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

Marianne Dolan Weber, a director at Madison Square Garden Entertainment Corp., was granted 4,353 restricted stock units that will vest and be settled in stock or cash after separation from service.

Summary

• Marianne Dolan Weber, a director of Madison Square Garden Entertainment Corp., received 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 Weber's separation from service.
• Following this transaction, Weber directly owns 12,989 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting stock units to a director, which is a normal part of corporate governance and compensation. There is no indication of any negative or positive sentiment beyond the standard practice.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting of the RSUs on the grant date simplifies the compensation structure.

Future Outlook

The RSUs will be settled in stock or cash 90 days after the director's separation from service.

Industry Context

The granting of restricted stock units is a common practice for compensating directors in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is a standard practice across many publicly listed companies.
• Companies like Live Nation Entertainment (LYV) and other entertainment and media companies often use similar equity-based compensation plans for their board members.
• The vesting terms of these RSUs, being fully vested on the grant date, are relatively straightforward compared to some plans that have multi-year vesting schedules.

Stakeholder Impact

• The grant of RSUs to a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates

Keywords

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