Form 4: STARZ Entertainment CFO Settles Restricted Stock Units for Cash

STARZ Entertainment Corp.'s Chief Financial Officer, Scott D. Macdonald, settled a total of 29,744 restricted stock units for cash across two transactions in early July 2025.

Summary

• Scott D. Macdonald, Chief Financial Officer and Treasurer of STARZ Entertainment Corp. (STRZ), reported changes in beneficial ownership of common shares.
• On July 1, 2025, 14,817 restricted stock units (RSUs) that vested on the same date were settled in cash at a price of $16.07 per RSU.
• Following the July 1, 2025 transaction, 85,059 common shares were beneficially owned, including 11,816 RSUs vesting on July 27, 2025; 29,853 RSUs vesting in two equal annual installments on July 3, 2025 and 2026; and 29,632 RSUs vesting in two equal annual installments on July 1, 2026 and 2027.
• On July 3, 2025, an additional 14,927 RSUs that vested on the same date were settled in cash at a price of $15.82 per RSU.
• After the July 3, 2025 transaction, 70,131 common shares were beneficially owned, including 11,816 RSUs vesting on July 27, 2025; 14,926 RSUs vesting on July 3, 2026; and 29,632 RSUs vesting in two equal annual installments on July 1, 2026 and 2027.
• A previous Form 4 filed on May 6, 2025, inadvertently overstated the reporting person's holdings by one share.

Sentiment

Score: 5

Explanation: The filing details routine executive compensation events (RSU settlements) and does not contain information that would significantly alter the company's fundamental outlook or market perception.

Positives

• The settlement of restricted stock units in cash, rather than shares, avoids dilution for existing shareholders.

Negatives

• The cash settlement of RSUs represents a cash outflow for the company related to executive compensation.

Future Outlook

The document primarily details past and scheduled future vesting of restricted stock units for an executive, without providing forward-looking statements on the company's financial performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider's compensation-related transactions, common across all publicly traded companies. It does not provide insights into broader industry trends or competitive dynamics within the entertainment sector.

Related Party Transactions

• The settlement of restricted stock units (RSUs) for cash represents a compensation transaction between the company and its Chief Financial Officer, Scott D. Macdonald.

Stakeholder Impact

• Shareholders: The cash settlement of RSUs avoids share dilution that would occur if settled in equity, but results in a cash outflow for compensation.
• Employees (specifically the CFO): The transactions represent the realization of vested compensation.

Next Steps

• Scheduled vesting of 11,816 RSUs on July 27, 2025.
• Scheduled vesting of 14,926 RSUs on July 3, 2026.
• Scheduled vesting of 29,632 RSUs in two equal annual installments on July 1, 2026, and July 1, 2027.

Key Dates

Keywords

STARZ Entertainment, STRZ, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Scott D. Macdonald, CFO