Tobey Bruce 4
Research Summary
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Lionsgate (LION) GC Tobey Bruce — 4,430 Shares Withheld for Taxes
What Happened Tobey Bruce, General Counsel of Lionsgate Studios Corp. (LION), had 4,430 common shares withheld/cancelled on March 27, 2026 to satisfy tax withholding obligations related to the vesting of restricted share units (RSUs). The shares were valued at $9.39 each, for a total of $41,598. This was not an open‑market sale but an internal share withholding to cover taxes upon vesting.
Key Details
- Transaction date: 2026-03-27; Filing date (Form 4): 2026-03-30 (appears timely).
- Action: Shares withheld/cancelled for tax withholding (code F); 4,430 shares at $9.39 = $41,598.
- Vesting referenced: 8,707 RSUs vested, of which 4,430 shares were withheld to cover tax obligations (footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Additional RSU context (footnote F2): The filing notes multiple outstanding RSU grants scheduled to vest across 2026–2028 (examples include 19,690 RSUs vesting July 3, 2026; 45,707 RSUs vesting in two installments on July 1, 2026 & 2027; others vesting in 2026–2028).
Context This is a routine tax‑withholding/cashless share withholding related to RSU vesting, not a market sale or purchase. Such withholdings are administrative and generally do not signal a change in the insider’s market view.