Starz CEO has shares withheld for RSU tax
Starz Entertainment Corp. President and CEO Jeffrey Hirsch reported routine equity compensation activity rather than open-market trading.
Rhea-AI Filing Summary
Starz Entertainment Corp. President and CEO Jeffrey Hirsch reported routine equity compensation activity rather than open-market trading. On common shares, the issuer withheld 16,048 shares at $28.86 per share to cover tax obligations triggered by the vesting of previously granted restricted share units (RSUs). After this tax-withholding disposition, Hirsch directly holds 391,307 common shares and indirectly holds 55,000 common shares through the Jeffrey A. Hirsch Revocable Trust. He also has outstanding RSU awards that may convert into additional common shares upon future vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 16,048 | $28.86 | $463K |
| holding | Common Shares | -- | -- | -- |
Footnotes (3)
- F1. Represents common shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting of previously granted restricted share units ("RSUs").
- F2. Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 49,928 RSUs scheduled to vest on July 3, 2026; (ii) 44,577 RSUs scheduled to vest on July 1, 2027; (iii) 61,517 RSUs scheduled to vest in three equal installments on August 4, 2026, 2027 and 2028; and (iv) 192,012 RSUs scheduled to vest in three equal installments on March 4, 2027, 2028 and 2029.
- F3. Held by the Jeffrey A. Hirsch Revocable Trust.
Key Figures
Key Terms
tax withholding obligations financial
Revocable Trust financial
beneficial ownership financial
FAQ
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What insider transaction did STRZ CEO Jeffrey Hirsch report?
Was the STRZ CEO’s transaction a market sale or tax withholding?
How are Hirsch’s indirect STRZ holdings structured in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.