Form 4: Madison Square Garden Sports Corp. Executive Victoria Mink Reports Stock Transactions
SEC Form 4
Victoria Mink, EVP, CFO & Treasurer of Madison Square Garden Sports Corp., reports the vesting and settlement of restricted stock units and performance restricted stock units, along with associated tax withholding, on September 13, 2024.
Summary
- On September 13, 2024, Victoria Mink, the EVP, CFO & Treasurer of Madison Square Garden Sports Corp. (MSGS), reported transactions involving Class A Common Stock.
- These transactions included the vesting and settlement of restricted stock units (RSUs) and performance restricted stock units (PSUs) granted under the company's 2015 Employee Stock Plan.
- A total of 7,374 RSUs and PSUs vested and were settled on this date.
- Additionally, 3,762 shares were withheld to satisfy tax obligations related to the vesting of these units.
- Following these transactions, Mink directly owns 12,078 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive, and does not inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 2021-08-19 | Date of grant for some of the restricted stock units and performance restricted stock units. |
| 2022-04-25 | Date of grant for some of the restricted stock units and performance restricted stock units. |
| 2022-08-29 | Date of grant for some of the restricted stock units. |
| 2023-08-28 | Date of grant for some of the restricted stock units. |
| 2024-08-29 | Performance conditions were satisfied for some performance restricted stock units. |
| 2024-09-13 | Date of transactions: vesting and settlement of RSUs and PSUs, and tax withholding. |
| 2024-09-15 | Scheduled vesting date for remaining one-third of RSUs granted on August 29, 2022. |
| 2025-09-15 | Scheduled vesting date for remaining one-third of RSUs granted on August 28, 2023. |
| 2026-09-15 | Scheduled vesting date for remaining one-third of RSUs granted on August 28, 2023. |
| 2024-09-17 | Date of filing of the Form 4. |
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