Sadie Mark James van Lill 4

What Happened

• Sadie Mark James van Lill, a director of National CineMedia, was granted 32,346 restricted stock units (RSUs) on May 7, 2026. The Form 4 reports the grant as a derivative award (code A) with an acquisition price of $0 (the filing records it as an award, not a purchase).
• These RSUs represent the right to receive one share of NCMI common stock per unit upon vesting. The filing does not show an immediate cash transaction or sale.

Key Details

• Transaction date: May 7, 2026; Filing date (Form 4): May 11, 2026 (appears to be 4 days after the grant; typical Form 4 deadline is 2 business days).
• Award: 32,346 restricted stock units; reported acquisition price: $0 (derivative award).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — each RSU converts to one share of common stock. F2 — RSUs vest on May 7, 2027 only if the reporting person remains a director; shares will be delivered as soon as practicable after vesting.
• Transaction code: A (award/grant of derivative securities).

Context

• RSU grants to directors are a common form of compensation and are not the same as an open-market purchase or sale; they do not indicate an immediate cash investment or liquidation.
• The economic value of the award will depend on NCMI’s share price at the vesting date; until vesting, the RSUs are subject to the continued service condition noted in the filing.