LION · Lionsgate Studios Corp.

On April 13, 2026, the Compensation Committee of Lionsgate Studios Corp. approved an amendment to the employment agreement of Chief Executive Officer Jon Feltheimer, extending his term by two years to July 31, 2031. The amendment introduces significant performance-based incentives aligned with shareholder value creation. Mr. Feltheimer was granted an option to purchase 4,500,000 common shares at an exercise price of $11.07 per share and an award of 666,667 Restricted Stock Units (RSUs). These awards are structured into three tranches with specific stock price hurdles: $17.50, $20.00, and $22.50 per share. Vesting requires the average closing price over twenty consecutive trading days to meet or exceed these targets within a five-year performance period, contingent upon Mr. Feltheimer's continued employment through the fifth anniversary of the grant date. This structure directly links a substantial portion of the CEO's compensation to stock price appreciation. The agreement maintains his annual base salary of $1,500,000 and sets the target annual performance bonus at $7,500,000 for the fiscal year 2025 onwards. Additionally, the agreement provides for Annual Grants with a target value of $10,000,000 for fiscal years 2026 through 2029. Provisions for change in control and termination scenarios detail specific vesting accelerations and severance entitlements, including a cash severance payment equal to the present value of his base salary through the end of the term or $6,000,000, whichever is greater, in the event of a qualifying termination following a change in control.