Tobey Bruce 4

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.