PELTZ NELSON 4

What Happened
Nelson Peltz, a director of Madison Square Garden Sports Corp. (MSGS), was granted 265 restricted stock units (RSUs) on 2026-02-17. The RSUs were recorded at $0.00 (no cash paid) because they were issued in lieu of cash director fees; the grant is a derivative award (right to receive shares or cash) rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (Period of Report: 2026-02-17).
• Grant: 265 RSUs, reported at $0.00 per unit (award/derivative).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes of note:
  • F1: Each RSU equals a right to one share of Class A common stock or the cash equivalent; granted in lieu of director cash fees under the 2015 Stock Plan for Non‑Employee Directors.
  • F2: RSUs are fully vested on the grant date and will be settled in stock or cash on the first business day 90 days after separation from service.
• Filing timeliness: Form was filed within two days of the report date (no late-filing indication in the provided data).

Context
RSUs are a form of deferred compensation: this award gives Peltz the right to receive shares (or cash) in the future and is not an immediate purchase or sale of stock. Because the RSUs are fully vested at grant, there’s no further service requirement, though actual shares/cash will be delivered only upon a qualifying separation event per the plan terms.