Philip D'Ambrosio - Sep 15, 2022 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (SPHR)

Role
SVP and Treasurer
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Philip G. D'Ambrosio
Stock symbol
SPHR
Transactions as of
Sep 15, 2022
Transactions value $
-$163,971
Form type
4
Date filed
9/19/2022, 04:15 PM
Previous filing
Sep 2, 2022
Next filing
Sep 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +480 +8.37% $0.00 6.22K Sep 15, 2022 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +1.93K +31.06% $0.00 8.15K Sep 15, 2022 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +381 +4.68% $0.00 8.53K Sep 15, 2022 Direct F3
transaction SPHR Class A Common Stock Options Exercise $0 +2.43K +28.53% $0.00 11K Sep 15, 2022 Direct F4
transaction SPHR Class A Common Stock Tax liability -$134K -2.38K -21.72% $56.27 8.58K Sep 15, 2022 Direct F5
transaction SPHR Class A Common Stock Options Exercise $0 +1.48K +17.24% $0.00 10.1K Sep 15, 2022 Direct F6
transaction SPHR Class A Common Stock Tax liability -$30K -533 -5.3% $56.27 9.53K Sep 15, 2022 Direct F7

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 Options Exercise $0 -480 -100% $0.00* 0 Sep 15, 2022 Class A Common Stock 480 Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -1.93K -50% $0.00 1.93K Sep 15, 2022 Class A Common Stock 1.93K Direct F2
transaction SPHR Restricted Stock Units Options Exercise $0 -381 -50% $0.00 381 Sep 15, 2022 Class A Common Stock 381 Direct F3
transaction SPHR Restricted Stock Units Options Exercise $0 -2.43K -33.33% $0.00 4.87K Sep 15, 2022 Class A Common Stock 2.43K Direct F4
transaction SPHR Performance Restricted Stock Units Options Exercise $0 -1.48K -100% $0.00* 0 Sep 15, 2022 Class A Common Stock 1.48K Direct F6
* 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") was granted on April 17, 2020 under the Madison Square Garden Entertainment Corp. ("MSGE") 2020 Employee Stock Plan (the "2020 Employee Stock Plan") in respect of an RSU granted by Madison Square Garden Sports Corp. ("MSGS") on August 29, 2019 and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2020. One-third of the RSUs vested and were settled on September 15, 2021. The remaining one-third of the RSUs vested and were settled on September 15, 2022.
F2 Each RSU was granted on August 25, 2020 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2021. One-third of the RSUs vested and were settled on September 15, 2022. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2023.
F3 Each RSU was granted on April 22, 2021 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2021. One-third of the RSUs vested and were settled on September 15, 2022. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2023.
F4 Each RSU was granted on August 27, 2021 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs are scheduled to vest and settle on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.
F5 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6 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 MSGS on August 29, 2019 and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 31, 2022. The PSUs vested and were settled on September 15, 2022.
F7 Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 6, exempt under Rule 16b-3.