Sphere Entertainment (SPHR) director granted 1,173 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SYKES JOHN L reported acquisition or exercise transactions in this Form 4 filing.
Sphere Entertainment Co. director John L. Sykes 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 and is fully vested on the grant date, with settlement in stock or cash 90 days after his separation from service. Following this award, he holds 27,092 shares-related units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SYKES JOHN L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,173 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 27,092 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
RSU grant size: 1,173 RSUs
Post-grant holdings: 27,092 shares-related units
RSU conversion ratio: 1 RSU = 1 share or cash equivalent
+2 more
5 metrics
RSU grant size
1,173 RSUs
Grant to director John L. Sykes on reported date
Post-grant holdings
27,092 shares-related units
Total direct holdings after RSU award
RSU conversion ratio
1 RSU = 1 share or cash equivalent
Each RSU under 2020 Stock Plan for Non-Employee Directors
Vesting status
Fully vested on grant date
RSUs granted to non-employee director
Settlement timing
90 days after separation from service
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
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 regulatory
"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 regulatory
"will be settled in stock or in cash on the first business day 90 days after a separation from service"
FAQ
What insider transaction did Sphere Entertainment (SPHR) report for John L. Sykes?
Sphere Entertainment reported that director John L. Sykes received 1,173 restricted stock units. These RSUs were granted as director compensation and increase his direct holdings to 27,092 share-linked units.
How many restricted stock units did SPHR director John L. Sykes receive?
John L. Sykes received 1,173 restricted stock units. Each RSU represents one share of Class A Common Stock or its cash equivalent and is part of Sphere Entertainment’s 2020 Stock Plan for Non-Employee Directors.
Are the RSUs granted to SPHR director John L. Sykes immediately vested?
Yes, the RSUs granted to John L. Sykes are fully vested on the grant date. Although vested immediately, they will be settled in stock or cash after he separates from service, following the plan’s terms.
When will John L. Sykes’ Sphere Entertainment RSUs be settled?
The RSUs will be settled in stock or cash on the first business day 90 days after John L. Sykes’ separation from service. This delayed settlement feature is defined in the company’s 2020 Stock Plan for Non-Employee Directors.