Form 4: STARZ CEO Jeffrey Hirsch Settles Vested Restricted Share Units

STARZ Entertainment Corp. CEO Jeffrey Hirsch settled 40,312 vested restricted share units for cash at $15.41 per share, maintaining significant future equity holdings.

Summary

• Jeffrey Hirsch, President and CEO of STARZ Entertainment Corp. (STRZ), reported a transaction on July 25, 2025.
• The transaction involved the disposition of 40,312 common shares.
• These shares represent the cash settlement of restricted share units (RSUs) that vested on July 27, 2025 (a non-business day).
• Each RSU was settled for $15.41, based on the closing price of STARZ common stock on July 25, 2025.
• Following this transaction, Jeffrey Hirsch beneficially owns 153,690 common shares.
• This remaining beneficial ownership includes 49,928 RSUs scheduled to vest on July 3, 2026, and 89,154 RSUs scheduled to vest in two equal annual installments on July 1, 2026, and 2027.

Sentiment

Score: 6

Explanation: The filing reports a routine RSU settlement, which is a neutral event. The continued significant beneficial ownership, including future RSU vesting, is a positive sign of continued executive alignment with shareholder interests.

Positives

• The settlement of restricted share units is a standard compensation event, indicating the vesting of previously granted equity awards.
• Jeffrey Hirsch retains a significant beneficial ownership of 153,690 shares, including substantial future RSU vesting, aligning his interests with shareholders.

Negatives

• The disposition of 40,312 shares, even if for RSU settlement, reduces the direct shareholding of the CEO.

Future Outlook

The filing indicates future vesting schedules for a significant number of restricted share units for the CEO, suggesting continued long-term equity alignment with the company's performance through at least July 2027.

Industry Context

This is a routine insider transaction filing (Form 4) related to executive compensation. It does not provide broader industry context or trends.

Comparison to Industry Standards

• This is a standard Form 4 filing for an executive's RSU settlement. The details are specific to STARZ Entertainment Corp. and Jeffrey Hirsch's compensation structure. There are no specific comparable companies or projects mentioned in the filing to benchmark against.

Stakeholder Impact

• Shareholders: The CEO's continued significant equity interest, including future vesting, aligns his incentives with shareholder value creation. The cash settlement of RSUs is a standard compensation practice.

Next Steps

• Vesting of 49,928 restricted share units on July 3, 2026.
• First equal annual installment vesting of 89,154 restricted share units on July 1, 2026.
• Second equal annual installment vesting of 89,154 restricted share units on July 1, 2027.

Key Dates

Recommendation

This Form 4 filing details a routine cash settlement of vested restricted share units by the CEO, Jeffrey Hirsch. It is a standard compensation event and does not reflect discretionary trading activity that would signal a change in management's outlook on the company's prospects. The CEO retains a substantial beneficial ownership, including significant future RSU vesting, which indicates continued alignment with long-term shareholder interests. As such, this specific filing does not provide new information warranting a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this report.

Keywords

STARZ Entertainment, STRZ, Jeffrey Hirsch, Form 4, Insider Transaction, Restricted Share Units, RSU Settlement, Executive Compensation, Equity Ownership