Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-16

Starz Entertainment (STRZ)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,753,823
Jeffrey Hirsch total, FY2025
1st
CEO pay percentile vs peers
67:1
CEO-to-median pay ratio
82.81%
Say-on-pay support, latest vote
Companies that benchmark against STRZ
1 company names STRZ as a compensation peer

Each company listed discloses STRZ in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named STRZ in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jeffrey Hirsch$1,162,877$0$2,530,994$0$2,950,493$96,218$13,241$6,753,823
Chief Executive Officer and President
Alison Hoffman856,1640969,2970902,376026,3322,754,169
President, Starz Networks
Scott Macdonald682,9720708,2900570,40521,45125,3322,008,450
Chief Financial Officer
Audrey Lee562,4360361,9100346,517027,7831,298,646
EVP, General Counsel
Jason Wyrick438,7140231,1290266,600021,247957,690
EVP, Technology
Jon Feltheimer152,0550000072,028224,083
Chief Executive Officer, Old Lionsgate
James Barge126,712000002,674129,386
Chief Financial Officer, Old Lionsgate

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Jeffrey Hirsch$6,753,823
Alison Hoffman2,754,169
Scott Macdonald2,008,450
Audrey Lee1,298,646
Jason Wyrick957,690
Jon Feltheimer224,08318,213,94821,528,409−17,989,865
James Barge129,3868,627,09510,871,075−8,497,709

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey HirschRSU2025-06-2635,475$546,670
Scott MacdonaldRSU2025-06-2613,039209,537
Scott MacdonaldRSU2025-06-2610,399160,249
Alison HoffmanRSU2025-08-0413,457196,875
Jason WyrickRSU2025-06-263,53055,845
Jason WyrickRSU2025-06-262,79443,056
Audrey LeeRSU2025-06-266,06097,384
Audrey LeeRSU2025-08-046,16290,153
Scott MacdonaldRSU2025-06-2613,136207,812
Jason WyrickRSU2025-06-263,99864,248
Jason WyrickRSU2025-08-044,64767,980
Jeffrey HirschRSU2025-06-2639,228630,394
Jeffrey HirschRSU2025-06-2643,937695,083
Jeffrey HirschRSU2025-12-0861,517658,847
Alison HoffmanRSU2025-06-2611,440176,290
Alison HoffmanRSU2025-06-2619,223304,108
Alison HoffmanRSU2025-06-2618,172292,024
Audrey LeeRSU2025-06-266,22398,448
Audrey LeeRSU2025-06-264,92775,925
Scott MacdonaldRSU2025-08-048,933130,693
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffrey Hirsch$2,530,994$0$00.0%
Scott Macdonald708,291000.0%
Alison Hoffman969,297000.0%
Jason Wyrick231,129000.0%
Audrey Lee361,910000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Scott MacdonaldPSU29,632$346,694
Jeffrey HirschPSU143,5411,679,429
Jeffrey HirschRSU89,1541,043,101
Jeffrey HirschPSU89,1541,043,101
Jeffrey HirschRSU61,517719,748
Jeffrey HirschRSU49,928584,157
Jeffrey HirschPSU49,928584,157
Alison HoffmanRSU41,298483,186
Alison HoffmanPSU41,298483,186
Alison HoffmanPSU31,400367,380
Scott MacdonaldRSU29,632346,694
Alison HoffmanRSU21,843255,563
Alison HoffmanPSU21,843255,563
Audrey LeeRSU13,770161,109
Scott MacdonaldPSU20,844243,874
Scott MacdonaldRSU14,926174,637
Audrey LeeRSU7,07182,730
Scott MacdonaldPSU14,926174,637
Audrey LeePSU14,378168,222
Audrey LeePSU13,770161,109
Scott MacdonaldRSU8,933104,516
Alison HoffmanRSU13,457157,446
Jason WyrickPSU10,842126,851
Jason WyrickRSU9,086106,306
Jason WyrickPSU9,086106,306
Audrey LeePSU7,07182,730
Audrey LeeRSU6,16272,095
Jason WyrickRSU4,64754,369
Jason WyrickRSU4,01046,917
Jason WyrickPSU4,01046,917
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company follows a pay-for-performance philosophy designed to attract, retain, and motivate top executive talent by aligning compensation with financial and strategic metrics that drive shareholder value. The program emphasizes a significant portion of 'at-risk' compensation, with a mix of fixed and variable pay that is benchmarked against a peer group of entertainment, media, and technology companies.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1511,568,0842,400,88128,77182.81%Passed
20222022-09-1365,758,7142,479,71750,72796.37%Passed
20212021-09-1457,312,75712,558,770999,93982.03%Passed
20202020-09-1557,649,5135,175,854999,93991.76%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1582.81%a
20222022-09-1396.37%b
20212021-09-1482.03%c

