Lustgarten Andrew 4
4 · Madison Square Garden Sports Corp. · Filed Nov 28, 2023
Insider Transaction Report
Form 4
Lustgarten Andrew
President
Transactions
- Exercise/Conversion
Class A Common Stock
2023-11-24+10,963→ 38,957 total - Tax Payment
Class A Common Stock
2023-11-24$171.50/sh−6,062$1,039,633→ 32,895 total - Exercise/Conversion
Performance Restricted Stock Units
2023-11-24−10,963→ 0 totalExp: 2023-11-24→ Class A Common Stock (10,963 underlying)
Holdings
- 6,000(indirect: By LLC)
Class A Common Stock
Footnotes (3)
- [F1]Each performance restricted stock unit ("PSU") was granted on August 27, 2020 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied and the PSUs vested on August 28, 2023. The PSUs settled on November 24, 2023.
- [F2]Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 1 above, exempt under Rule 16b-3.
- [F3]The reporting person has direct pecuniary interest in 1,938 shares. The reporting person disclaims beneficial ownership of 4,062 shares of which he does not have a pecuniary interest.