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Sphere Entertainment Co. — Director's Dealing 2024
Apr 24, 2024
31842_dirs_2024-04-24_4ff31a7d-822e-44f4-9b49-af8f29a70c3d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Sphere Entertainment Co. (SPHR)
CIK: 0001795250
Period of Report: 2024-04-22
Reporting Person: Franco Laura (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-22 | Restricted Stock Units | $ | A | 3728 | Acquired | Class A Common Stock (3728) | Direct | |
| 2024-04-22 | Restricted Stock Units | $ | A | 20755 | Acquired | Class A Common Stock (20755) | Direct | |
| 2024-04-22 | Performance Restricted Stock Units | $ | A | 3278 | Acquired | Class A Common Stock (3278) | Direct |
Footnotes
F1: Each Restricted Stock Unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2: The RSUs will vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15, 2026.
F3: The RSUs will vest and settle 32% on September 15, 2024, 40% on September 15, 2025, 24% on September 15, 2026, and 4% on September 15, 2027.
F4: 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.
F5: Represents PSUs granted on April 22, 2024 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 performance achieved at 100% of target.
F6: The PSUs are scheduled to vest and settle on September 15, 2026.