Tobey Bruce 4
4 · Lionsgate Studios Corp. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Lionsgate (LION) GC Tobey Bruce Withholds 11,637 Shares for Taxes
What Happened
Tobey Bruce, General Counsel of Lionsgate Studios Corp. (LION), had 11,637 common shares withheld/cancelled on April 9, 2026 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The shares were valued at $10.45 each, totaling approximately $121,607. This was a tax-withholding disposition (routine), not an open-market sale.
Key Details
- Transaction date and price: April 9, 2026 at $10.45 per share.
- Shares affected: 11,637 shares withheld/cancelled; total value ≈ $121,607.
- Reason: Withheld to satisfy tax obligations upon vesting of 22,872 RSUs (automatic share cancellation per company plan/policy).
- Additional RSU schedule reported (will convert to shares on vesting):
- 19,690 RSUs vesting July 3, 2026
- 45,707 RSUs vesting in two equal installments on July 1, 2026 and 2027
- 45,742 RSUs vesting in two equal installments on April 9, 2027 and 2028
- 87,780 RSUs vesting in three equal installments on July 1, 2026, 2027 and 2028
- Shares owned after the transaction: not specified in the filing excerpt provided.
- Filing: Form 4 filed April 10, 2026 for a April 9, 2026 transaction — appears timely. Transaction reported as code F (tax withholding).
Context
This was an automatic tax-withholding action tied to RSU vesting (similar in effect to a cashless withholding), not an intentional market sale. Such withholdings are routine and do not by themselves indicate insider buying or selling sentiment.
Insider Transaction Report
Form 4
Tobey Bruce
General Counsel
Transactions
- Tax Payment
Common Shares
[F1][F2]2026-04-09$10.45/sh−11,637$121,607→ 285,497 total
Footnotes (2)
- [F1]Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 22,872 restricted share units ("RSUs"). The grant of the RSUs was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 11,637 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
- [F2]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) 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; and (iv) 87,780 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028.
Signature
Bruce Tobey (By Adrian Kuzycz by Power of Attorney)|2026-04-10