James L. Dolan - Aug 27, 2021 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role
Executive Chairman and CEO, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Stock symbol
SPHR
Transactions as of
Aug 27, 2021
Transactions value $
$0
Form type
4
Date filed
8/31/2021, 06:55 PM
Previous filing
Aug 23, 2021
Next filing
Sep 17, 2021

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 Restricted Stock Units Award $0 +69K $0.00 69K Aug 27, 2021 Class A Common Stock 69K Direct F1, F2, F3
transaction SPHR Performance Restricted Stock Units Award $0 +12.2K $0.00 12.2K Aug 27, 2021 Class A Common Stock 12.2K Direct F3, F4
transaction SPHR Performance Restricted Stock Units Award $0 +2.44K $0.00 2.44K Aug 27, 2021 Class A Common Stock 2.44K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") is granted under the Madison Square Garden Entertainment Corp. 2020 Employee Stock Plan (the "2020 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2 The RSUs are scheduled to vest and settle in three equal installments on September 15, 2022, September 15, 2023 and September 15, 2024.
F3 Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) and this report shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F4 Each performance restricted stock unit ("PSU") was granted on April 17, 2020 under the 2020 Employee Stock Plan in respect of a PSU granted by Madison Square Garden Sports Corp. ("MSGS") on August 29, 2018 and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2021. The PSUs are scheduled to vest and settle on September 15, 2021.
F5 Each PSU was granted on April 17, 2020 under the 2020 Employee Stock Plan in respect of a PSU granted by MSGS on October 3, 2018 and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2021. The PSUs are scheduled to vest and settle on September 15, 2021.