Andrea Greenberg - 16 Nov 2021 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role
President/CEO-MSG Networks
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrea Greenberg
Issuer symbol
SPHR
Transactions as of
16 Nov 2021
Net transactions value
-$337,231
Form type
4
Filing time
18 Nov 2021, 16:30:13 UTC
Previous filing
17 Sep 2021
Next filing
02 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +291 +0.65% $0.000000 45,245 16 Nov 2021 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +873 +1.9% $0.000000 46,118 16 Nov 2021 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +952 +2.1% $0.000000 47,070 16 Nov 2021 Direct F3
transaction SPHR Class A Common Stock Options Exercise $0 +1,429 +3% $0.000000 48,499 16 Nov 2021 Direct F4
transaction SPHR Class A Common Stock Options Exercise $0 +924 +1.9% $0.000000 49,423 16 Nov 2021 Direct F5
transaction SPHR Class A Common Stock Tax liability $337,231 -4,469 -9% $75.46 44,954 16 Nov 2021 Direct F6

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 Options Exercise $0 -291 -5% $0.000000 5,511 16 Nov 2021 Class A Common Stock 291 Direct F1, F6
transaction SPHR Restricted Stock Units Options Exercise $0 -873 -5% $0.000000 16,532 16 Nov 2021 Class A Common Stock 873 Direct F2, F6
transaction SPHR Restricted Stock Units Options Exercise $0 -952 -5% $0.000000 18,048 16 Nov 2021 Class A Common Stock 952 Direct F3, F6
transaction SPHR Restricted Stock Units Options Exercise $0 -1,429 -5% $0.000000 27,070 16 Nov 2021 Class A Common Stock 1,429 Direct F4, F6
transaction SPHR Restricted Stock Units Options Exercise $0 -924 -5% $0.000000 17,507 16 Nov 2021 Class A Common Stock 927 Direct 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") was granted on August 29, 2019 under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer (the "MSGN 2010 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock of the Issuer ("Class A Common Stock") or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2020. One-third of the RSUs vested were settled on September 15, 2021. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2022.
F2 Each RSU was granted on August 29, 2019 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The RSUs are scheduled to vest and settle on September 15, 2022.
F3 Each RSU was granted on August 26, 2020 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested were settled on September 15, 2021. The remaining two-thirds of the RSUs are scheduled to vest and settle in two equal installments on September 15, 2022 and September 15, 2023.
F4 Each RSU was granted on August 26, 2020 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The RSUs are scheduled to vest and settle on September 15, 2023.
F5 Each RSU was granted on August 27, 2021 under the MSGN 2010 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The RSUs are scheduled to vest and settle in three equal installments on September 15, 2022, September 15, 2023 and September 15, 2024.
F6 Represents RSUs of the Issuer withheld to satisfy FICA tax withholding obligations arising in connection with the RSUs described in footnotes 1, 2, 3, 4 and 5 as a result of certain vesting rights contained in the Reporting Person's most recent employment agreement, exempt under Rule 16b-3.