STRZ amended Form 4 corrects RSU count; vesting through 2028 clarified
Rhea-AI Filing Summary
Audrey Lee, an officer of Starz Entertainment Corp. (STRZ), amended a Form 4 to correct RSU share counts tied to an August 4, 2025 grant. The amendment states 6,162 RSUs were acquired on 08/04/2025 at a $0 reported price for purposes of the Form 4 filing, resulting in 30,259 common shares beneficially owned after the transaction. The filing explains the prior filing used the July 31, 2025 closing price in error. The 30,259 total includes RSUs scheduled to vest: 7,071 on 07/03/2026; 13,770 vesting in two equal installments on 07/01/2026 and 07/01/2027; and 6,162 vesting in three equal installments on 08/04/2026, 08/04/2027 and 08/04/2028.
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Insights
TL;DR: Amendment corrects RSU calculation and clarifies insider beneficial ownership totals; no cash purchase or sale indicated.
The filing is a corrective disclosure that adjusts the number of RSUs attributed to the August 4, 2025 grant because the initial filing used an incorrect closing price date. It reports an acquisition code for 6,162 RSUs with $0 price reported, consistent with typical grant reporting where no cash was exchanged. The disclosure also details vesting schedules which are relevant to assessing future dilution timing. There is no indication of sales, option exercises, or derivative transactions in this filing.
TL;DR: Governance transparency improved by correcting prior misstatement; vesting schedule disclosure informs shareholder dilution timeline.
Amending a Form 4 to correct share calculations demonstrates adherence to disclosure obligations and reduces reporting risk. The filing specifies staggered RSU vesting across 2026–2028, which clarifies when additional shares will become outstanding. The report does not signal unexpected insider selling or material governance changes. This is a procedural correction rather than a substantive corporate action altering control or strategy.