Patrick O'Connell - 08 Mar 2024 Form 4 Insider Report for AMC Networks Inc. (AMCX)

Role
EVP & Chief Financial Officer
Signature
Anne G. Kelly, Attorney-in-Fact for Patrick O'Connell
Issuer symbol
AMCX
Transactions as of
08 Mar 2024
Net transactions value
-$91,138
Form type
4
Filing time
12 Mar 2024, 16:29:49 UTC
Previous filing
17 Apr 2023
Next filing
14 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMCX AMC Networks Inc. Class A Common Stock Options Exercise +9,333 +157% 15,295 08 Mar 2024 Direct F1
transaction AMCX AMC Networks Inc. Class A Common Stock Tax liability $40,503 -3,418 -22% $11.85 11,877 08 Mar 2024 Direct F2
transaction AMCX AMC Networks Inc. Class A Common Stock Options Exercise +11,855 +100% 23,732 08 Mar 2024 Direct F3
transaction AMCX AMC Networks Inc. Class A Common Stock Tax liability $50,635 -4,273 -18% $11.85 19,459 08 Mar 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMCX Restricted Stock Units Options Exercise -9,333 -50% 9,333 08 Mar 2024 AMC Networks Inc. Class A Common Stock 9,333 Direct F1
transaction AMCX Restricted Stock Units Options Exercise -11,855 -33% 23,712 08 Mar 2024 AMC Networks Inc. Class A Common Stock 11,855 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") was granted on October 19, 2022 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2023 and one-third of the RSUs vested and were settled on March 8, 2024. The remaining one-third of the RSUs will vest on March 9, 2025.
F2 Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.
F3 Each RSU was granted on April 13, 2023 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 8, 2024. The remaining RSUs will vest as follows: one-third on March 9, 2025 and one-third on March 9, 2026.
F4 Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 3 above, exempt under Rule 16b-3.