Form 4: Starz Executive Jason Wyrick Settles Restricted Stock Units for Cash
Insider Transaction Report
Starz Entertainment Corp. Executive Vice President of Technology, Jason Wyrick, settled 3,175 restricted share units for cash at $15.41 per share.
Summary
- Jason Wyrick, Executive Vice President of Technology at STARZ ENTERTAINMENT CORP (STRZ), settled 3,175 common shares from vested restricted share units (RSUs).
- The settlement occurred on July 28, 2025, for RSUs that vested on July 27, 2025 (a non-business day).
- The company elected to settle these RSUs in cash, with each unit valued at $15.41, based on the closing price of the common stock on July 25, 2025.
- Following this transaction, Jason Wyrick beneficially owns 16,256 common shares.
- The remaining beneficial ownership includes 4,010 RSUs scheduled to vest on July 3, 2026, and 9,086 RSUs scheduled to vest in two equal annual installments on July 1, 2026, and July 1, 2027.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine executive compensation event involving the cash settlement of vested restricted share units, with no significant positive or negative implications for the company's operational or financial performance.
Positives
- The executive received a cash payout for vested restricted share units, representing a realized compensation benefit.
Negatives
- No direct negative implications are apparent from this routine compensation event.
Future Outlook
Future compensation for the Executive Vice President, Technology, includes 4,010 restricted share units scheduled to vest on July 3, 2026, and an additional 9,086 restricted share units set to vest in two equal annual installments on July 1, 2026, and July 1, 2027.
Industry Context
This filing is a routine disclosure of an executive's compensation event and does not provide broader industry context or trends.
Related Party Transactions
- The settlement of restricted share units for cash is a transaction between the company and an executive, which is a standard form of related party compensation.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine compensation event. The cash settlement avoids immediate share dilution from this specific vesting event, though future RSU vestings could lead to share issuance.
Next Steps
- Vesting of 4,010 restricted share units on July 3, 2026.
- First installment vesting of 9,086 restricted share units on July 1, 2026.
- Second installment vesting of 9,086 restricted share units on July 1, 2027.
Key Dates
| Date | Description |
|---|---|
| 07/25/2025 | Transaction date and deemed execution date for the RSU settlement, also the date used for the closing price to determine cash settlement value. |
| 07/27/2025 | Vesting date for the restricted share units (a non-business day). |
| 07/28/2025 | Settlement date for the vested restricted share units. |
| 07/29/2025 | Signature date of the Form 4 filing. |
| 07/01/2026 | First annual installment vesting date for 9,086 remaining restricted share units. |
| 07/03/2026 | Vesting date for 4,010 remaining restricted share units. |
| 07/01/2027 | Second annual installment vesting date for 9,086 remaining restricted share units. |
Keywords
Starz Entertainment Corp, STRZ, Jason Wyrick, Restricted Share Units, RSU, Executive Compensation, Insider Transaction, Form 4
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