Form 4: Madison Square Garden Entertainment Corp. Director Acquires Restricted Stock Units

Director Donna Coleman acquired 4,353 restricted stock units of Madison Square Garden Entertainment Corp. on December 11, 2024.

Summary

• Director Donna Coleman of Madison Square Garden Entertainment Corp. acquired 4,353 restricted stock units (RSUs) on December 11, 2024.
• These RSUs were granted under the company's 2023 Stock Plan for Non-Employee Directors.
• Each RSU represents the right to receive one share of Class A Common Stock or its cash equivalent.
• The RSUs are fully vested on the grant date.
• Settlement of the RSUs, either in stock or cash, will occur on the first business day 90 days after Ms. Coleman's separation from service.
• Following this transaction, Ms. Coleman directly owns 12,989 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to a director, which is generally positive for aligning interests but not a major market-moving event.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.
• The full vesting of the RSUs on the grant date indicates immediate ownership and commitment.

Future Outlook

The restricted stock units will be settled in stock or cash on the first business day 90 days after a separation from service.

Industry Context

This is a standard practice for compensating non-employee directors, aligning their interests with the company's performance and shareholder value.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across publicly traded companies, including those in the entertainment and media sector.
• Companies like Live Nation Entertainment and AMC Entertainment Holdings also use equity-based compensation for their board members.
• The vesting and settlement terms are typical, with full vesting upon grant and settlement after a separation from service.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.

Key Dates

Keywords

Restricted Stock Units, RSU, Director, Stock Plan, Equity, Madison Square Garden Entertainment Corp., MSGE, Class A Common Stock, Beneficial Ownership