Sphere Entertainment director gets 2,497 shares
A Sphere Entertainment Co. director settled RSUs and PSUs into Class A shares, with a portion withheld for taxes and no open-market trades reported.
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Form Type
4
Rhea-AI Filing Summary
Sphere Entertainment Co. (SPHR) director Ryan Thomas Dolan reported the vesting and settlement of restricted stock units and performance restricted stock units into a total of 2,497 shares of Class A Common Stock on September 15, 2026. In connection with these vestings, 894 shares were withheld to satisfy tax withholding obligations, and no open-market purchases or sales are reported. No Rule 10b5-1 trading plan is indicated.
Insider Trade Summary
2,497 shares exercised/converted
Exercise
12 txns
Insider
Dolan Ryan Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 269 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2 | 275 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 321 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units F5 | 807 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units F6 | 825 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 269 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F2 | 275 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F3 | 321 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F4 | 309 | $144.12 | $45K |
| Exercise | Class A Common Stock F5 | 807 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F6 | 825 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F7 | 585 | $144.12 | $84K |
Holdings After Transaction:
Restricted Stock Units — 322 contracts (Direct);
Performance Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 5,662 shares (Direct)
Footnotes (7)
- F1. Each restricted stock unit ("RSU") was granted on September 1, 2023 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 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 April 22, 2024 under the 2020 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.
- F3. Each RSU was granted on August 27, 2024 under the 2020 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.
- F4. Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2 and 3, exempt under Rule 16b-3.
- F5. Each performance restricted stock unit ("PSU") was granted on September 1, 2023 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 15, 2026.
- F6. Each PSU was granted on April 22, 2024 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target. The PSUs vested and were settled on September 15, 2026.
- F7. Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnotes 5 and 6, exempt under Rule 16b-3.
Key Figures
Shares acquired via RSU/PSU vesting: 2,497 shares
Shares withheld for taxes: 894 shares
Tax withholding price: $144.12 per share
+3 more
6 metrics
Shares acquired via RSU/PSU vesting
2,497 shares
Total derivative exercises or conversions on September 15, 2026
Shares withheld for taxes
894 shares
Code F tax-withholding dispositions on September 15, 2026
Tax withholding price
$144.12 per share
Price for Class A Common Stock in code F transactions
RSU grant date (F1 and F5 awards)
September 1, 2023
Grant date for certain RSUs and PSUs under 2020 Employee Stock Plan
RSU/PSU vesting date
September 15, 2026
Date RSUs and PSUs vested and were settled into Class A shares
Additional RSU grant dates
April 22, 2024; August 27, 2024
Grant dates for other RSU and PSU awards reported
Key Terms
Restricted Stock Units, Performance Restricted Stock Units, 2020 Employee Stock Plan, Rule 16b-3
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") was granted on September 1, 2023"
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.
Performance Restricted Stock Units financial
"Each performance restricted stock unit ("PSU") was granted on September 1, 2023"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
2020 Employee Stock Plan financial
"under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended"
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 did SPHR director Ryan Thomas Dolan report on this Form 4?
He reported the vesting and settlement of restricted stock units and performance restricted stock units into a total of 2,497 shares of Class A Common Stock on September 15, 2026, with some shares withheld to cover tax obligations.
Were the SPHR transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and the footnotes describe routine vesting, settlement, and related tax withholding, without referencing any pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
