Sphere (SPHR) Insider Reports RSU Settlements; Tax Withholding of 757 Shares
Rhea-AI Filing Summary
Gregory Brunner, SVP, Controller & PAO of Sphere Entertainment Co. (SPHR), reported stock-settlement activity tied to vested restricted stock units. On 09/15/2025 he was issued 1,479 shares from RSUs granted 09/01/2023 and 624 shares from RSUs granted 08/27/2024; both issuances show $0.00 purchase price because they were settlements of restricted stock units. Additionally, 757 shares were reported as disposed of on 09/15/2025 at $60.29, which the filing explains represent shares withheld to satisfy tax-withholding obligations. Following these transactions he beneficially owned 2,292 Class A shares.
Positive
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Negative
- None.
Insights
TL;DR Routine insider vesting and tax-withholding; no new cash purchases or sales beyond withholding.
This Form 4 documents the scheduled vesting and settlement of previously granted restricted stock units (RSUs). The reporting person received 1,479 and 624 shares from two RSU grants and had 757 shares withheld to cover taxes, recorded as a disposition at $60.29. These actions reflect compensation settlement mechanics rather than open-market trading and do not indicate a new change in ownership strategy or corporate financing.
TL;DR Governance-compliant disclosure of RSU vesting and tax withholding; standard insider reporting.
The filing describes RSU grants under the 2020 Employee Stock Plan and their vesting schedule (one-third each year). The withheld shares are noted as exempt under Rule 16b-3, consistent with tax-withholding practices. This is a routine section 16 disclosure showing compensation settlement and tax compliance, with no indication of unusual insider transactions or governance concerns in the disclosure itself.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,479 | $0.00 | -- |
| Exercise | Restricted Stock Units | 624 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,479 | $0.00 | -- |
| Exercise | Class A Common Stock | 624 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 757 | $60.29 | $46K |
Footnotes (1)
- 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 are scheduled to vest and settle on September 15, 2026. 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 are scheduled to vest and settle on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027. Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes1 and 2, exempt under Rule 16b-3.
