David F. Byrnes - 13 Sep 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Reporting relationship: EVP, CFO & Treasurer
Issuer ticker: SPHR
Reported as of: 13 Sep 2024
Net transaction value: -$321,624
SEC form: 4
Accepted by SEC: 17 Sep 2024, 17:00:28 UTC
Prior SEC filing: 29 Aug 2024
Source filing: View source filing
Reporting owner signature: /s/ Mark C. Cresitello, Attorney-in-Fact for David F. Byrnes

Key filing fact

David F. Byrnes filed Form 4 for Sphere Entertainment Co. (SPHR) on 17 Sep 2024.

Key facts

This page summarizes David F. Byrnes's Form 4 filing for Sphere Entertainment Co. (SPHR).
10 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 17 Sep 2024, 17:00.

Change

Previous filing in this sequence was filed on 29 Aug 2024.
Current net transaction value: -$321,624.

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.

SPHR transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +2,472
Change %
Price: $0.000000
Shares after: 2,472
Date: 13 Sep 2024
Ownership: Direct
Footnotes: F1

SPHR transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +4,663
Change %: +189%
Price: $0.000000
Shares after: 7,135
Date: 13 Sep 2024
Ownership: Direct
Footnotes: F2

SPHR transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +374
Change %: +5.2%
Price: $0.000000
Shares after: 7,509
Date: 13 Sep 2024
Ownership: Direct
Footnotes: F3

SPHR transaction

Class A Common Stock

Tax liability

Transaction value: $161,783
Shares: -3,831
Change %: -51%
Price: $42.23
Shares after: 3,678
Date: 13 Sep 2024
Ownership: Direct
Footnotes: F4

SPHR transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +7,415
Change %: +202%
Price: $0.000000
Shares after: 11,093
Date: 13 Sep 2024
Ownership: Direct
Footnotes: F5

SPHR transaction

Class A Common Stock

Tax liability

Transaction value: $159,841
Shares: -3,785
Change %: -34%
Price: $42.23
Shares after: 7,308
Date: 13 Sep 2024
Ownership: Direct
Footnotes: F6

Reported derivative securities

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

SPHR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,472
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 13 Sep 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,472
Exercise price
Footnotes: F1

SPHR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,663
Change %: -50%
Price: $0.000000
Shares after: 4,664
Date: 13 Sep 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,663
Exercise price
Footnotes: F2

SPHR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -374
Change %: -33%
Price: $0.000000
Shares after: 750
Date: 13 Sep 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 374
Exercise price
Footnotes: F3

SPHR transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,415
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 13 Sep 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,415
Exercise price
Footnotes: F5

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each restricted stock unit ("RSU") was granted on April 20, 2022 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 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 and were settled on September 15, 2022. One-third of the RSUs vested and were settle on September 15, 2023. The remaining one-third of the RSUs vested and were settled on September 13, 2024.

Footnote F2

Each RSU was granted on August 31, 2022 under the 2020 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 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.

Footnote F3

Each RSU was granted on April 22, 2024 under the 2020 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 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.

Footnote F4

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

Footnote F5

Each performance restricted stock unit ("PSU") was granted on April 20, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 13, 2024.

Footnote F6

Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 5, exempt under Rule 16b-3.