D'Ambrosio Philip Gerard 4
Research Summary
AI-generated summary
MSGE EVP Philip D'Ambrosio Gifts 375 Shares
What Happened
Philip D'Ambrosio, EVP and Treasurer of Madison Square Garden Entertainment Corp. (MSGE), reported a gift transaction on the Form 4. On June 22, 2026 he transferred (gifted) a total of 375 shares of MSGE common stock to his children. The filing shows a $0.00 per-share price and $0 total proceeds (code G for gift).
Key Details
- Transaction date: June 22, 2026; Form 4 filed June 24, 2026 (timely within the 2-business-day requirement).
- Reported entries: one disposal of 375 shares (gift) by the reporting person and three corresponding acquisition entries of 125 shares each (recipients), all at $0.00.
- Shares owned after the transaction: not stated in the filing.
- Footnote: D'Ambrosio disclaims beneficial ownership of the shares held by his children; the filing notes this should not be taken as an admission of beneficial ownership for Section 16 purposes.
- Transaction code: G = Gift.
Context
Gifts are non‑market transfers and generally reflect personal or estate planning rather than a view on the company's outlook; they do not generate proceeds for the reporting person. The filing does not indicate any sales, purchases, option exercises, or trading plans tied to this transfer.