Sphere Entertainment (NYSE: SPHR) awards 1,173 RSUs to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEBER MARIANNE DOLAN reported acquisition or exercise transactions in this Form 4 filing.
Sphere Entertainment Co. director Marianne Dolan Weber received a grant of 1,173 restricted stock units as equity compensation. Each RSU represents one share of Class A Common Stock or its cash equivalent under the company’s 2020 Stock Plan for Non-Employee Directors.
The RSUs are fully vested on the grant date and will be settled in stock or cash on the first business day 90 days after her separation from service. Following this grant, she holds a total of 20,327 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WEBER MARIANNE DOLAN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,173 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 20,327 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 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.
Key Figures
RSUs granted: 1,173 units
RSUs after transaction: 20,327 units
Grant price: $0.00 per unit
+2 more
5 metrics
RSUs granted
1,173 units
Grant to director on 2026-06-10
RSUs after transaction
20,327 units
Total RSUs held by Marianne Dolan Weber following grant
Grant price
$0.00 per unit
Equity award, no cash paid by director
Underlying security
1,173 Class A shares
Each RSU represents one share or cash equivalent
Transaction code
A (grant/award acquisition)
Classified as an acquisition of derivative securities
Key Terms
Restricted Stock Units, Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, separation from service
3 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors financial
"Each restricted stock unit is granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors"
separation from service financial
"settled in stock or in cash on the first business day 90 days after a separation from service"
FAQ
What did Sphere Entertainment Co. (SPHR) disclose in this Form 4?
Sphere Entertainment Co. reported that director Marianne Dolan Weber received 1,173 restricted stock units as a grant. These RSUs are part of her non-employee director compensation under the company’s 2020 Stock Plan and increase her total RSU holdings to 20,327.
How many RSUs did Marianne Dolan Weber receive from Sphere Entertainment (SPHR)?
Marianne Dolan Weber received 1,173 restricted stock units from Sphere Entertainment. Each RSU represents the right to receive one share of Class A Common Stock or the cash equivalent, granted as compensation for her service as a non-employee director.
Are the newly granted RSUs to SPHR director Marianne Dolan Weber vested?
Yes, the RSUs granted to Marianne Dolan Weber are fully vested on the grant date. Although vested immediately, they will only be settled in stock or cash after she separates from service and 90 days have passed from that first business day.
When will Marianne Dolan Weber’s SPHR RSUs be settled into stock or cash?
The RSUs will be settled in stock or cash on the first business day 90 days after Marianne Dolan Weber’s separation from service. Until that settlement date, she holds rights to the underlying Class A shares or their cash equivalent under the plan.
What is Marianne Dolan Weber’s total RSU position in Sphere Entertainment (SPHR) after this grant?
After receiving 1,173 new RSUs, Marianne Dolan Weber holds a total of 20,327 restricted stock units. All RSUs were granted under Sphere Entertainment Co.’s 2020 Stock Plan for Non-Employee Directors and are associated with Class A Common Stock.
What plan governs the RSU grant to Sphere Entertainment (SPHR) director Marianne Dolan Weber?
The RSU grant is made under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended. This plan provides equity-based compensation, with each RSU representing one share of Class A Common Stock or its cash equivalent upon settlement.