4//SEC Filing
GREENBERG ANDREA 4
Accession 0000950170-24-107356
CIK 0001795250other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 5:00 PM ET
Size
22.6 KB
Accession
0000950170-24-107356
Insider Transaction Report
Form 4
GREENBERG ANDREA
President/CEO-MSG Networks
Transactions
- Exercise/Conversion
Performance Restricted Stock Units
2024-09-13−17,546→ 0 totalExp: 2024-09-13→ Class A Common Stock (17,546 underlying) - Exercise/Conversion
Class A Common Stock
2024-09-13+5,836→ 82,485.979 total - Tax Payment
Class A Common Stock
2024-09-13$42.23/sh−11,299$477,157→ 88,555.979 total - Exercise/Conversion
Class A Common Stock
2024-09-13+17,546→ 106,101.979 total - Tax Payment
Class A Common Stock
2024-09-13$42.23/sh−8,544$360,813→ 97,557.979 total - Exercise/Conversion
Restricted Stock Units
2024-09-13−5,836→ 0 totalExp: 2024-09-13→ Class A Common Stock (5,836 underlying) - Exercise/Conversion
Restricted Stock Units
2024-09-13−6,593→ 6,594 totalExp: 2025-09-15→ Class A Common Stock (6,593 underlying) - Exercise/Conversion
Restricted Stock Units
2024-09-13−10,776→ 21,552 totalExp: 2026-09-15→ Class A Common Stock (10,776 underlying) - Exercise/Conversion
Class A Common Stock
2024-09-13+6,593→ 89,078.979 total - Exercise/Conversion
Class A Common Stock
2024-09-13+10,776→ 99,854.979 total
Footnotes (6)
- [F1]Each restricted stock unit ("RSU") was granted on August 27, 2021 under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by Sphere Entertainment Co. ("SPHR") (the "MSGN 2010 Employee Stock Plan"), and represents a right to receive one share of SPHR Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs vested and were settled on September 15, 2023. The remaining one-third of the RSUs vested and were settled on September 13, 2024, in each case, other than the RSUs that vested and were settled for FICA taxes in November 2021.
- [F2]Each RSU was granted on August 31, 2022 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of SPHR Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2023. One-third of the RSUs vested and were settled on September 13, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025, in each case, other than the RSUs that vested and were settled for FICA taxes in August 2022.
- [F3]Each RSU was granted on September 1, 2023 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of SPHR 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, in each case, other than the RSUs that vested and were settled for FICA taxes in September 2023.
- [F4]Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2 and 3, exempt under Rule 16b-3.
- [F5]Each performance restricted stock unit ("PSU") was granted on August 27, 2021 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of SPHR Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 13, 2024, other than the PSUs that vested and were settled for FICA taxes in March 2024.
- [F6]Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 5, exempt under Rule 16b-3.
Documents
Issuer
Sphere Entertainment Co.
CIK 0001795250
Entity typeother
Related Parties
1- filerCIK 0001653193
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 5:00 PM ET
- Size
- 22.6 KB