Byrnes David F. 4

4 · Madison Square Garden Entertainment Corp. · Filed Sep 19, 2023

Form 4

Period: 2023-09-15

EVP & Chief Financial Officer

Transactions

Exercise/Conversion
Restricted Stock Units
2023-09-15−4,663→ 9,327 total
Exp: 2025-09-15→ Class A Common Stock (4,663 underlying)
Exercise/Conversion
Class A Common Stock
2023-09-15+2,472→ 3,682 total
Exercise/Conversion
Class A Common Stock
2023-09-15+4,663→ 8,345 total
Tax Payment
Class A Common Stock
2023-09-15$32.75/sh−3,641$119,243→ 4,704 total
Exercise/Conversion
Restricted Stock Units
2023-09-15−2,472→ 2,472 total
Exp: 2024-09-15→ Class A Common Stock (2,472 underlying)

Footnotes (3)

[F1]Each restricted stock unit ("RSU") was granted on April 20, 2023 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted by Sphere Entertainment Co. ("SPHR") on April 20, 2022 and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One half of the RSUs vested and were settled on September 15, 2023. The remaining one-half of the RSUs are scheduled to vest and settle on September 15, 2024.
[F2]Each RSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of an RSU granted by SPHR on August 31, 2022, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2023. One-third of the RSUs are scheduled to vest and settle on September 15, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025.
[F3]Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, and 2, exempt under Rule 16b-3.

Documents

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