James L. Dolan - Mar 27, 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
Executive Chairman and CEO, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Stock symbol
SPHR
Transactions as of
Mar 27, 2024
Transactions value $
$0
Form type
4
Date filed
3/29/2024, 04:05 PM
Previous filing
Mar 13, 2024
Next filing
Jun 14, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPHR Performance Restricted Stock Units Award +84.7K 84.7K Mar 27, 2024 Class A Common Stock 84.7K Direct F1, F2, F3, F4
transaction SPHR Performance Restricted Stock Units Award +98.8K 98.8K Mar 27, 2024 Class A Common Stock 98.8K Direct F1, F4, F5, F6
transaction SPHR Performance Restricted Stock Units Award +80.7K 80.7K Mar 27, 2024 Class A Common Stock 80.7K Direct F1, F4, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance restricted stock unit ("PSU") represents a right to receive one share of Sphere Entertainment Co. (the "Issuer") Class A Common Stock or the cash equivalent thereof.
F2 Represents PSUs granted on August 27, 2021 and April 20, 2022 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target.
F3 The PSUs are scheduled to vest and settle on September 15, 2024.
F4 Securities held directly by James L. Dolan, Kristin A. Dolan's spouse. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities in which she has a direct pecuniary interest) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F5 Represents PSUs granted on August 31, 2022 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target.
F6 The PSUs are scheduled to vest and settle on September 15, 2025.
F7 Represents PSUs granted on September 1, 2023 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem such PSUs earned at 100% of target.
F8 The PSUs are scheduled to vest and settle on September 15, 2026.