a. Approved under the standard stated in the filing — “Abstentions are not treated as votes cast and are not counted in the determination of the number of votes necessary for election of each of the nominated directors.”.

b. Approved under the standard stated in the filing — “As such, abstentions and broker-non votes are not treated as votes cast and are not counted in the determination of the outcome of Proposal 3.”.

c. Approved under the standard stated in the filing — “As such, abstentions are not treated as votes cast and are not counted in the determination of the outcome of Proposal 2.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)67 : 1
CEO total compensation$6,753,823
Median employee compensation$100,157
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael BurnsNot independent · Board Chair$100,000$0$0$0$400,000$500,000
Joshua SapanIndependent · Audit & Risk86,667000086,667
Hardwick SimmonsIndependent · Audit & Risk86,667000086,667
Mark H. Rachesky, M.DIndependent · Audit & Risk82,075000082,075
Lisa GershIndependent · Audit & Risk80,000000080,000
Emily FineIndependent · Nominating & Corporate Governance · Compensation & Talent76,804000076,804
Mignon ClyburnIndependent · Audit & Risk66,667000066,667
Bruce MannIndependent · Audit & Risk66,667000066,667
Ed WilsonIndependent · Audit & Risk36,558000036,558
Jeffrey A. HirschEmployee director0
Ramin AraniIndependent · Newly elected
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 30,000 / 20,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$682,105
Equity awards (grant-date value)$0
All other compensation$400,000
Total cost of the board$1,082,105

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Starz Entertainment names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Starz Entertainment.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1TKO Group Holdings, Inc.2025Ariel Emanuel$3,000,000$43,982,679$0$8,120,000$67,361,782
2Nexstar Media Group, Inc.2025Perry Sook3,000,00029,584,40504,085,07239,509,740
3Roku, Inc.2025Anthony Wood1,000,00012,702,99012,832,220026,565,120
4Sphere Entertainment Co.2025James Dolan230,000013,027,275378,99414,284,275
5AMC Networks Inc.2025Kristin Dolan2,000,0004,231,55306,030,28812,525,644
6fuboTV, Inc.2025David Gandler1,180,3007,901,64101,643,30910,886,885
7Sinclair, Inc.2025Christopher Ripley1,000,0006,761,54302,079,65210,824,228
8The E.W. Scripps Company2025Adam Symson1,350,0003,945,07701,792,1257,239,619
9Starz Entertainment2025Jeffrey Hirsch1,162,8772,530,99402,950,4936,753,823
Madison Square Garden Sports Corp.not in coverage universe
Madison Square Garden Entertainment Corp.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Starz Entertainmentnot disclosedPSU 70 · RSU 30not disclosedPay Governance
AMC Networks Inc.101%Cash LTI 50 · RSU 50NoPay Governance LLC (through December 2025); ClearBridge Compensation Group LLC (engaged December 18, 2025)
fuboTV, Inc.116%RSU 50 · PSU 50NoAon (2025 Transition Period); Pay Governance (fiscal 2026 forward)
Madison Square Garden Entertainment Corp.not disclosednot disclosednot disclosednot disclosed
Madison Square Garden Sports Corp.not disclosednot disclosednot disclosednot disclosed
Nexstar Media Group, Inc.113%RSU 50 · PSU 50Yes — Relative TSR vs Peer GroupMeridian
Roku, Inc.not disclosedOptions 50 · RSU 50not disclosedCompensia
Sinclair, Inc.not disclosednot disclosednot disclosednot disclosed
Sphere Entertainment Co.123.33%not disclosedNoClearBridge Compensation Group LLC
The E.W. Scripps Company88.5%PSU 60 · RSU 40NoKorn Ferry
TKO Group Holdings, Inc.not disclosedRSU 100not disclosedPay Governance

