MARCHESE JOE 4

What Happened

• Joe Marchese, a director of National CineMedia, was granted 32,346 restricted stock units (RSUs) on May 7, 2026. The RSUs are reported as a grant/award (Form 4 code A) with an acquisition price of $0.00, meaning no cash was paid by the insider at grant. The units are a derivative award that will convert to common shares if and when they vest.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026.
• Award: 32,346 restricted stock units; reported acquisition price $0.00 (standard for RSU grants).
• Shares owned after transaction: not specified in the filing.
• Footnote: Each RSU represents the right to one share. The RSUs vest on May 7, 2027 only if Marchese continues to serve as a director; vested RSUs will convert to shares and be delivered as soon as practicable after vesting.
• Derivative transaction: these are not exercised options or open‑market purchases/sales—they are a time‑based equity award.

Context

• RSU grants are a common form of director compensation and do not involve an immediate purchase or sale of stock. The award provides potential future ownership if vesting conditions are met; it does not by itself indicate buying or selling sentiment.