MSGE Form 4: SVP Layth records RSU settlement and tax withholding
Rhea-AI Filing Summary
Madison Square Garden Entertainment insider reported a routine RSU vesting and tax-withholding on Sept 15, 2025. Taki Layth, SVP, Controller and PAO, had 10,183 restricted stock units vest and settle into Class A common stock on that date. Of those vested RSUs, 4,103 shares were withheld to satisfy tax obligations and 6,080 shares were delivered for the reporting person. After the transactions, the reporting person beneficially owned 20,368 shares of Class A common stock. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on Sept 17, 2025.
Positive
- Transparent disclosure of RSU vesting and tax withholding consistent with Section 16 filing requirements
- No sales of shares reported beyond tax withholding, indicating retention of vested shares
Negative
- None.
Insights
TL;DR: Routine RSU vesting and tax withholding; modest share increase, immaterial to company valuation.
The filing documents an ordinary compensation-related equity settlement: 10,183 RSUs vested on Sept 15, 2025, yielding net delivery of 6,080 shares after withholding 4,103 shares for taxes. This is a personal compensation event rather than a market-moving transaction. The post-transaction beneficial ownership stands at 20,368 Class A shares. No derivative exercises or dispositions beyond the RSU settlement are reported.
TL;DR: Standard Section 16 disclosure for executive compensation settlement; disclosure appears complete.
The report identifies the reporting person as SVP, Controller and PAO and reflects settlement mechanics under the 2023 Employee Stock Plan, including tax-withholding exempt under Rule 16b-3. The form indicates single filer's submission and includes attorney-in-fact signature. There are no indications of trading plans or Rule 10b5-1 elections noted on the form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,183 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,183 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,103 | $43.94 | $180K |
Footnotes (1)
- Each restricted stock unit ("RSU") was granted on April 24, 2025 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan and represents a right to receive one share of 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 are scheduled to vest and settle on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027. Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footone 1 above, exempt under Rule 16b-3.
