STARZ (STRZ) CFO Scott D. Macdonald Receives RSU Award; 3,900 Shares Withheld

What Happened

• Scott D. Macdonald, CFO and Treasurer of STARZ Entertainment Corp (STRZ), had restricted share units settle on Aug 4, 2026. The filing shows an award/acquisition of 5,935 shares (priced at $0.00 as RSU settlement) and the withholding/disposition of 1,303 and 2,597 shares (total 3,900 shares) to cover tax obligations at $26.05 per share.
• The withheld shares generated proceeds of $33,943 and $67,652 respectively, for a combined tax-withholding amount of $101,595. The acquisition entry reflects RSUs issued/settled rather than an open-market purchase.

Key Details

• Transaction date: Aug 4, 2026; Form 4 filed Aug 6, 2026 (generally within the 2-business-day reporting window).
• Withheld (disposed) shares: 1,303 @ $26.05 = $33,943 and 2,597 @ $26.05 = $67,652 (total withheld 3,900 shares, $101,595).
• Award/acquisition: 5,935 shares @ $0.00 (RSU settlement).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes of note:
  • F1/F4: Shares were withheld by the issuer to satisfy tax withholding on settled RSUs and performance-based RSUs.
  • F2: Describes additional RSU grants outstanding that vest on future dates (e.g., 14,816 RSUs vesting July 1, 2027; 5,955 RSUs vesting in two installments Aug 4, 2027/2028; 12,185 RSUs vesting in three installments May 13, 2027–2029).
  • F3: Some shares were issued upon settlement of previously granted performance-based RSUs.
  • F5: Some holdings are held by the Scott D. Macdonald Living Trust dated April 21, 2023.

Context

• This filing reflects RSU settlements with issuer share withholding to cover tax obligations (a common cashless settlement mechanism), not an open-market sale or purchase by the insider. Withholding for taxes often appears as a “Disposition” on Form 4 even though the economic event is the settlement of compensation awards.
• These transactions are routine compensation-related actions and do not necessarily signal a change in insider sentiment.