Form 4: MSGS Executive Vests 9,601 Shares, Netting 4,464
Insider Transaction Report
Madison Square Garden Sports Corp. Executive Vice President David Granville-Smith acquired 9,601 shares through RSU vesting and disposed of 5,137 shares for tax obligations on September 15, 2025.
Summary
- Executive Vice President David Granville-Smith of Madison Square Garden Sports Corp. (MSGS) reported transactions on September 15, 2025.
- A total of 9,601 shares of Class A Common Stock were acquired through the vesting of Restricted Stock Units (RSUs) from three separate grants.
- Specifically, 6,503 shares vested from a June 15, 2023 grant, 1,684 shares from an August 28, 2023 grant, and 1,414 shares from an August 29, 2024 grant.
- 5,137 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 RSU vestings.
- Following these transactions, David Granville-Smith's direct beneficial ownership of Class A Common Stock is 8,163 shares.
- Remaining unvested RSUs include 6,503 units from the June 15, 2023 grant, 1,685 units from the August 28, 2023 grant, and 2,829 units from the August 29, 2024 grant, scheduled to vest in future periods.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding), which is a neutral event for company operations and stock performance.
Positives
- Executive Vice President David Granville-Smith received a significant portion of his equity compensation through the vesting of 9,601 Restricted Stock Units, demonstrating continued alignment with shareholder interests.
- The vesting of RSUs indicates the company's compensation plan is progressing as scheduled, rewarding executive performance.
Future Outlook
Remaining Restricted Stock Units are scheduled to vest on future dates: 6,503 units from the June 15, 2023 grant and 1,685 units from the August 28, 2023 grant are scheduled to vest on September 15, 2026. From the August 29, 2024 grant, 1,414 units are scheduled to vest on September 15, 2026, and 1,415 units are scheduled to vest on September 15, 2027.
Industry Context
This filing represents a routine executive compensation event, common across publicly traded companies where equity awards like Restricted Stock Units are a standard component of executive pay packages. The vesting of RSUs and subsequent share withholding for taxes are typical occurrences in the lifecycle of such awards.
Stakeholder Impact
- Shareholders: The vesting of RSUs results in a minor increase in outstanding shares, which could lead to slight dilution. However, it also signifies continued alignment of executive incentives with shareholder value.
- Employees: This filing pertains to executive compensation and does not directly impact the broader employee base, though it reflects the company's equity compensation practices.
Next Steps
- Scheduled vesting of 6,503 Restricted Stock Units on September 15, 2026.
- Scheduled vesting of 1,685 Restricted Stock Units on September 15, 2026.
- Scheduled vesting of 1,414 Restricted Stock Units on September 15, 2026.
- Scheduled vesting of 1,415 Restricted Stock Units on September 15, 2027.
Key Dates
| Date | Description |
|---|---|
| 06/15/2023 | Grant date for the first tranche of Restricted Stock Units (RSU 1). |
| 08/28/2023 | Grant date for the second tranche of Restricted Stock Units (RSU 2). |
| 09/13/2024 | Vesting and settlement date for one-third of RSU 1 and RSU 2 grants. |
| 08/29/2024 | Grant date for the third tranche of Restricted Stock Units (RSU 3). |
| 09/15/2025 | Transaction date for the reported RSU vestings and tax withholding. One-third of RSU 1, RSU 2, and RSU 3 vested and settled. |
| 09/17/2025 | Date the Form 4 filing was signed. |
| 09/15/2026 | Scheduled vesting and settlement date for the remaining one-third of RSU 1, remaining one-third of RSU 2, and one-third of RSU 3. |
| 09/15/2027 | Scheduled vesting and settlement date for the remaining one-third of RSU 3. |
Keywords
Madison Square Garden Sports Corp, MSGS, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Equity Compensation, David Granville-Smith
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