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jeffrey HirschDEF 14A2026-04-020000929351-26-000021Section “Summary Compensation Table” · page 57. As printed: 6,753,823. Filing ↗
2Section 01, Alison HoffmanDEF 14A2026-04-020000929351-26-000021Section “Summary Compensation Table” · page 57. As printed: 2,754,169. Filing ↗
3Section 01, Scott MacdonaldDEF 14A2026-04-020000929351-26-000021Section “Summary Compensation Table” · page 57. As printed: 2,008,450. Filing ↗
4Section 01, Audrey LeeDEF 14A2026-04-020000929351-26-000021Section “Summary Compensation Table” · page 57. As printed: 1,298,646. Filing ↗
5Section 01, Jason WyrickDEF 14A2026-04-020000929351-26-000021Section “Summary Compensation Table” · page 57. As printed: 957,690. Filing ↗
6Section 01, Jon FeltheimerDEF 14A2026-04-020000929351-26-000021Section “Summary Compensation Table” · page 57. As printed: 224,083. Filing ↗
7Section 01, James BargeDEF 14A2026-04-020000929351-26-000021Section “Summary Compensation Table” · page 57. As printed: 129,386. Filing ↗
8Section 03, Jeffrey Hirsch RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1000561–1000568
9Section 03, Scott Macdonald RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1036132–1036139
10Section 03, Scott Macdonald RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1030436–1030443
11Section 03, Alison Hoffman RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Jason Wyrick RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1062305–1062311
13Section 03, Jason Wyrick RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1059474–1059480
14Section 03, Audrey Lee RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1050876–1050882
15Section 03, Audrey Lee RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
16Section 03, Scott Macdonald RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1033278–1033285
17Section 03, Jason Wyrick RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1065148–1065154
18Section 03, Jason Wyrick RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
19Section 03, Jeffrey Hirsch RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1006266–1006273
20Section 03, Jeffrey Hirsch RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1003415–1003422
21Section 03, Jeffrey Hirsch RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1009145–1009152
22Section 03, Alison Hoffman RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1015454–1015461
23Section 03, Alison Hoffman RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1018308–1018315
24Section 03, Alison Hoffman RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1021159–1021166
25Section 03, Audrey Lee RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1048046–1048052
26Section 03, Audrey Lee RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1045228–1045234
27Section 03, Scott Macdonald RSUDEF 14A2026-04-020000929351-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
28Section 07, pay ratioDEF 14A2026-04-020000929351-26-000021Section “CEO Pay Ratio”. As printed: 67 : 1. Filing ↗
29Section 08, Michael BurnsDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 500,000. Filing ↗
30Section 08, Joshua SapanDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 86,667. Filing ↗machine: span 578359–578365
31Section 08, Hardwick SimmonsDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 86,667. Filing ↗
32Section 08, Mark H. Rachesky, M.DDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 82,075. Filing ↗machine: span 576121–576127
33Section 08, Lisa GershDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 562346–562352
34Section 08, Emily FineDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 76,804. Filing ↗machine: span 557785–557791
35Section 08, Mignon ClyburnDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 66,667. Filing ↗machine: span 554895–554901
