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Lionsgate Studios Corp.·4

Jul 6, 4:04 PM ET

Goldsmith Brian 4

Research Summary

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Lionsgate (LION) COO Brian Goldsmith Receives RSU Awards; Shares Withheld

What Happened
Brian Goldsmith, Chief Operating Officer of Lionsgate Studios Corp. (LION), received multiple restricted share unit (RSU) awards on July 1 and July 3, 2026 totaling 437,012 RSUs (granted at $0.00). To satisfy tax withholding obligations upon vesting, the issuer withheld/canceled a total of 219,584 common shares in transactions treated as disposals (code F), producing aggregate consideration of approximately $3,295,324. These transactions are compensation-related (awards and tax withholding), not open-market sales.

Key Details

  • Transaction dates & prices:
    • July 1, 2026: Grants of 221,224; 61,530; and 85,342 RSUs (acquisitions at $0.00).
    • July 1, 2026: Withholdings/cancellations of 31,306 shares @ $15.31 and 31,306 @ $15.03; and 43,422 @ $15.31 and 43,422 @ $15.03 (tax withholding).
    • July 3, 2026: Grant of 68,916 RSUs (acquisition at $0.00) and withholdings/cancellations of 35,064 shares @ $14.66 (reported twice).
  • Shares withheld/cancelled to cover taxes: 219,584 shares, proceeds ≈ $3.30M.
  • Shares acquired (RSU awards): 437,012 RSUs (payable in common shares upon vesting).
  • Shares owned after transaction: Not specified in the provided excerpt.
  • Notable footnotes: Grants include both time‑ and performance‑based RSUs with staggered vesting schedules (vest dates spanning 2026–2029). Several footnotes (F3, F6, F7, F9, F10, F12) confirm automatic share withholding/cancellation to satisfy tax obligations. F1 notes one award was at 95% of target under an employment agreement.
  • Filing date: Form 4 filed July 6, 2026 (review timeliness if relevant; no late‑filing flag shown in the excerpt).

Context
These transactions reflect routine compensation mechanics: RSU grants (awards) and issuer share withholding (a common “sell‑to‑cover” or cancellation) to satisfy tax liabilities. That withholding is not an open‑market sale expressing the insider’s sentiment about the stock. Many of the RSUs are scheduled to vest over multiple future dates (2026–2029), so additional shares may be issued or withheld as those vesting events occur.