Hirsch Jeffrey 4
Research Summary
AI-generated summary
STARZ (STRZ) CEO Jeffrey Hirsch Receives RSU Award
What Happened
- Jeffrey Hirsch, President & CEO and a director of STARZ Entertainment Corp (STRZ), was granted 192,012 restricted stock units (RSUs) on March 4, 2026. The RSUs are reported at $0.00 per share (award compensation), so no cash purchase was made.
- This is a compensation grant (award), not a market buy or sale. RSUs convert to common shares only as they vest, so this is not an immediate change in open-market ownership.
Key Details
- Transaction date: 2026-03-04; Form 4 filed: 2026-03-10 (filed six days after the transaction, beyond the typical two-business-day Form 4 deadline).
- Reported amount: 192,012 RSUs @ $0.00 (acquired as an award).
- Shares owned after transaction: not specified in the provided filing summary.
- Footnote F1: The filing states the amount includes multiple RSU tranches with specific vesting schedules — (i) 49,928 RSUs vesting July 3, 2026; (ii) 89,154 RSUs vesting in two equal annual installments on July 1, 2026 and 2027; (iii) 61,517 RSUs vesting in three equal installments on August 4, 2026–2028; and (iv) 192,012 RSUs vesting in three equal installments on March 4, 2027–2029.
Context
- RSU grants are common forms of executive compensation and only convert to shares upon vesting; they are different from open-market purchases (which some investors view as stronger bullish signals).
- Because these are awards reported at $0, there was no cash traded. The vesting schedule determines when Hirsch will actually receive shares and potential taxable events.