36Section 08, Bruce MannDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 66,667. Filing ↗machine: span 571544–571550
37Section 08, Ed WilsonDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 36,558. Filing ↗machine: span 587545–587551
38Section 08, Jeffrey A. HirschDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: 0. Filing ↗
39Section 08, Ramin AraniDEF 14A2026-04-020000929351-26-000021Section “Director Compensation”. As printed: —. Filing ↗
40Section 06, 2026 voteForm 8-K2026-05-180000929351-26-000034Item 5.07 · say-on-pay result. As reported: 82.81% (votes for as printed: 11,568,084). Filing ↗
41Section 06, 2022 voteForm 8-K2022-09-140000929351-22-000026Item 5.07 · say-on-pay result. As reported: 96.37%. Filing ↗
42Section 06, 2021 voteForm 8-K2021-09-150000929351-21-000026Item 5.07 · say-on-pay result. As reported: 82.03%. Filing ↗
43Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
44Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
45Section 09b board cost (computed)ComputedcomputedCash 682,105 + equity 0 + all other 400,000 = 1,082,105, summed across the director compensation table rows.machine: formula: Σ = 1,082,105
46TKO Group Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173833CEO total compensation as printed in TKO Group Holdings, Inc.'s own proxy. As printed: 67,361,782. Filing ↗machine: r2 · c53 · span 497557–497567
47Nexstar Media Group, Inc., Section 10b CEO totalDEF 14A2026-04-300001142417-26-000016CEO total compensation as printed in Nexstar Media Group, Inc.'s own proxy. As printed: 39,509,740. Filing ↗machine: r2 · c14 · span 1843852–1843863
48Roku, Inc., Section 10b CEO totalDEF 14A2026-04-240001140361-26-016715CEO total compensation as printed in Roku, Inc.'s own proxy. As printed: 26,565,120. Filing ↗machine: r2 · c22 · span 629170–629180
49Sphere Entertainment Co., Section 10b CEO totalDEF 14A2026-04-280001628280-26-027969CEO total compensation as printed in Sphere Entertainment Co.'s own proxy. As printed: 14,284,275. Filing ↗machine: t77 · r3 · c25 · span 804469–804479
50AMC Networks Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-194208CEO total compensation as printed in AMC Networks Inc.'s own proxy. As printed: 12,525,644. Filing ↗machine: r2 · c34 · span 747957–747967
51fuboTV, Inc., Section 10b CEO totalDEF 14A2026-06-160001628280-26-043532CEO total compensation as printed in fuboTV, Inc.'s own proxy. As printed: 10,886,885. Filing ↗machine: t51 · r2 · c21 · span 769364–769374
52Sinclair, Inc., Section 10b CEO totalDEF 14A2026-04-230001971213-26-000017CEO total compensation as printed in Sinclair, Inc.'s own proxy. As printed: 10,824,228. Filing ↗machine: r5 · c36 · span 517565–517575
53The E.W. Scripps Company, Section 10b CEO totalDEF 14A2026-03-200001193125-26-116733CEO total compensation as printed in The E.W. Scripps Company's own proxy. As printed: 7,239,619. Filing ↗machine: t83 · r4 · c16 · span 1340909–1340918
54Starz Entertainment (subject), Section 10b CEO totalDEF 14A2026-04-020000929351-26-000021CEO total compensation as printed in Starz Entertainment's own proxy. As printed: 6,753,823. Filing ↗
55Section 10a, Sinclair, Inc. reciprocityDEF 14A0001971213-26-000017Sinclair, Inc.'s most recent proxy was read; its disclosed peer group does not include Starz Entertainment. Filing ↗
56Section 10a, Roku, Inc. reciprocityDEF 14A0001140361-26-016715Roku, Inc.'s most recent proxy was read; its disclosed peer group does not include Starz Entertainment. Filing ↗
57Section 10a, Nexstar Media Group, Inc. reciprocityDEF 14A0001142417-26-000016Nexstar Media Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Starz Entertainment. Filing ↗
58Section 10a, TKO Group Holdings, Inc. reciprocityDEF 14A0001193125-26-173833TKO Group Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Starz Entertainment. Filing ↗