Starz Entertainment (STRZ) CEO reports tax withholding on vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Hirsch Jeffrey
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 16,048 | $28.86 | $463K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 391,307 shares (Direct, null);
Common Shares — 55,000 shares (Indirect, By Revocable Trust)
Footnotes (1)
- Represents common shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting of previously granted restricted share units ("RSUs"). 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. Held by the Jeffrey A. Hirsch Revocable Trust.
Key Figures
Tax-withheld shares: 16,048 shares
Withholding price: $28.86 per share
Direct holdings after event: 391,307 shares
+5 more
8 metrics
Tax-withheld shares
16,048 shares
Common shares withheld to satisfy tax obligations on RSU vesting
Withholding price
$28.86 per share
Price applied to 16,048 common shares withheld for taxes
Direct holdings after event
391,307 shares
Common shares directly held by Jeffrey Hirsch following the tax withholding
Indirect trust holdings
55,000 shares
Common shares held via the Jeffrey A. Hirsch Revocable Trust
RSUs vesting July 3, 2026
49,928 RSUs
Restricted share units scheduled to vest on July 3, 2026
RSUs vesting July 1, 2027
44,577 RSUs
Restricted share units scheduled to vest on July 1, 2027
RSUs in three installments from Aug 4, 2026
61,517 RSUs
RSUs vesting in three equal installments on Aug 4, 2026, 2027, 2028
RSUs in three installments from Mar 4, 2027
192,012 RSUs
RSUs vesting in three equal installments on Mar 4, 2027, 2028, 2029
Key Terms
restricted share units ("RSUs"), tax withholding obligations, Revocable Trust, beneficial ownership
4 terms
tax withholding obligations financial
"Represents common shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting of previously granted restricted share units ("RSUs")."
Revocable Trust financial
"Held by the Jeffrey A. Hirsch Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial ownership financial
"Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did STRZ CEO Jeffrey Hirsch report?
Jeffrey Hirsch reported a tax-related share disposition, not an open-market trade. The issuer withheld 16,048 common shares at $28.86 per share to satisfy tax obligations from vesting restricted share units, a common mechanism for covering withholding taxes on equity compensation.
Was the STRZ CEO’s transaction a market sale or tax withholding?
The transaction was tax withholding, not a market sale. The issuer withheld 16,048 common shares to cover tax obligations when previously granted RSUs vested. No open-market purchase or sale decision by Jeffrey Hirsch is indicated; this is a mechanical compensation-related event.
How are Hirsch’s indirect STRZ holdings structured in this Form 4?
Indirect holdings are reported through the Jeffrey A. Hirsch Revocable Trust. The filing lists 55,000 common shares as indirectly owned by Hirsch via this trust structure, distinguishing them from his directly held 391,307 shares while still counting them as beneficial ownership for reporting purposes.