Form 4: Director Dolan Receives MSGE Stock Units

Madison Square Garden Entertainment Corp. Director Charles P. Dolan was granted 3,266 restricted stock units, fully vested upon grant.

Summary

• Charles P. Dolan, a Director of Madison Square Garden Entertainment Corp. (MSGE), acquired 3,266 Restricted Stock Units (RSUs).
• The transaction date for the RSU grant was December 10, 2025.
• Each RSU represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
• The RSUs were granted under the Madison Square Garden Entertainment Corp. 2023 Stock Plan for Non-Employee Directors.
• These RSUs are fully vested on the date of the grant.
• Settlement of the RSUs will occur in stock or cash on the first business day 90 days after separation from service.
• Following this transaction, Charles P. Dolan beneficially owns 16,255 derivative securities (RSUs).

Sentiment

Score: 7

Explanation: The grant of fully vested restricted stock units to a director is a standard compensation practice that aligns management interests with shareholders, indicating continued commitment.

Positives

• Grant of 3,266 Restricted Stock Units (RSUs) to Director Charles P. Dolan, aligning his interests with shareholders.
• The RSUs are fully vested on the grant date, providing immediate beneficial ownership.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Grant of 3,266 Restricted Stock Units to Charles P. Dolan, a Director, under the company's 2023 Stock Plan for Non-Employee Directors.

Stakeholder Impact

• Shareholders: Increased alignment of Director Charles P. Dolan's interests with shareholder value through equity compensation.

Next Steps

• Settlement of RSUs in stock or cash on the first business day 90 days after Charles P. Dolan's separation from service.

Key Dates

Recommendation

The Form 4 reports a routine grant of restricted stock units to a director as part of their compensation. While it signals continued alignment of management interests with shareholders, it does not provide new fundamental information to warrant a change in investment recommendation based solely on this filing.

Keywords

Madison Square Garden Entertainment, MSGE, Charles P. Dolan, Director, Restricted Stock Units, RSU, Insider Transaction, Form 4, Stock Plan