LITVIN JOEL M. 4
4 · Madison Square Garden Entertainment Corp. · Filed Jul 13, 2021
Insider Transaction Report
Form 4
LITVIN JOEL M.
Director
Transactions
- Award
Restricted Stock Units
2021-07-09+6,608→ 6,608 total→ Class A Common Stock (6,608 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a right to receive one share of Madison Square Garden Entertainment Corp. ("MSGE") Class A Common Stock or the cash equivalent thereof.
- [F2]Represents MSGE restricted stock units ("MSGE RSUs") acquired as a result of the conversion of MSG Networks Inc. ("MSGN") restricted stock units ("MSGN RSUs") pursuant to the closing of the merger contemplated by the Agreement and Plan of Merger, dated as of March 25, 2021, by and among MSGE, Broadway Sub Inc. and MSGN, a transaction exempt under Rule 16b-3, and calculated based on (x) the total number of shares of MSGN Class A Common Stock subject to such MSGN RSUs, multiplied by (y) 0.172.
- [F3]The MSGE RSUs are fully vested and will be settled in stock or in cash on the first business day 90 days after service on the MSGE Board of Directors ceases.