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AMC Networks Inc.·4

Mar 11, 4:34 PM ET

Sherin Michael J. III 4

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

Research Summary

AI-generated summary of this filing

Updated

AMC Networks (AMCX) EVP Michael Sherin Receives RSUs, Sells Shares

What Happened

  • Michael J. Sherin III, EVP & Chief Accounting Officer of AMC Networks (AMCX), had multiple RSU awards vest on March 9, 2026 resulting in the conversion (exercise/conversion of derivative) of 16,124 RSUs into shares. To satisfy tax withholding, 5,476 of those shares were withheld (valued at $44,082). After vesting, Sherin sold 5,963 shares in open-market transactions on March 10, 2026, receiving approximately $47,483 (sales at $7.95–$7.97 per share). The Form 4 was filed on March 11, 2026 (timely).

Key Details

  • Transaction dates: RSU settlements/conversions on 2026-03-09; open-market sales on 2026-03-10; Form 4 filed 2026-03-11.
  • RSUs converted to shares: 16,124 total (from grants described in footnotes).
  • Shares withheld for taxes: 5,476 shares (tax withholding; F entries) valued at $44,082 (prices shown at $8.05 per share for withholding).
  • Open-market sales: 2,700 @ $7.95, 863 @ $7.97, 2,400 @ $7.97 — total 5,963 shares for ~$47,483.
  • Net shares received after withholding (before any other disposals): 10,648 shares; of those, 5,963 were sold on the open market.
  • Footnotes: RSUs were granted under AMC’s 2016 Employee Stock Plan (grants dated Oct 24, 2023; Mar 12, 2024; Mar 11, 2025). Footnotes F2/F4/F6 indicate shares were withheld to satisfy tax obligations and are exempt under Rule 16b-3.
  • Filing timeliness: Filed 3/11/2026 for transactions on 3/9–3/10/2026 (appears timely).

Context

  • These were RSU vesting events (conversion of derivative awards), not cash purchases. The F-coded disposals represent shares withheld to cover tax withholding obligations; the M-coded entries reflect conversion/settlement of RSUs. The subsequent open-market sales are routine disposition of vested shares and do not by themselves indicate management sentiment. No purchase transactions were reported.

Insider Transaction Report

Form 4
Period: 2026-03-09
AMC Networks Inc.AMCX
Sherin Michael J. III
EVP & Chief Accounting Officer
Transactions
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F1]
    2026-03-09+4,629→ 10,592 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F2]
    2026-03-09$8.05/sh−1,572$12,655→ 9,020 total
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F3]
    2026-03-09+4,376→ 13,396 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F4]
    2026-03-09$8.05/sh−1,486$11,962→ 11,910 total
  • Exercise/Conversion

    AMC Networks Inc. Class A Common Stock

    [F5]
    2026-03-09+7,119→ 19,029 total
  • Tax Payment

    AMC Networks Inc. Class A Common Stock

    [F6]
    2026-03-09$8.05/sh−2,418$19,465→ 16,611 total
  • Sale

    AMC Networks Inc. Class A Common Stock

    2026-03-10$7.95/sh−2,700$21,465→ 13,911 total
  • Sale

    AMC Networks Inc. Class A Common Stock

    2026-03-10$7.97/sh−863$6,878→ 13,048 total
  • Sale

    AMC Networks Inc. Class A Common Stock

    2026-03-10$7.97/sh−2,400$19,140→ 10,648 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1]
    2026-03-09−4,629→ 0 total
    Exp: 2026-03-09→ AMC Networks Inc. Class A Common Stock (4,629 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3]
    2026-03-09−4,376→ 4,376 total
    Exp: 2027-03-09→ AMC Networks Inc. Class A Common Stock (4,376 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F5]
    2026-03-09−7,119→ 14,238 total
    Exp: 2028-03-09→ AMC Networks Inc. Class A Common Stock (7,119 underlying)
Footnotes (6)
  • [F1]Each RSU was granted on October 24, 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 settled on March 7, 2025. The remaining one-third of the RSUs vested and 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
/s/ Anne G. Kelly, attorney-in-fact for Michael J. Sherin III|2026-03-11

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT