MSG Sports director awarded 370 restricted stock units
TESE VINCENT reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
TESE VINCENT reported acquisition or exercise transactions in this Form 4 filing.
Madison Square Garden Sports Corp. director Vincent Tese received a grant of 370 restricted stock units as part of his board compensation. These RSUs were granted in lieu of cash director fees under the company’s 2015 Stock Plan for Non-Employee Directors and are fully vested on the grant date. Each unit represents the right to receive one share of Class A common stock or the cash equivalent. Following this award, Tese holds 7,871 restricted stock units, which will be settled in stock or cash on the first business day 90 days after his separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 370 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MSGS director Vincent Tese report on this Form 4?
How are Vincent Tese’s MSGS restricted stock units structured and settled?
Are the MSGS restricted stock units granted to Vincent Tese immediately vested?
How many Madison Square Garden Sports RSUs does Vincent Tese hold after this award?
Why did MSGS grant restricted stock units instead of cash to Vincent Tese?
AI-generated analysis. How Rhea-AI works. Not financial advice.