SCHWARTZ ALAN D 4
4 · Madison Square Garden Sports Corp. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Madison Square Garden Sports Director Alan D. Schwartz Receives RSU Award
What Happened Alan D. Schwartz, a director of Madison Square Garden Sports Corp. (MSGS), was granted 265 restricted stock units (RSUs) on 2026-02-17 (reported on Form 4 filed 2026-02-19). The RSUs were granted as an award (code A) at a reported grant price of $0.00 because they are a derivative award rather than an open-market share purchase. No cash value was reported in the filing; these RSUs represent the right to one share of Class A common stock (or cash equivalent) per unit.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (timely filing).
- Award: 265 RSUs; grant price shown as $0.00 (derivative award).
- Shares owned after transaction: not specified in the filing.
- Footnote summary:
- F1: RSUs were granted in lieu of cash director fees under the 2015 Stock Plan for Non-Employee Directors and represent a right to one share or cash equivalent.
- F2: The RSUs are fully vested on the grant date but 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 This was a compensation award to a non-employee director, not an open-market purchase or sale. Because the RSUs are vested immediately but settlement is deferred until a qualifying separation event, the grant reflects routine director pay rather than an active buy/sell signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-17+265→ 8,925 total→ Class A Common Stock (265 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") is granted in lieu of cash compensation otherwise payable as director fees under the Madison Square Garden Sports Corp. 2015 Stock Plan for Non-Employee Directors, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
- [F2]The RSUs are fully vested on the date of the grant and will be settled in stock or in cash on the first business day 90 days after a separation from service.