Madison Square Garden Entertainment (NYSE: MSGE) director RSU grant

Rhea-AI Filing Summary

SALERNO FREDERIC V reported acquisition or exercise transactions in this Form 4 filing.

Madison Square Garden Entertainment Corp. director Frederic V. Salerno received a grant of 1,903 restricted stock units as part of his director compensation under the company’s 2023 Stock Plan for Non-Employee Directors. Each unit represents a right to receive one share of Class A common stock or the cash equivalent.

The RSUs are fully vested on the grant date and will be settled in stock or cash on the first business day 90 days after a separation from service. Following this grant, Salerno’s reported restricted stock unit holdings total 24,623 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SALERNO FREDERIC V

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,903	$0.00	--

Holdings After Transaction: Restricted Stock Units — 24,623 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") is granted in lieu of cash compensation otherwise payable as director fees under the Madison Square Garden Entertainment Corp. 2023 Stock Plan for Non-Employee Directors and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The RSUs are fully vested on the date of the grant and will be settled in stock or in cash on the first business day 90 days after a separation from service.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SALERNO FREDERIC V

(Last) (First) (Middle)

2 PENNSYLVANIA PLAZA

(Street)

NEW YORK NY 10121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Madison Square Garden Entertainment Corp. [ MSGE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/17/2026		A		1,903		(2)	(2)	Class A Common Stock	1,903	$0.0	24,623	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted in lieu of cash compensation otherwise payable as director fees under the Madison Square Garden Entertainment Corp. 2023 Stock Plan for Non-Employee Directors and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

2. The RSUs are fully vested on the date of the grant and will be settled in stock or in cash on the first business day 90 days after a separation from service.

	/s/ Mark C. Cresitello, Attorney-in-Fact for Frederic V. Salerno	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did MSGE director Frederic V. Salerno report on this Form 4?

Frederic V. Salerno reported acquiring 1,903 restricted stock units (RSUs) of Madison Square Garden Entertainment Corp. These RSUs were granted as part of his director compensation and increase his reported RSU holdings to 24,623 units following the transaction.

How many restricted stock units did MSGE grant to Frederic V. Salerno?

Madison Square Garden Entertainment Corp. granted 1,903 restricted stock units to director Frederic V. Salerno. The grant was made at a stated price of $0.0000 per unit, reflecting that it is compensation rather than an open-market purchase.

How are the RSUs granted to MSGE director Frederic V. Salerno structured?

Each RSU granted to Frederic V. Salerno represents a right to receive one share of Class A Common Stock or the cash equivalent. The RSUs are issued under the 2023 Stock Plan for Non-Employee Directors in lieu of cash director fees.

When do Frederic V. Salerno’s MSGE RSUs vest and settle?

The RSUs granted to Frederic V. Salerno are fully vested on the grant date. They will be settled in stock or cash on the first business day 90 days after a separation from service, according to the filing’s footnote disclosure.

What is Frederic V. Salerno’s total MSGE RSU holding after this grant?

Following the grant, Frederic V. Salerno’s reported holding of MSGE restricted stock units is 24,623 units. This total reflects his RSU position after the acquisition of 1,903 additional units disclosed in the Form 4 transaction details.

Why were RSUs granted instead of cash to MSGE director Frederic V. Salerno?

The filing states that each RSU is granted in lieu of cash compensation otherwise payable as director fees. This aligns with the Madison Square Garden Entertainment Corp. 2023 Stock Plan for Non-Employee Directors, which permits equity-based director compensation.