Sphere Entertainment (SPHR) director receives 1,173 RSUs in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sweeney Brian reported acquisition or exercise transactions in this Form 4 filing.
Sphere Entertainment Co. director Brian Sweeney received a grant of 1,173 restricted stock units under the company’s 2020 Stock Plan for Non-Employee Directors. Each RSU represents one share of Class A common stock or cash, is fully vested on the grant date, and will settle after separation from service. Following this award, Sweeney holds 29,959 RSUs. Co-reporter Deborah A. Dolan-Sweeney, his spouse, is listed but disclaims beneficial ownership of these securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sweeney Brian, DOLAN-SWEENEY DEBORAH A
Role
null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,173 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 29,959 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. Securities are held by Brian G. Sweeney, Deborah A. Dolan-Sweeney's spouse. Ms. Dolan-Sweeney disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Sweeney and this report shall not be deemed to be an admission that Ms. Dolan-Sweeney is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
Key Figures
RSU grant size: 1,173 RSUs
Post-grant RSU holdings: 29,959 RSUs
RSU conversion ratio: 1 RSU = 1 share or cash equivalent
+1 more
4 metrics
RSU grant size
1,173 RSUs
Grant to director Brian Sweeney
Post-grant RSU holdings
29,959 RSUs
Sweeney’s total RSUs following transaction
RSU conversion ratio
1 RSU = 1 share or cash equivalent
Each unit tied to Class A common stock
Settlement timing
90 days after separation
RSUs settled on first business day 90 days post-separation
Key Terms
Restricted Stock Units, 2020 Stock Plan for Non-Employee Directors, Class A Common Stock, separation from service, +1 more
5 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"
beneficial ownership financial
"Ms. Dolan-Sweeney disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Sweeney"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did Sphere Entertainment (SPHR) report on this Form 4?
Sphere Entertainment reported that director Brian Sweeney received 1,173 restricted stock units as a grant under the 2020 Stock Plan for Non-Employee Directors. This is a compensation award, not an open-market stock purchase or sale.
How many Sphere Entertainment (SPHR) RSUs does Brian Sweeney hold after this grant?
After the grant of 1,173 restricted stock units, Brian Sweeney holds a total of 29,959 RSUs tied to Sphere Entertainment’s Class A common stock. These RSUs represent future stock or cash delivery, not currently tradable shares.
What are the key terms of the Sphere Entertainment (SPHR) RSU grant?
Each RSU granted to Brian Sweeney represents one share of Sphere Entertainment 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 after his separation from service.
When will Brian Sweeney’s Sphere Entertainment (SPHR) RSUs be settled?
The RSUs granted to Brian Sweeney will be settled in stock or cash on the first business day 90 days after his separation from service. Until settlement, they represent a right to receive value rather than currently issued shares.
What is Deborah A. Dolan-Sweeney’s relationship to this Sphere Entertainment (SPHR) Form 4?
Deborah A. Dolan-Sweeney is identified as Brian Sweeney’s spouse and a member of a Section 13(d) group, but she expressly disclaims beneficial ownership of the securities held or deemed held by him, according to the filing’s footnote.
Under what plan were the Sphere Entertainment (SPHR) RSUs granted?
The 1,173 RSUs were granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended. This plan provides stock-based compensation to outside directors rather than involving open-market stock transactions.