David F. Byrnes - 15 Sep 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Reporting relationship: EVP & Chief Financial Officer
Issuer ticker: MSGE
Reported as of: 15 Sep 2023
Net transaction value: -$119,243
SEC form: 4
Accepted by SEC: 19 Sep 2023, 16:15:36 UTC
Prior SEC filing: 06 Sep 2023
Next SEC filing: 12 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Mark C. Cresitello, Attorney-in-Fact for David Byrnes

Key filing fact

David F. Byrnes filed Form 4 for Madison Square Garden Entertainment Corp. (MSGE) on 19 Sep 2023.

Key facts

This page summarizes David F. Byrnes's Form 4 filing for Madison Square Garden Entertainment Corp. (MSGE).
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 19 Sep 2023, 16:15.

Change

Previous filing in this sequence was filed on 06 Sep 2023.
Current net transaction value: -$119,243.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MSGE transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +2,472
Change %: +204%
Price: $0.000000
Shares after: 3,682
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F1

MSGE transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +4,663
Change %: +127%
Price: $0.000000
Shares after: 8,345
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F2

MSGE transaction

Class A Common Stock

Tax liability

Transaction value: $119,243
Shares: -3,641
Change %: -44%
Price: $32.75
Shares after: 4,704
Date: 15 Sep 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MSGE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,472
Change %: -50%
Price: $0.000000
Shares after: 2,472
Date: 15 Sep 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,472
Exercise price
Footnotes: F1

MSGE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,663
Change %: -33%
Price: $0.000000
Shares after: 9,327
Date: 15 Sep 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,663
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each restricted stock unit ("RSU") was granted on April 20, 2023 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted by Sphere Entertainment Co. ("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 remaining one-half of the RSUs are scheduled to vest and settle on September 15, 2024.

Footnote F2

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 are scheduled to vest and settle on September 15, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025.

Footnote F3

Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, and 2, exempt under Rule 16b-3.