13,055 underlying)
Footnotes (8)
  • [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.
  • [F7]Each RSU was granted on November 18, 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.
  • [F8]Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 7 above, exempt under Rule 16b-3.
Signature
Anne G. Kelly, attorney-in-fact for Dan McDermott|2026-03-11

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT