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

Marianne Dolan Weber, a director at Madison Square Garden Sports Corp., acquired 709 restricted stock units on December 4, 2024.

Summary

• Marianne Dolan Weber, a director of Madison Square Garden Sports Corp., was granted 709 restricted stock units (RSUs) on December 4, 2024.
• These RSUs are granted under the company's 2015 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. Weber's separation from service.
• Following this transaction, Ms. Weber beneficially owns 6,145 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting stock units to a director, which is generally viewed as a positive for aligning interests. There are no indications of any negative or unusual activity.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.
• The vesting of the RSUs on the grant date is a positive for the director.

Future Outlook

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

Industry Context

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

Comparison to Industry Standards

• Granting restricted stock units to non-employee directors is a standard practice across many publicly traded companies, including those in the sports and entertainment industry.
• Companies like Liberty Media (FWONA) and Live Nation Entertainment (LYV) also use equity-based compensation for their directors, often with similar vesting and settlement terms.
• The specific number of units granted and the vesting schedule can vary based on company size, performance, and board compensation policies.

Stakeholder Impact

• The grant of RSUs to a director aligns their interests with those of shareholders, which is generally viewed positively.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Next Steps

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

Key Dates

Keywords

Restricted Stock Units, RSU, Director, Stock Plan, Madison Square Garden Sports Corp, MSGS, Beneficial Ownership, Equity Securities