Laura Franco - 22 Apr 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
EVP & General Counsel
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Laura Franco
Issuer symbol
SPHR
Transactions as of
22 Apr 2024
Net transactions value
$0
Form type
4
Filing time
24 Apr 2024, 16:15:10 UTC
Previous filing
22 Feb 2024
Next filing
26 Apr 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPHR Restricted Stock Units Award $0 +3,728 $0.000000 3,728 22 Apr 2024 Class A Common Stock 3,728 Direct F1, F2
transaction SPHR Restricted Stock Units Award $0 +20,755 $0.000000 20,755 22 Apr 2024 Class A Common Stock 20,755 Direct F1, F3
transaction SPHR Performance Restricted Stock Units Award $0 +3,278 $0.000000 3,278 22 Apr 2024 Class A Common Stock 3,278 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2 The RSUs will vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15, 2026.
F3 The RSUs will vest and settle 32% on September 15, 2024, 40% on September 15, 2025, 24% on September 15, 2026, and 4% on September 15, 2027.
F4 Each performance restricted stock unit ("PSU") represents a right to receive one share of Sphere Entertainment Co. (the "Issuer") Class A Common Stock or the cash equivalent thereof.
F5 Represents PSUs granted on April 22, 2024 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 performance achieved at 100% of target.
F6 The PSUs are scheduled to vest and settle on September 15, 2026.