SALERNO FREDERIC V 4

What Happened
Frederic V. Salerno, a director of Madison Square Garden Entertainment Corp. (MSGE), was granted 1,903 restricted stock units (RSUs) on February 17, 2026. The Form 4 reports the acquisition price as $0.00 (transaction code A — award/grant). This was an equity award in lieu of cash director fees, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (timely filing).
• Security/amount: 1,903 RSUs granted; reported price $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • Each RSU represents a right to one share of Class A common stock or the cash equivalent and was granted in lieu of director cash compensation under the 2023 Stock Plan for Non-Employee Directors.
  • The RSUs are fully vested at grant and will be settled in stock or cash on the first business day 90 days after a separation from service.
• Transaction code: A = Award/Grant.

Context
RSUs are derivative awards that convert to company stock (or cash) under the plan terms. Although these RSUs are fully vested, settlement is deferred until a qualifying separation from service (with a 90‑day payment window), so this grant does not reflect an immediate open-market purchase or sale. This is routine director compensation rather than explicit insider buying or selling of shares.