MSGE CFO David J Collins Exercises RSUs; Shares Withheld for Taxes

What Happened

• David J. Collins, EVP and Chief Financial Officer of Madison Square Garden Entertainment Corp. (MSGE), had restricted stock units (RSUs) vest and convert into 7,854 shares on September 15, 2026. Of those, 3,820 shares were withheld to satisfy tax withholding obligations at $80.89 per share, a withholding value of approximately $309,000. The conversion/settlement of the RSUs is reported as exercise/conversion of a derivative.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-17 (appears timely).
• Shares acquired via conversion/settlement: 4,782 and 3,072 shares (total 7,854).
• Shares withheld for taxes (disposed): 3,820 shares at $80.89 each, total ~$309,000.
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • The RSUs were granted under MSGE’s 2023 Employee Stock Plan. Portions of two RSU grants (granted 4/24/2025 and 8/25/2025) vested and settled on 9/15/2026; remaining portions vest in later years per the grant schedules.
  • Withheld shares used to satisfy tax withholding are exempt under Rule 16b-3 (footnote F3).
• No 10b5-1 plan, gift, or open-market sale is indicated; the only disposition here is tax withholding.

Context

• These transactions reflect routine vesting and tax-withholding on RSU settlements, not an open-market sale or a voluntary cash sale by the insider. The filing shows conversion of RSUs into shares and a tax-withholding event (a common cashless settlement mechanism).