Byrnes David F. 4
4 · Sphere Entertainment Co. · Filed Apr 24, 2024
Insider Transaction Report
Form 4
Byrnes David F.
EVP & Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2024-04-22+1,124→ 1,124 total→ Class A Common Stock (1,124 underlying) - Award
Performance Restricted Stock Units
2024-04-22+1,124→ 1,124 total→ Class A Common Stock (1,124 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
- [F2]The RSUs will vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15, 2026.
- [F3]Each performance restricted stock unit ("PSU") represents a right to receive one share of Sphere Entertainment Co. (the "Issuer") Class A Common Stock or the cash equivalent thereof.
- [F4]Represents PSUs granted on April 22, 2024 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem performance achieved at 100% of target.
- [F5]The PSUs are scheduled to vest and settle on September 15, 2026.