Form 4: MSGS CFO Victoria Mink Reports Equity Award Vesting

Madison Square Garden Sports Corp. EVP, CFO & Treasurer Victoria Mink reported the vesting and settlement of restricted and performance stock units, along with associated tax withholdings, on September 15, 2025.

Summary

• Victoria Mink, EVP, CFO & Treasurer of Madison Square Garden Sports Corp. (MSGS), reported transactions related to her beneficial ownership of Class A Common Stock.
• On September 15, 2025, a total of 7,367 shares of Class A Common Stock were acquired through the vesting and settlement of various Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PSUs).
• Concurrently, 3,723 shares of Class A Common Stock were disposed of at a price of $210.95 per share to satisfy tax withholding obligations related to these vesting events.
• Following these transactions, Victoria Mink directly beneficially owns 15,722 shares of MSGS Class A Common Stock.
• Remaining unvested derivative securities include 1,011 RSUs scheduled to vest on September 15, 2026; 1,997 RSUs with vesting scheduled for September 15, 2026, and September 15, 2027; and 263 RSUs with vesting scheduled for September 15, 2026, and September 15, 2027.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as an executive officer's equity awards are vesting, and a significant portion of the shares are retained, indicating continued alignment with company performance. The tax-related sales are routine and do not reflect negative sentiment.

Positives

• Executive officer Victoria Mink increased her direct beneficial ownership of Class A Common Stock by 3,644 shares after accounting for tax withholdings, indicating continued alignment with shareholder interests.
• The vesting of RSUs and PSUs represents the successful achievement of previously set performance conditions and/or time-based milestones.

Negatives

• A portion of the vested shares (3,723 shares) was sold to cover tax liabilities, which is a standard practice but reduces the immediate increase in direct ownership.

Future Outlook

The filing indicates future vesting events for remaining Restricted Stock Units on September 15, 2026, and September 15, 2027, suggesting continued long-term equity incentives for the reporting person.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity compensation vesting and does not provide broader insights into industry trends or competitive landscape for Madison Square Garden Sports Corp. It reflects standard executive compensation practices within publicly traded companies.

Stakeholder Impact

• Shareholders: The filing indicates that a key executive's compensation is tied to company performance and long-term retention through equity awards, which can align management and shareholder interests. The executive's direct ownership increased by 3,644 shares.
• Employees: The filing reflects the company's use of equity-based compensation plans (2015 Employee Stock Plan) for executives, which is a common practice for attracting and retaining talent.

Next Steps

• Remaining portions of Restricted Stock Units (RSU 2, RSU 3, RSU 4) are scheduled to vest and settle on September 15, 2026.
• Remaining portions of Restricted Stock Units (RSU 3, RSU 4) are scheduled to vest and settle on September 15, 2027.

Key Dates

Keywords

Madison Square Garden Sports Corp., MSGS, Victoria Mink, EVP CFO Treasurer, Insider Transaction, Form 4, Restricted Stock Units, Performance Stock Units, Equity Compensation, Stock Vesting, Beneficial Ownership