Tobey Bruce 4
4 · Lionsgate Studios Corp. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Lionsgate (LION) GC Tobey Bruce Receives RSU Awards
What Happened
Tobey Bruce, General Counsel of Lionsgate Studios Corp. (LION), received multiple restricted stock unit (RSU) awards on July 1 and July 3, 2026 totaling 147,652 RSUs (reported as acquisitions). To satisfy tax-withholding obligations on vesting, the issuer withheld/cancelled 73,066 common shares (reported as dispositions), producing proceeds of approximately $1,098,194. The withholding transactions show strike/prices of $15.31, $15.03 and $14.66 per share — these were internal share-withholdings to cover tax liabilities, not open-market sales.
Key Details
- Transaction dates: July 1, 2026 and July 3, 2026 (filed July 6, 2026). Timeliness not specified in the excerpt.
- Grants (Acquisitions): 75,848 + 22,854 + 29,260 (all 7/1) and 19,690 (7/3) = 147,652 RSUs reported as granted.
- Withholdings/Dispositions (to cover taxes): total 73,066 shares
- 7/1: 53,030 shares withheld/cancelled for tax (11,628 @ $15.31; 11,628 @ $15.03; 14,887 @ $15.31; 14,887 @ $15.03) — proceeds $804,466
- 7/3: 20,036 shares withheld/cancelled for tax (10,018 @ $14.66 twice) — proceeds $293,728
- Aggregate proceeds from withheld shares ≈ $1,098,194
- Shares owned after the transactions: not disclosed in the provided excerpt.
- Notable footnotes: grants include both time- and performance-based RSUs with multi-year vesting schedules (see footnotes describing vesting on July 1/3, April 9 and multi-year installments). Several footnotes (F3, F6, F7, F9, F10, F12) confirm shares were withheld/cancelled automatically per the company’s incentive plan to satisfy tax obligations.
- Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (share withholding). These are issuer withholdings (cashless cover of taxes), not open-market sales.
Context
These transactions reflect equity compensation mechanics: RSUs were granted (an acquisition on Form 4) and the company withheld a portion of the vested/issued shares to cover taxes (reported as dispositions). Withholding/cancellation of shares is routine and does not necessarily indicate a personal decision to sell stock in the market. The awards include performance- and time-based RSUs with future vesting dates, so much of the grant represents future potential shares rather than immediate open-market purchases or sales.
Insider Transaction Report
Form 4
Tobey Bruce
General Counsel
Transactions
- Award
Common Shares
[F1][F2]2026-07-01+75,848→ 422,745 total - Tax Payment
Common Shares
[F3][F4]2026-07-01$15.31/sh−11,628$178,025→ 411,117 total - Award
Common Shares
[F5][F4]2026-07-01+22,854→ 433,971 total - Tax Payment
Common Shares
[F6][F4]2026-07-01$15.03/sh−11,628$174,769→ 422,343 total - Tax Payment
Common Shares
[F7][F8]2026-07-01$15.31/sh−14,887$227,920→ 407,456 total - Award
Common Shares
[F5][F8]2026-07-01+29,260→ 436,716 total - Tax Payment
Common Shares
[F9][F8]2026-07-01$15.03/sh−14,887$223,752→ 421,829 total - Tax Payment
Common Shares
[F10][F11]2026-07-03$14.66/sh−10,018$146,864→ 411,811 total - Award
Common Shares
[F5][F11]2026-07-03+19,690→ 431,501 total - Tax Payment
Common Shares
[F12][F11]2026-07-03$14.66/sh−10,018$146,864→ 421,483 total
Footnotes (12)
- [F1]Represents an annual equity award at 95% of target, granted pursuant to the terms of an employment agreement with the reporting person.
- [F10]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 19,690 RSUs. The grant of the units was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 10,018 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F11]Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 22,853 RSUs scheduled to vest on July 1, 2027; (ii) 45,742 RSUs scheduled to vest in two equal annual installments on April 9, 2027 and 2028; (iii) 58,520 RSUs scheduled to vest in two equal annual installments on July 1, 2027 and 2028; and (iv) 75,848 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
- [F12]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 19,690 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 10,018 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F2]Amount includes the following restricted share units ("RSUs") granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 19,690 RSUs scheduled to vest on July 3, 2026; (ii) 45,707 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; (iii) 45,742 RSUs scheduled to vest in two equal annual installments on April 9, 2027 and 2028; (iv) 87,780 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028; and (v) 75,848 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
- [F3]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 22,854 RSUs. The grant of the units was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 11,628 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F4]Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 19,690 RSUs scheduled to vest on July 3, 2026; (ii) 22,853 RSUs scheduled to vest on July 1, 2027; (iii) 45,742 RSUs scheduled to vest in two equal annual installments on April 9, 2027 and 2028; (iv) 87,780 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028; and (v) 75,848 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
- [F5]Represents common shares issued upon the vesting of performance RSUs granted pursuant to the terms of an employment agreement.
- [F6]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 22,854 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 11,628 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F7]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 29,260 RSUs. The grant of the units was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 14,887 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F8]Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 19,690 RSUs scheduled to vest on July 3, 2026; (ii) 22,853 RSUs scheduled to vest on July 1, 2027; (iii) 45,742 RSUs scheduled to vest in two equal annual installments on April 9, 2027 and 2028; (iv) 58,520 RSUs scheduled to vest in two equal annual installments on July 1, 2027 and 2028; and (v) 75,848 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
- [F9]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 29,260 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 14,887 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
Signature
Bruce Tobey (By Adrian Kuzycz by Power of Attorney)|2026-07-06