Franco Laura 4
4 · Madison Square Garden Entertainment Corp. · Filed Sep 17, 2024
Insider Transaction Report
Form 4
Franco Laura
EVP & General Counsel
Transactions
- Tax Payment
Class A Common Stock
2024-09-13$40.29/sh−3,553$143,150→ 5,220 total - Exercise/Conversion
Restricted Stock Units
2024-09-13−1,246→ 2,492 totalExp: 2026-09-13→ Class A Common Stock (1,246 underlying) - Exercise/Conversion
Class A Common Stock
2024-09-13+1,246→ 1,246 total - Exercise/Conversion
Class A Common Stock
2024-09-13+7,527→ 8,773 total - Exercise/Conversion
Restricted Stock Units
2024-09-13−7,527→ 16,092 totalExp: 2027-09-15→ Class A Common Stock (7,527 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") was granted on April 24, 2024 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan (the "2023 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs are scheduled to vest and settle on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
- [F2]Each RSU was granted on April 24, 2024 under the 2023 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. 32% of the RSUs vested and were settled on September 13, 2024. 40% of the RSUs are scheduled to vest and settle on September 15, 2025, 24% on September 15, 2026 and 4% on September 15, 2027.
- [F3]Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footones 1 and 2 above, exempt under Rule 16b-3.