Form 4: Starz Entertainment Corp: Officer Scott Macdonald Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Scott Macdonald, a Chief Financial Officer and Treasurer at Starz Entertainment Corp, filed a Form 4 disclosing transactions related to common shares and stock options.
Summary
- On May 9, 2025, Scott Macdonald filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Starz Entertainment Corp. securities.
- Macdonald acquired 86,118 common shares at $0 and disposed of 99,876 shares.
- The transactions also involve non-qualified stock options with varying exercise prices and expiration dates.
- These transactions are related to the arrangement agreement consummated on May 6, 2025, and the conversion of equity awards under the Starz 2025 Plan.
- The filing also includes a power of attorney granted to Audrey Lee, Elizabeth Patterson, and Le Marjanac to handle SEC filings on Macdonald's behalf.
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 company officers and directors to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
- The power of attorney ensures continued compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of the Arrangement Agreement. |
| March 12, 2025 | Date of the amending agreement to the Arrangement Agreement. |
| May 6, 2025 | Consummation of the transactions contemplated by the Arrangement Agreement. |
| May 7, 2027 | Expiration date for some non-qualified stock options. |
| May 9, 2025 | Date of the reported transactions and filing of Form 4. |
| May 13, 2025 | Date of signature on the Form 4 filing. |
| July 1, 2025 | Vesting date for some restricted share units (RSUs). |
| July 3, 2025 | Vesting date for some restricted share units (RSUs). |
| July 27, 2025 | Vesting date for some restricted share units (RSUs). |
| July 1, 2026 | Vesting date for some restricted share units (RSUs). |
| July 3, 2026 | Vesting date for some restricted share units (RSUs). |
| July 1, 2027 | Vesting date for some restricted share units (RSUs). |
| July 1, 2029 | Expiration date for some non-qualified stock options. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Common Shares, Starz Entertainment Corp, SEC Filing, Macdonald, Transactions
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