Management ChangeApr 15, 2026, 04:07 PM
Lionsgate Extends CEO Feltheimer's Contract to 2031, Grants 4.5M Options
AI Summary
Lionsgate Studios Corp. amended CEO Jon Feltheimer's employment agreement, extending his term through July 31, 2031. The amendment, approved by the Compensation Committee on April 13, 2026, includes significant stock price equity awards. These awards comprise an option to purchase 4.5 million common shares at an exercise price of $11.07 and 666,667 restricted stock units, with options vesting based on performance hurdles up to $22.50 per share.
Key Highlights
- CEO Jon Feltheimer's employment extended to July 31, 2031.
- Granted option for 4.5 million shares at $11.07 exercise price.
- Granted 666,667 restricted stock units (RSUs).
- Options vest based on stock price targets: $17.50, $20.00, $22.50.