MSG Sports director awarded 353 RSUs
SEIDENBERG IVAN G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SEIDENBERG IVAN G reported acquisition or exercise transactions in this Form 4 filing.
Madison Square Garden Sports Corp. director Ivan G. Seidenberg received a grant of 353 restricted stock units as compensation. The award was given in lieu of cash director fees and increases his directly held restricted stock units to 7,873. Each unit represents the right to receive one share of Class A common stock or its cash equivalent. The units are fully vested on the grant date and 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 | 353 | $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
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What insider transaction did MSGS director Ivan Seidenberg report?
How many restricted stock units does the MSGS director hold after this grant?
Are the newly granted MSGS restricted stock units vested immediately?
When will Ivan Seidenberg’s MSGS restricted stock units be settled?
How are MSGS director fees structured for Ivan Seidenberg?
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