Form 4: Mignon L. Clyburn Reports Changes in Beneficial Ownership of Starz Entertainment Corp. Shares
SEC Form 4 Filing
Director Mignon L. Clyburn reports acquisition and disposal of Starz Entertainment Corp. shares following the completion of transactions related to the Arrangement Agreement.
Summary
- Mignon L. Clyburn, a director of Starz Entertainment Corp., filed a Form 4 detailing changes in beneficial ownership.
- On May 9, 2025, Clyburn acquired 13,825 common shares of Starz Entertainment Corp. at $0.
- These shares were acquired in connection with the consummation of transactions contemplated by the Arrangement Agreement dated January 29, 2025, and amended on March 12, 2025.
- The filing also reports the disposal of 17,514 shares.
- Following these transactions, Clyburn beneficially owns 17,514 common shares, including 1,105 restricted share units (RSUs) vesting on September 13, 2025, and 12,720 RSUs vesting on November 29, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of the original Arrangement Agreement. |
| March 12, 2025 | Date of the amending agreement to the Arrangement Agreement. |
| May 6, 2025 | Date of consummation of transactions contemplated by the Arrangement Agreement. |
| May 9, 2025 | Date of the reported transaction (acquisition and disposal of shares). |
| May 13, 2025 | Date of the Form 4 filing. |
| September 13, 2025 | Vesting date for 1,105 RSUs. |
| November 29, 2025 | Vesting date for 12,720 RSUs. |
Keywords
Form 4, Beneficial Ownership, Starz Entertainment Corp, Mignon L. Clyburn, Arrangement Agreement, Shares, RSUs, Director
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