MSGE legal chief vests 9,059 stock units
MSGE’s EVP & Chief Legal Officer had RSUs vest into shares, with a portion withheld to cover tax obligations.
Rhea-AI Filing Summary
Madison Square Garden Entertainment Corp. (MSGE) executive Allen M. Lo, EVP & Chief Legal Officer, reported the vesting and settlement of 9,059 restricted stock units (RSUs) into Class A Common Stock on September 15, 2026, from an April 14, 2026 grant. In connection with this vesting, 4,502 shares of Class A Common Stock were delivered or withheld to satisfy tax withholding obligations. Following the transaction, 18,121 RSUs remain outstanding, scheduled to vest in equal installments on September 15, 2027 and September 15, 2028. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,059 shares exercised/converted
Exercise
3 txns
Insider
Lo Allen M.
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 9,059 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 9,059 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 4,502 | $80.89 | $364K |
Holdings After Transaction:
Restricted Stock Units — 18,121 contracts (Direct);
Class A Common Stock — 4,557 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") was granted on April 14, 2026 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan 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, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.
- F2. Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.
Key Figures
RSUs vested and settled: 9,059 units
Shares withheld for taxes: 4,502 shares
Tax withholding reference price: $80.89 per share
+3 more
6 metrics
RSUs vested and settled
9,059 units
One-third of the April 14, 2026 RSU grant vested on September 15, 2026
Shares withheld for taxes
4,502 shares
Class A Common Stock delivered or withheld to satisfy tax withholding obligations on September 15, 2026
Tax withholding reference price
$80.89 per share
Value used for the 4,502 shares withheld for tax obligations
Remaining RSUs
18,121 units
RSUs remaining after the September 15, 2026 vesting event
Future vesting dates
September 15, 2027 and September 15, 2028
Scheduled vesting and settlement dates for the remaining RSUs
RSU grant date
April 14, 2026
Grant date of the RSUs under the 2023 Employee Stock Plan
Key Terms
Restricted Stock Units, 2023 Employee Stock Plan, tax withholding obligations, Rule 16b-3
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") was granted on April 14, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2023 Employee Stock Plan financial
"granted on April 14, 2026 under the Madison Square Garden Entertainment Corp. 2023 Employee Stock Plan"
tax withholding obligations financial
"withheld to satisfy tax withholding obligations in connection with the vesting of RSUs"
Rule 16b-3 regulatory
"exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transaction did MSGE executive Allen M. Lo report on this Form 4 for MSGE?
Allen M. Lo reported the vesting and settlement of 9,059 RSUs into MSGE Class A Common Stock on September 15, 2026, from a grant made on April 14, 2026, plus related share withholding to cover tax obligations.
How many Madison Square Garden Entertainment (MSGE) RSUs vested for Allen M. Lo on September 15, 2026?
On September 15, 2026, 9,059 RSUs of Madison Square Garden Entertainment vested and were settled for Allen M. Lo, each RSU representing one share of MSGE Class A Common Stock or the cash equivalent.
What MSGE equity does Allen M. Lo still hold in the form of RSUs after this transaction?
After this transaction, Allen M. Lo holds 18,121 RSUs in MSGE, scheduled to vest and settle in two equal installments on September 15, 2027 and September 15, 2028, subject to the terms of the 2023 Employee Stock Plan.
Was Allen M. Lo’s MSGE Form 4 transaction executed under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan for these transactions; the 10b5-1 checkbox is not affirmed, and the footnotes do not state that a trading plan applied.
Under what plan were Allen M. Lo’s MSGE RSUs granted and when were they granted?
The RSUs were granted on April 14, 2026 under the Madison Square Garden Entertainment Corp. 2023 Employee Stock Plan, with each RSU representing the right to receive one share of MSGE Class A Common Stock or the cash equivalent.
AI-generated analysis. How Rhea-AI works. Not financial advice.
