Director Anthony Vinciquerra receives RSU grant at Madison Square Garden Sports (MSGS)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VINCIQUERRA ANTHONY J reported acquisition or exercise transactions in this Form 4 filing.
Madison Square Garden Sports Corp. director Anthony J. Vinciquerra received an equity-based compensation grant in the form of restricted stock units. He was awarded 370 RSUs, with no cash paid per unit, increasing his directly held RSU balance to 6,274 units.
Each RSU was granted in lieu of cash director fees under the company’s 2015 Stock Plan for Non-Employee Directors. The RSUs are fully vested on the grant date and will be settled in either Class A common stock or the cash equivalent on the first business day 90 days after his separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
VINCIQUERRA ANTHONY J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 370 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,274 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") is granted in lieu of cash compensation otherwise payable as director fees under the Madison Square Garden Sports Corp. 2015 Stock Plan for Non-Employee Directors, as amended, 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.
FAQ
What insider transaction did MSGS director Anthony Vinciquerra report?
Anthony J. Vinciquerra reported an award of 370 restricted stock units as director compensation. These RSUs were granted at a price of $0.00 per unit and increased his directly held RSU balance to 6,274 units after the transaction.
How many MSGS restricted stock units does Anthony Vinciquerra hold after this grant?
After the award, Anthony J. Vinciquerra directly holds 6,274 restricted stock units linked to Madison Square Garden Sports Corp. This reflects the addition of 370 newly granted RSUs on top of his prior holdings, all reported as directly owned.
Why did MSGS grant Anthony Vinciquerra 370 restricted stock units?
The 370 restricted stock units were granted in lieu of cash director fees under Madison Square Garden Sports Corp.’s 2015 Stock Plan for Non-Employee Directors. This structure pays part of his board compensation in equity rather than cash.
When do Anthony Vinciquerra’s MSGS restricted stock units settle?
The restricted stock units are fully vested at grant and settle in stock or cash on the first business day 90 days after his separation from service. Settlement timing is therefore tied directly to when he ceases serving the company.
Are Anthony Vinciquerra’s new MSGS restricted stock units immediately vested?
Yes, the filing states the restricted stock units are fully vested on the grant date. Although vested immediately, they will be delivered as shares or cash only after he separates from service and 90 additional days have passed.