Form 4: STARZ ENTERTAINMENT CORP: Executive Sells Shares
Insider Transaction Filing
STARZ ENTERTAINMENT CORP executive Jason Wyrick reported a transaction involving the sale of common shares to cover tax obligations.
Summary
- Jason Wyrick, EVP of Technology at STARZ ENTERTAINMENT CORP, reported a transaction on July 3, 2026.
- This transaction involved the disposition of 1,153 common shares, valued at $28.99 per share, to satisfy tax withholding obligations upon the vesting of restricted share units (RSUs).
- Following this transaction, Wyrick beneficially owns 24,801 common shares.
- The reported amount includes 4,543 RSUs scheduled to vest on July 1, 2027, and other RSUs with vesting dates in 2026, 2027, 2028, and 2029.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it represents a standard insider transaction for tax purposes rather than a reflection of the company's performance or future prospects.
Future Outlook
The filing details future vesting schedules for restricted share units (RSUs) held by Jason Wyrick, with vesting dates extending through 2029.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock dealings. This specific filing indicates a common practice of executives selling shares to cover tax liabilities incurred from vesting equity awards.
Stakeholder Impact
- Shareholders: Increased transparency into executive compensation and stock ownership. The transaction itself is a standard tax-related event and not indicative of a change in the executive's confidence in the company.
- Employees: Highlights the equity-based compensation structure for key executives.
- Management: Demonstrates adherence to SEC disclosure requirements regarding beneficial ownership changes.
Next Steps
- Continued vesting of RSUs for Jason Wyrick as per the outlined schedule through 2029.
Key Dates
| Date | Description |
|---|---|
| 07/03/2026 | Transaction Date for disposition of common shares and RSU vesting. |
| 07/08/2026 | Date of signature for the filing. |
| 08/04/2026 | Vesting date for a portion of RSUs. |
| 05/13/2027 | Vesting date for a portion of RSUs. |
| 07/01/2027 | Vesting date for a portion of RSUs. |
| 2027 | Vesting year for RSUs. |
| 2028 | Vesting year for RSUs. |
| 2029 | Vesting year for RSUs. |
Keywords
STARZ ENTERTAINMENT CORP, STRZ, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding, Jason Wyrick
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