Philip Gerard D'Ambrosio - 01 Sep 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
EVP and Treasurer
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Philip G. D'Ambrosio
Issuer symbol
MSGE
Transactions as of
01 Sep 2023
Net transactions value
$0
Form type
4
Filing time
06 Sep 2023, 16:05:18 UTC
Previous filing
02 Jun 2023
Next filing
19 Sep 2023
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 MSGE Restricted Stock Units Award $0 +18,680 $0.000000 18,680 01 Sep 2023 Class A Common Stock 18,680 Direct F1, F2
transaction MSGE Performance Restricted Stock Units Award $0 +5,816 $0.000000 5,816 01 Sep 2023 Class A Common Stock 5,816 Direct F3
transaction MSGE Performance Restricted Stock Units Award $0 +1,148 $0.000000 1,148 01 Sep 2023 Class A Common Stock 1,148 Direct F4
* 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 Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan ("the 2023 Employee Stock Plan) and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2 The RSUs are scheduled to vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15, 2026.
F3 Each performance restricted stock unit ("PSU") was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of a PSU granted by Sphere Entertainment Co. ("SPHR") on August 25, 2020 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 September 1, 2023 upon the achievement of performance criteria established by SPHR at the time of the grant of the SPHR PSU. The MSGE PSUs are scheduled to vest and settle on September 15, 2023.
F4 Each PSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of a PSU granted by SPHR on April 22, 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 September 1, 2023 upon the achievement of performance criteria established by SPHR at the time of the grant of the SPHR PSU. The MSGE PSUs are scheduled to vest and settle on September 15, 2023.