MSGE CFO vests 7,854 RSUs; 3,820 shares withheld
MSGE’s CFO had RSUs vest into Class A shares, with a portion withheld to cover taxes and no open-market trading reported.
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Form Type
4
Rhea-AI Filing Summary
Madison Square Garden Entertainment Corp. (MSGE) reported that EVP and CFO David J. Collins had previously granted restricted stock units vest and convert into Class A Common Stock on September 15, 2026. RSUs covering 4,782 and 3,072 shares vested and were settled into MSGE Class A shares, and 3,820 shares were withheld to satisfy tax withholding obligations related to these vestings. No open-market purchases or sales are reported, and no Rule 10b5-1 trading plan is indicated.
Insider Trade Summary
7,854 shares exercised/converted
Exercise
5 txns
Insider
Collins David J
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 4,782 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2 | 3,072 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 4,782 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F2 | 3,072 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F3 | 3,820 | $80.89 | $309K |
Holdings After Transaction:
Restricted Stock Units — 10,926 contracts (Direct);
Class A Common Stock — 7,092 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") was granted on April 24, 2025 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan (the "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, 2025. One-third of the RSUs vested and were settled on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027.
- F2. Each RSU was granted on August 25, 2025 under the 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.
- F3. Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1 and 2 above, exempt under Rule 16b-3.
Key Figures
RSUs vested from April 24, 2025 grant: 4,782 units
RSUs vested from August 25, 2025 grant: 3,072 units
Total RSUs converted: 7,854 units
+4 more
7 metrics
RSUs vested from April 24, 2025 grant
4,782 units
RSUs that vested and settled into MSGE Class A Common Stock on September 15, 2026 (Footnote F1)
RSUs vested from August 25, 2025 grant
3,072 units
RSUs that vested and settled into MSGE Class A Common Stock on September 15, 2026 (Footnote F2)
Total RSUs converted
7,854 units
Aggregate RSUs exercised/converted into MSGE Class A Common Stock on September 15, 2026
Shares withheld for taxes
3,820 shares
Class A Common Stock withheld to satisfy tax withholding obligations (code F, Footnote F3)
Withholding reference price
$80.89 per share
Price applied to 3,820 MSGE shares delivered or withheld for tax withholding obligations
2027 scheduled RSU vesting (F1 grant)
One-third of grant
Remaining one-third of April 24, 2025 RSUs scheduled to vest and settle on September 15, 2027
Future vesting dates (F2 grant)
2027 and 2028
Remaining RSUs from August 25, 2025 grant scheduled to vest and settle on September 15, 2027 and September 15, 2028
Key Terms
Restricted Stock Units, 2023 Employee Stock Plan, Rule 16b-3
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") was granted on April 24, 2025"
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 24, 2025 under the Madison Square Garden Entertainment Corp."
Rule 16b-3 regulatory
"withheld to satisfy tax withholding obligations ... 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 did MSGE CFO David J. Collins report on this Form 4 for MSGE?
He reported the vesting and settlement of 7,854 restricted stock units into MSGE Class A Common Stock on September 15, 2026, with a portion of the resulting shares withheld to satisfy related tax obligations.
Were the MSGE CFO’s transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating a Rule 10b5-1 trading plan, so no such plan is reported for these RSU-related transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
