MSG Sports SVP gets 389 shares in award vesting
Equity awards for the SVP, Controller and PAO vested into MSGS Class A shares, with part of the stock withheld to cover taxes.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Madison Square Garden Sports Corp. (MSGS) reported that Christopher Ripp, SVP, Controller and PAO, had multiple equity awards vest and settle on September 15, 2026. A total of 389 shares of Class A Common Stock were acquired upon the vesting and settlement of RSUs and performance RSUs, and 139 shares of Class A Common Stock were withheld at $393.27 per share to satisfy related tax withholding obligations, all under the company’s 2015 Employee Stock Plan.
Insider Trade Summary
389 shares exercised/converted
Exercise
12 txns
Insider
Ripp Christopher
Role
SVP, Controller and PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 51 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2 | 50 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 75 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4 | 64 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units F6 | 149 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 51 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F2 | 50 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F3 | 75 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F4 | 64 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F5 | 86 | $393.27 | $34K |
| Exercise | Class A Common Stock F6 | 149 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F7 | 53 | $393.27 | $21K |
Holdings After Transaction:
Restricted Stock Units — 329 contracts (Direct);
Performance Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 329.324 shares (Direct)
Footnotes (7)
- F1. Each restricted stock unit ("RSU") was granted on August 28, 2023 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs vested and were settled on September 15, 2026.
- F2. Each RSU was granted on August 29, 2024 under the 2015 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 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.
- F3. Each RSU was granted on August 21, 2025 under the 2015 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, 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.
- F4. Each RSU was granted on April 16, 2026 under the 2015 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, 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.
- F5. Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
- F6. Each performance restriced stock unit ("PSU") was granted on August 28, 2023 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 26, 2026 and the PSUs vested and were settled on September 15, 2026.
- F7. Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 6, exempt under Rule 16b-3.
Key Figures
Shares acquired via RSU/PSU vesting: 389 shares
Shares withheld for taxes (RSUs and PSUs): 139 shares
Tax withholding share price: $393.27 per share
+2 more
5 metrics
Shares acquired via RSU/PSU vesting
389 shares
Class A Common Stock received upon vesting and settlement on September 15, 2026
Shares withheld for taxes (RSUs and PSUs)
139 shares
Shares withheld to satisfy tax withholding obligations on September 15, 2026
Tax withholding share price
$393.27 per share
Price applied to 86 and 53 withheld shares on September 15, 2026
PSU shares vested and settled
149 shares
Performance RSUs granted August 28, 2023; performance met August 26, 2026; vested September 15, 2026
2015 Employee Stock Plan grants
4 RSU/PSU grants
Awards dated August 28, 2023; August 29, 2024; August 21, 2025; April 16, 2026
Key Terms
restricted stock unit, Performance restricted stock unit, 2015 Employee Stock Plan, Rule 16b-3
4 terms
restricted stock unit financial
"Each restricted stock unit ("RSU") was granted on August 28, 2023"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance restricted stock unit financial
"Each performance restriced stock unit ("PSU") was granted on August 28, 2023"
2015 Employee Stock Plan financial
"under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan"
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 insider equity activity did MSGS report for Christopher Ripp on September 15, 2026?
On September 15, 2026, 389 shares of MSGS Class A Common Stock were acquired by Christopher Ripp through the vesting and settlement of RSUs and performance RSUs, with 139 shares withheld to cover tax obligations.
What is the vesting schedule of the 2024 RSU grant reported for MSGS?
The 2024 RSU grant, made on August 29, 2024, vests and settles in three equal parts: one-third on September 15, 2025, one-third on September 15, 2026, and the remaining one-third scheduled for September 15, 2027.
When did the performance conditions for Christopher Ripp’s MSGS PSUs get satisfied?
The performance conditions for the performance restricted stock units were satisfied on August 26, 2026, and the PSUs then vested and were settled into 149 shares of Class A Common Stock on September 15, 2026.
Were the MSGS insider transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not checked, so the reported transactions are not affirmed as having been made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
