Form 4 for SPHR Sphere Entertainment Co.
Accepted 2024-03-29 00:00:00 ET · period of report 2024-03-27 · accession 0000950170-24-038633 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-29 | 2024-03-27 | SPHR | GREENBERG ANDREA | Pres, CEO-MSG Networks | F - Tax | $49.27 | -3,513 | 88.8K | -4% | -$173.1K |
| D | 2024-03-29 | 2024-03-27 | SPHR | GREENBERG ANDREA | Pres, CEO-MSG Networks | M - OptEx | $0.00 | +3,513 | 92.3K | +4% | $0 |
| DM | 2024-03-29 | 2024-03-27 | SPHR | GREENBERG ANDREA | Pres, CEO-MSG Networks | M - OptEx | — | -3,513 | 17.5K | -17% | — |
| DM | 2024-03-29 | 2024-03-27 | SPHR | GREENBERG ANDREA | Pres, CEO-MSG Networks | A - Grant | — | +73.2K | 34.0K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-03-27 | F | D | 3,513 | $49.27 | 88,781 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-03-27 | M | A | 3,513 | $0.00 | 92,294 | D | — | — | (F2) Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof. |
| 3 | Derivative | Performance Restricted Stock Units | 2024-03-27 | M | D | 1,630 | — | 32,327 | D | — · — to — | 1,630 Class A Common Stock | (F1) Represents performance restricted stock units ("PSUs") of Sphere Entertainment Co. (the "Issuer") withheld to satisfy FICA tax withholding obligations arising in connection with the PSUs described in footnotes 3, 5 and 7 as a result of certain vesting rights contained in the Reporting Person's employment agreement, exempt under Rule 16b-3. (F7) Represents PSUs granted on September 1, 2023 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target. (F2) Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof. (F8) The PSUs are scheduled to vest and settle on September 15, 2026. |
| 4 | Derivative | Performance Restricted Stock Units | 2024-03-27 | M | D | 998 | — | 19,781 | D | — · — to — | 998 Class A Common Stock | (F1) Represents performance restricted stock units ("PSUs") of Sphere Entertainment Co. (the "Issuer") withheld to satisfy FICA tax withholding obligations arising in connection with the PSUs described in footnotes 3, 5 and 7 as a result of certain vesting rights contained in the Reporting Person's employment agreement, exempt under Rule 16b-3. (F5) Represents PSUs granted on August 31, 2022 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target. (F2) Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof. (F6) The PSUs are scheduled to vest and settle on September 15, 2025. |
| 5 | Derivative | Performance Restricted Stock Units | 2024-03-27 | A | A | 20,779 | — | 20,779 | D | — · — to — | 20,779 Class A Common Stock | (F5) Represents PSUs granted on August 31, 2022 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target. (F2) Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof. (F6) The PSUs are scheduled to vest and settle on September 15, 2025. |
| 6 | Derivative | Performance Restricted Stock Units | 2024-03-27 | M | D | 885 | — | 17,546 | D | — · — to — | 885 Class A Common Stock | (F1) Represents performance restricted stock units ("PSUs") of Sphere Entertainment Co. (the "Issuer") withheld to satisfy FICA tax withholding obligations arising in connection with the PSUs described in footnotes 3, 5 and 7 as a result of certain vesting rights contained in the Reporting Person's employment agreement, exempt under Rule 16b-3. (F3) Represents PSUs granted on August 27, 2021 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target. (F2) Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof. (F4) The PSUs are scheduled to vest and settle on September 15, 2024. |
| 7 | Derivative | Performance Restricted Stock Units | 2024-03-27 | A | A | 18,431 | — | 18,431 | D | — · — to — | 18,431 Class A Common Stock | (F3) Represents PSUs granted on August 27, 2021 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target. (F2) Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof. (F4) The PSUs are scheduled to vest and settle on September 15, 2024. |
| 8 | Derivative | Performance Restricted Stock Units | 2024-03-27 | A | A | 33,957 | — | 33,957 | D | — · — to — | 33,957 Class A Common Stock | (F7) Represents PSUs granted on September 1, 2023 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target. (F2) Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof. (F8) The PSUs are scheduled to vest and settle on September 15, 2026. |