v3.25.2
Equity Plans
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Equity Plans Equity Plans
During the second quarter of 2025, AMC Networks granted 275,522 RSUs to non-employee directors under the 2011 Stock Plan for Non-Employee Directors that vested on the date of grant.
During the first quarter of 2025, AMC Networks granted 3,103,666 RSUs to certain executive officers and employees under the AMC Networks Inc. Amended and Restated 2016 Employee Stock Plan, which vest ratably over a three-year period.
During the three months ended June 30, 2025, 103,070 RSUs previously issued to employees of the Company vested. On the vesting date, 52,281 RSUs were surrendered to AMC Networks to cover the required statutory tax withholding obligations and 50,789 shares of AMC Networks' Class A Common Stock were issued. During the six months ended June 30, 2025, 1,397,031 RSUs previously issued to employees of the Company vested. On the vesting date, 566,095 RSUs were surrendered to AMC Networks to cover the required statutory tax withholding obligations and 830,936 shares of AMC Networks' Class A Common Stock were issued. Units are surrendered to satisfy the employees' statutory minimum tax withholding obligations for the applicable income and other employment tax. The units surrendered during the six months ended June 30, 2025 had an aggregate value of $4.0 million, which has been reflected as a financing activity in the condensed consolidated statements of cash flows for the six months ended June 30, 2025.
The Company recorded share-based compensation expenses of $8.0 million and $13.8 million for the three and six months ended June 30, 2025, respectively, and $8.5 million and $14.5 million for the three and six months ended June 30, 2024, respectively. Share-based compensation expenses are recognized in the condensed consolidated statements of income (loss) as part of Selling, general and administrative expenses.
As of June 30, 2025, there was $30.0 million of total unrecognized share-based compensation cost related to outstanding unvested share-based awards. The unrecognized compensation cost is expected to be recognized over a weighted average remaining period of approximately 2.2 years.