MACDONALD SCOTT D 4

What Happened

Scott D. Macdonald, Chief Financial Officer and Treasurer of Starz Entertainment Corp (STRZ), had 5,458 common shares withheld by the issuer to satisfy tax-withholding obligations related to vested restricted stock units (RSUs). The shares were valued at $28.99 each for a total of $158,227. This was a withholding (code F) to cover tax liability — a routine administrative disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-07-03; filing date: 2026-07-08.
• Amount: 5,458 shares withheld at $28.99 per share; total value ~$158,227.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1 — Shares were withheld by the issuer to satisfy tax withholding on vested RSUs.
  • F2 — The filing notes outstanding RSU grants (totaling 35,934 RSUs across various vesting schedules: 14,816; 8,933 in three equal installments; 12,185 in three equal installments).
  • F3 — Some holdings are held by the Scott D. Macdonald Living Trust dated April 21, 2023.
• Timeliness: The Form 4 was filed five days after the reported transaction. Form 4s are typically due within two business days, so this appears to be a late filing.

Context

Code F transactions indicate shares were surrendered or withheld to cover taxes on vested equity (commonly called "sell-to-cover" or share withholding). These are administrative and do not necessarily signal insider sentiment about the company. Purchases or open-market sales generally convey more informational value to investors than routine tax withholdings.