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

Quentin F. Dolan, a director at Madison Square Garden Entertainment Corp., acquired 4,353 restricted stock units on December 11, 2024.

Summary

• Quentin F. Dolan, a director of Madison Square Garden Entertainment Corp., was granted 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 the 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 Mr. Dolan's separation from service.
• Following this transaction, Mr. Dolan directly owns 12,989 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting stock units to a director, which is generally viewed positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The immediate vesting of the RSUs could be seen as a positive incentive for the director.

Future Outlook

The restricted stock units will be settled in stock or cash 90 days after separation from service.

Industry Context

The granting of restricted stock units to directors is a common practice in corporate governance to align their interests with those of the shareholders.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice across many publicly traded companies.
• The vesting and settlement terms are typical for such grants, often tied to continued service or a period after separation.
• Companies like Live Nation Entertainment (LYV) and other entertainment and media companies often use similar equity-based compensation for their directors.

Stakeholder Impact

• The grant of RSUs to a director can be seen positively by shareholders as it aligns management's interests with theirs.

Next Steps

• The RSUs will be settled 90 days after Mr. Dolan's separation from service.

Key Dates

Keywords

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