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STARZ ENTERTAINMENT CORP /CN/·4

May 14, 6:38 PM ET

MACDONALD SCOTT D 4

Research Summary

AI-generated summary

Updated

STRZ Insider Scott D. Macdonald Buys 5,000 Shares; Receives 12,185 RSUs

What Happened
Scott D. Macdonald (reported as an insider) made two transactions in mid‑May 2026: an open‑market purchase of 5,000 shares of Starz Entertainment Corp. (STRZ) on May 12, 2026 at $20.59 per share for a total of $102,950, and an award/grant on May 13, 2026 of 12,185 restricted stock units (RSUs) valued at $0 at grant (they convert to shares when they vest). The purchase is a direct buy (bullish signal in that cash was used to acquire stock); the RSUs are a standard equity award that vests over future dates.

Key Details

  • Transaction dates and prices:
    • May 12, 2026 — Open‑market purchase (P): 5,000 shares @ $20.59 = $102,950 (reported as two purchases at the same price per footnote).
    • May 13, 2026 — Award/grant (A): 12,185 RSUs @ $0 (RSUs vest into shares later).
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes of interest:
    • F1: The 5,000‑share purchase was executed in two trades at $20.59; the filer will provide trade‑by‑trade details on request.
    • F2: Some shares are held by the "Scott D. Macdonald Living Trust dated April 21, 2023" — these were inadvertently reported as held directly by the reporting person.
    • F3: The RSU amount ties into a broader grant schedule: portions of RSUs vest on various future dates (including a 12,185 tranche that vests in three equal annual installments on May 13, 2027–2029, plus other scheduled tranches listed in the footnote).
    • F4: Includes adjusted RSUs from a prior Form 4/A filed Aug 14, 2025.
  • Filing timeliness: Report filed May 14, 2026 for transactions on May 12–13, 2026 — appears to be filed on time (within Form 4 reporting window).

Context

  • RSUs = restricted stock units that convert into common shares when they vest; receiving an RSU grant does not immediately increase tradable shares until vesting occurs.
  • Purchases (cash buys) are often watched by investors as a direct investment by insiders; awards and RSUs are routine compensation and vest over time.
  • No indication in the filing of sales, 10b5‑1 plans, tax‑withholding sales, or late filing penalties.