Form 4: STARZ Entertainment Executive Settles Vested Restricted Stock Units for Cash

Jason Wyrick, Executive Vice President of Technology at STARZ Entertainment Corp., settled a total of 8,554 vested restricted stock units (RSUs) for cash in early July 2025.

Summary

• Jason Wyrick, Executive Vice President, Technology at STARZ Entertainment Corp. (STRZ), reported changes in his beneficial ownership of common shares.
• On July 1, 2025, 4,543 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 1st transaction, Wyrick beneficially owned 23,442 common shares.
• On July 3, 2025, an additional 4,011 restricted stock units (RSUs) that vested on the same date were settled in cash at a price of $15.82 per RSU.
• After the July 3rd transaction, Wyrick's beneficial ownership of common shares decreased to 19,431.
• The remaining beneficial ownership includes 3,175 RSUs scheduled to vest on July 27, 2025.
• It also includes 4,010 RSUs scheduled to vest on July 3, 2026.
• Additionally, 9,086 RSUs are scheduled to vest in two equal annual installments on July 1, 2026, and July 1, 2027.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to executive compensation (RSU vesting and settlement). These are expected events and do not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The document primarily reports past and scheduled RSU vesting and settlement events, and does not provide a general future outlook for the company's operations or financial performance.

Industry Context

This Form 4 filing details a routine insider transaction involving the settlement of vested restricted stock units, which is a common component of executive compensation packages across various industries, including entertainment. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The transactions involve the settlement of Restricted Stock Units granted by STARZ Entertainment Corp. to its Executive Vice President, Technology, Jason Wyrick, which is a standard compensation arrangement between an executive and the company.

Stakeholder Impact

• Shareholders: The settlement of RSUs for cash results in a minor reduction in the number of common shares beneficially owned by an executive, which is a routine part of compensation and generally has a negligible direct impact on existing shareholders.
• Employees: The RSU settlement demonstrates the company's commitment to its executive compensation plans, which can positively influence employee morale and retention, particularly for those with similar equity-based incentives.

Next Steps

• 3,175 Restricted Stock Units are scheduled to vest on July 27, 2025.
• 4,010 Restricted Stock Units are scheduled to vest on July 3, 2026.
• 9,086 Restricted Stock Units are scheduled to vest in two equal annual installments on July 1, 2026, and July 1, 2027.

Key Dates

Keywords

STARZ Entertainment Corp, STRZ, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Settlement, Executive Compensation, Beneficial Ownership, Jason Wyrick