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Sphere Entertainment Co. — Director's Dealing 2024
Mar 29, 2024
31842_dirs_2024-03-29_6b9bcc1e-da77-4e16-96c7-9811fa269373.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: 2024-03-27
Reporting Person: GREENBERG ANDREA (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-27 | Class A Common Stock | M | 3513 | $0.00 | Acquired | 92294 | Direct |
| 2024-03-27 | Class A Common Stock | F | 3513 | $49.27 | Disposed | 88781 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-27 | Performance Restricted Stock Units | $ | A | 18431 | Acquired | Class A Common Stock (18431) | Direct | |
| 2024-03-27 | Performance Restricted Stock Units | $ | M | 885 | Disposed | Class A Common Stock (885) | Direct | |
| 2024-03-27 | Performance Restricted Stock Units | $ | A | 20779 | Acquired | Class A Common Stock (20779) | Direct | |
| 2024-03-27 | Performance Restricted Stock Units | $ | M | 998 | Disposed | Class A Common Stock (998) | Direct | |
| 2024-03-27 | Performance Restricted Stock Units | $ | A | 33957 | Acquired | Class A Common Stock (33957) | Direct | |
| 2024-03-27 | Performance Restricted Stock Units | $ | M | 1630 | Disposed | Class A Common Stock (1630) | Direct |
Footnotes
F1: Represents performance restricted stock units ("PSUs") of Sphere Entertainment Co. (the "Issuer") withheld to satisfy FICA tax withholding obligations arising in connection with the PSUs described in footnotes 3, 5 and 7 as a result of certain vesting rights contained in the Reporting Person's employment agreement, exempt under Rule 16b-3.
F2: Each PSU was granted under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by the Issuer and represents a right to receive one share of the Issuer Class A Common Stock or the cash equivalent thereof.
F3: Represents PSUs granted on August 27, 2021 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.
F4: The PSUs are scheduled to vest and settle on September 15, 2024.
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.