Starz (STRZ) CFO reports 4,223-share tax withholding, 61,453 shares held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Starz Entertainment Corp. CFO Scott D. Macdonald reported routine share movements tied to equity compensation. On the filing date, 4,223 common shares were withheld at $28.86 per share to satisfy tax withholding obligations upon vesting of previously granted restricted share units.
After this tax-withholding disposition, he holds 61,453 common shares directly and 18,757 common shares indirectly through the Scott D. Macdonald Living Trust. Footnotes also show sizable unvested RSU awards scheduled to vest between 2026 and 2029, which may convert into additional 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 | 4,223 | $28.86 | $122K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 61,453 shares (Direct, null);
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) 14,926 RSUs scheduled to vest on July 3, 2026; (ii) 14,816 RSUs scheduled to vest on July 1, 2027; (iii) 8,933 RSUs scheduled to vest in three equal installments on August 4, 2026, 2027 and 2028; and (iv) 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-withheld shares: 4,223 shares
Tax-withholding price: $28.86 per share
Direct holdings after transaction: 61,453 shares
+5 more
8 metrics
Tax-withheld shares
4,223 shares
Common shares withheld to satisfy tax obligations on RSU vesting
Tax-withholding price
$28.86 per share
Value used for 4,223 withheld shares
Direct holdings after transaction
61,453 shares
Common shares held directly by CFO following withholding
Indirect holdings via trust
18,757 shares
Common shares held by Scott D. Macdonald Living Trust
RSUs vesting July 3, 2026
14,926 RSUs
Payable in an equal number of common shares upon vesting
RSUs vesting July 1, 2027
14,816 RSUs
Scheduled single vesting date
RSUs vesting Aug 4, 2026-2028
8,933 RSUs
Vest in three equal installments on Aug 4, 2026, 2027, 2028
RSUs vesting May 13, 2027-2029
12,185 RSUs
Vest in three equal installments on May 13, 2027, 2028, 2029
Key Terms
restricted share units ("RSUs"), tax withholding obligations, Revocable Trust, Living Trust, +1 more
5 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
"Common Shares, indirect ownership, 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.
Living Trust financial
"Held by the Scott D. Macdonald Living Trust dated April 21, 2023."
vesting financial
"RSUs scheduled to vest on July 3, 2026; July 1, 2027; and in three equal installments on later dates."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did STRZ CFO Scott D. Macdonald report in this Form 4?
He reported a tax-withholding disposition of 4,223 Starz common shares. These shares were withheld by the company to cover tax obligations on vested RSUs, a routine compensation-related event rather than an open-market sale or purchase.
What RSU awards for STRZ does the CFO still have outstanding?
Footnotes list unvested RSUs totaling 50,860 units that convert into shares upon vesting. They are scheduled to vest across specific dates from July 2026 through May 2029, supporting a multi-year equity compensation package tied to company stock.
How is the CFO’s indirect ownership in STRZ structured?
His indirect ownership is held through the Scott D. Macdonald Living Trust dated April 21, 2023. The trust holds 18,757 Starz common shares, and these are reported as indirectly owned by the CFO in the Form 4 filing.
Does this STRZ Form 4 indicate a change in the CFO’s confidence?
The filing mainly shows tax withholding and updated holdings, not open-market trading. Tax-withholding dispositions are mechanical events linked to RSU vesting, so they typically do not signal a change in the executive’s view of the company.