James L. Dolan - Sep 13, 2024 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
Executive Chairman & CEO, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Stock symbol
MSGE
Transactions as of
Sep 13, 2024
Transactions value $
-$3,691,652
Form type
4
Date filed
9/17/2024, 06:06 PM
Previous filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGE Class A Common Stock Options Exercise $0 +23K +14.82% $0.00 178K Sep 13, 2024 Direct F1, F9
transaction MSGE Class A Common Stock Options Exercise $0 +5.25K +2.95% $0.00 183K Sep 13, 2024 Direct F2, F9
transaction MSGE Class A Common Stock Options Exercise $0 +32.9K +17.95% $0.00 216K Sep 13, 2024 Direct F3, F9
transaction MSGE Class A Common Stock Options Exercise $0 +31.1K +14.39% $0.00 247K Sep 13, 2024 Direct F4, F9
transaction MSGE Class A Common Stock Tax liability -$1.9M -47.1K -19.04% $40.29 200K Sep 13, 2024 Direct F5, F9
transaction MSGE Class A Common Stock Options Exercise $0 +71K +35.43% $0.00 271K Sep 13, 2024 Direct F6, F9
transaction MSGE Class A Common Stock Options Exercise $0 +16.2K +5.98% $0.00 288K Sep 13, 2024 Direct F7, F9
transaction MSGE Class A Common Stock Tax liability -$1.79M -44.5K -15.48% $40.29 243K Sep 13, 2024 Direct F8, F9
holding MSGE Class A Common Stock 26.3K Sep 13, 2024 By Spouse F10
holding MSGE Class A Common Stock 746 Sep 13, 2024 By Minor Children F11

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 MSGE Restricted Stock Units Options Exercise $0 -23K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 23K Direct F1
transaction MSGE Restricted Stock Units Options Exercise $0 -5.25K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 5.25K Direct F2
transaction MSGE Restricted Stock Units Options Exercise $0 -32.9K -50% $0.00 32.9K Sep 13, 2024 Class A Common Stock 32.9K Direct F3
transaction MSGE Restricted Stock Units Options Exercise $0 -31.1K -33.33% $0.00 62.3K Sep 13, 2024 Class A Common Stock 31.1K Direct F4
transaction MSGE Performance Restricted Stock Units Options Exercise $0 -71K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 71K Direct F6
transaction MSGE Performance Restricted Stock Units Options Exercise $0 -16.2K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 16.2K Direct F7
* 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") was granted on April 20, 2023 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted by Sphere Entertainment Co. ("SPHR") on August 27, 2021, 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 remaning one-half of the RSUs vested and were settled on September 13, 2024.
F2 Each RSU was granted on April 20, 2023 under the 2023 Stock Plan in respect of an RSU granted by 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 remaning one-half of the RSUs vested and were settled on September 13, 2024.
F3 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 vested and were settled on September 13, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025.
F4 Each RSU was granted on September 1, 2023 under the 2023 Employee Stock Plan 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 13, 2024. One-third of the RSUs are scheduled to vest and settle on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
F5 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4 above, exempt under Rule 16b-3.
F6 Each performance restricted stock unit ("PSU") was granted on April 20, 2023 under the MSGE 2023 Employee Stock Plan in respect of a PSU granted by SPHR on August 27, 2021, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2024 and the PSUs vested and were settled on September 13, 2024.
F7 Each PSU was granted on April 20, 2023 under the MSGE 2023 Employee Stock Plan in respect of a PSU granted by SPHR on April 20, 222, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2024 and the PSUs vested and were settled on September 13, 2024.
F8 Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnotes 6 and 7 above, exempt under Rule 16b-3.
F9 Includes shares held jointly with spouse.
F10 Securities held by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F11 Mr. Dolan disclaims beneficial ownership of all securities of MSGE benificially owned and deemed to be beneficially owned by his minor children and this filing shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.