MACDONALD SCOTT D 4
Research Summary
AI-generated summary
STRZ CFO Scott MacDonald Withholds 4,223 Shares for Taxes
What Happened Scott D. MacDonald, Chief Financial Officer and Treasurer of Starz Entertainment Corp. (STRZ), had 4,223 common shares withheld by the issuer on July 1, 2026 to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The withheld shares were valued at $28.86 each, for a total value of approximately $121,876. This was not an open-market sale but a routine tax-withholding transaction related to awards vesting (transaction code F).
Key Details
- Transaction date and price: July 1, 2026; 4,223 shares withheld at $28.86 per share (total ~ $121,876).
- Transaction type: F — shares withheld to satisfy tax withholding on RSU vesting (not a market sale).
- Shares owned after transaction: Not disclosed in this filing.
- Notable footnotes:
- F1: Shares were withheld by the issuer to satisfy tax withholding on vested RSUs.
- F2: The filing discloses RSU grants payable on future vesting dates, totaling 50,860 RSUs across schedules in 2026–2029 (details in the filing).
- F3: Reported holdings are held by the Scott D. Macdonald Living Trust dated April 21, 2023.
- Filing timeliness: No late filing is indicated in the provided report.
Context This was a routine withholding of shares to cover tax liabilities from RSU vesting (a common corporate practice) rather than a discretionary sale or purchase. Withholding reduces the insider's outstanding shares but typically does not signal a change in sentiment about the company's prospects.