STARZ (STRZ) CFO Macdonald reports 5,458-share tax withholding and updated holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STARZ Entertainment Corp. executive Scott D. Macdonald reported routine share movements related to equity compensation. The main transaction was a disposition of 5,458 common shares at $28.99 per share, withheld by the company to cover tax obligations when previously granted restricted share units vested. After this tax-withholding event, Macdonald directly owned 55,995 common shares, and indirectly held 18,757 common shares through the Scott D. Macdonald Living Trust. The filing also notes additional restricted share units scheduled to vest over several future dates, which will convert into common shares as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MACDONALD SCOTT D
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 5,458 | $28.99 | $158K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 55,995 shares (Direct);
Common Shares — 18,757 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) 14,816 RSUs scheduled to vest on July 1, 2027; (ii) 8,933 RSUs scheduled to vest in three equal installments on August 4, 2026, 2027 and 2028; and (iii) 12,185 RSUs scheduled to vest in three equal installments on May 13, 2027, 2028 and 2029. Held by the Scott D. Macdonald Living Trust dated April 21, 2023.
Key Figures
Tax-withholding shares: 5,458 shares
Tax-withholding price: $28.99/share
Direct holdings after transaction: 55,995 shares
+4 more
7 metrics
Tax-withholding shares
5,458 shares
Common shares withheld to satisfy tax obligations
Tax-withholding price
$28.99/share
Value used for withheld common shares
Direct holdings after transaction
55,995 shares
Common shares directly owned after tax withholding
Indirect holdings via trust
18,757 shares
Common shares held by Scott D. Macdonald Living Trust
RSUs vesting July 1, 2027
14,816 RSUs
Payable in an equal number of common shares
RSUs vesting Aug 4, 2026–2028
8,933 RSUs
Vest in three equal annual installments
RSUs vesting May 13, 2027–2029
12,185 RSUs
Vest in three equal annual installments
Key Terms
restricted share units, RSUs, tax withholding obligations, Living Trust, +1 more
5 terms
RSUs financial
"Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer:"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
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")."
Living Trust financial
"Held by the Scott D. Macdonald Living Trust dated April 21, 2023."
Revocable Trust financial
"Common Shares entry shows ownership type as indirect, nature of ownership: By 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.
FAQ
What insider transaction did STRZ executive Scott D. Macdonald report?
Scott D. Macdonald reported a tax-withholding disposition of 5,458 STRZ common shares. These shares were withheld by the company at $28.99 per share to satisfy tax obligations arising from the vesting of previously granted restricted share units.
Was the STRZ insider transaction an open-market sale or a tax withholding?
The transaction was not an open-market sale; it was a tax-withholding disposition. STARZ withheld 5,458 shares from Scott D. Macdonald when his restricted share units vested, using those shares to cover required tax liabilities.