Sphere Entertainment director granted 1,173 RSUs
LITVIN JOEL M. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
LITVIN JOEL M. reported acquisition or exercise transactions in this Form 4 filing.
Sphere Entertainment Co. director Joel M. Litvin received a grant of 1,173 restricted stock units (RSUs) of Class A Common Stock as equity compensation. These RSUs are fully vested on the grant date and increase his reported RSU holdings to 25,256 units. Each RSU represents the right to receive one share or the cash equivalent, which will be delivered on the first business day 90 days after a separation from service.
Insider Trade Summary
Grant/Award: 1,173 shares
Grant/Award
1 txn
Insider
LITVIN JOEL M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,173 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 25,256 contracts (Direct)
Footnotes (2)
- F1. 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.
- 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.
Key Figures
RSUs granted: 1,173 units
RSU holdings after grant: 25,256 units
Grant price per RSU: $0.00
+1 more
4 metrics
RSUs granted
1,173 units
Restricted Stock Units awarded to director on grant date
RSU holdings after grant
25,256 units
Total restricted stock units following the reported transaction
Grant price per RSU
$0.00
Equity award granted with no cash paid by director
Underlying security
Class A Common Stock
Each RSU represents right to one share or cash equivalent
Key Terms
Restricted Stock Units, 2020 Stock Plan for Non-Employee Directors, Class A Common Stock, separation from service
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors"
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.
2020 Stock Plan for Non-Employee Directors financial
"granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended"
Class A Common Stock financial
"represents a right to receive one share of Class A Common Stock or the cash equivalent thereof"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
separation from service financial
"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 Sphere Entertainment (SPHR) report for Joel M. Litvin?
Sphere Entertainment reported that director Joel M. Litvin received 1,173 restricted stock units. These RSUs are a form of equity compensation and are fully vested on the grant date, representing rights to future Class A Common Stock or cash.
How many restricted stock units does Joel M. Litvin hold after this SPHR Form 4?
After the reported grant, Joel M. Litvin holds 25,256 restricted stock units. This total reflects his updated position in RSUs, each representing a right to receive one share of Class A Common Stock or the cash equivalent in the future.
What are the key terms of the RSU grant reported by Sphere Entertainment (SPHR)?
The RSUs were granted at no cash cost under the 2020 Stock Plan for Non-Employee Directors. They are fully vested on the grant date and will be settled in stock or cash on the first business day 90 days after a separation from service.
How do the SPHR RSUs for Joel M. Litvin settle in the future?
Each RSU will be settled in either one share of Class A Common Stock or the cash equivalent. Settlement occurs on the first business day 90 days after Joel M. Litvin experiences a separation from service as described in the plan terms.
Under which plan were the SPHR RSUs for Joel M. Litvin granted?
The RSUs were granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended. This plan provides equity-based awards to non-employee directors, aligning their compensation with the company’s Class A Common Stock performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
