Form 4: Director Stephen Mills Acquires MSGS Restricted Stock Units

Madison Square Garden Sports Corp. Director Stephen Mills acquired 727 restricted stock units, fully vested upon grant, as part of the company's non-employee director stock plan.

Summary

• Stephen Mills, a Director of Madison Square Garden Sports Corp. (MSGS), reported the acquisition of 727 Restricted Stock Units (RSUs).
• The transaction date for this acquisition was December 8, 2025.
• These RSUs were granted under the Madison Square Garden Sports Corp. 2015 Stock Plan for Non-Employee Directors, as amended.
• Each RSU represents a right to receive one share of Class A Common Stock or its cash equivalent.
• The RSUs are fully vested on the date of the grant, December 8, 2025.
• Settlement of these RSUs will occur in stock or cash on the first business day 90 days after Mr. Mills' separation from service.
• Following this transaction, Mr. Mills beneficially owns 5,347 derivative securities.

Sentiment

Score: 6

Explanation: The filing reports a routine compensation grant of restricted stock units to a director, which is generally a neutral to slightly positive event as it aligns insider interests with shareholders. It does not contain information that would significantly alter the company's outlook.

Positives

• The grant of Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The RSUs are fully vested on the grant date, providing immediate ownership rights, albeit with deferred settlement.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• The grant of 727 Restricted Stock Units to Stephen Mills, a Director, under the company's 2015 Stock Plan for Non-Employee Directors, constitutes a related party transaction as it involves compensation to an insider.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director can be viewed as a positive for shareholder alignment, as it ties a portion of the director's compensation to the company's stock performance, potentially incentivizing long-term value creation.

Next Steps

• Settlement of the Restricted Stock Units (RSUs) in stock or cash on the first business day 90 days after Stephen Mills' separation from service.

Key Dates

Keywords

MSGS, Madison Square Garden Sports Corp., Stephen Mills, Form 4, Restricted Stock Units, RSU, Director, Insider Transaction, Stock Plan