Sphere Entertainment director receives RSU award
TESE VINCENT reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
TESE VINCENT reported acquisition or exercise transactions in this Form 4 filing.
Sphere Entertainment Co. director Vincent Tese received a grant of 1,173 restricted stock units as compensation. Each RSU represents one share of Class A Common Stock or its cash equivalent and vested immediately. After this award, Tese holds 20,327 shares-related units directly, with settlement generally occurring after service ends.
Insider Trade Summary
Grant/Award: 1,173 shares
Grant/Award
1 txn
Insider
TESE VINCENT
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,173 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 20,327 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 RSUs
Post-grant holdings: 20,327 shares/units
Grant price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
1,173 RSUs
Grant on 2026-06-10 as non-employee director compensation
Post-grant holdings
20,327 shares/units
Total reported directly held after RSU award
Grant price
$0.0000 per unit
Awarded as equity compensation rather than a purchase
Underlying security
1,173 Class A Common shares
Each RSU represents one share or cash equivalent
Settlement timing
90 days after separation
Settled in stock or cash on first business day 90 days post-service
Key Terms
Restricted Stock Units, RSU, Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, Class A Common Stock, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
RSU financial
"Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Stock Plan"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Sphere Entertainment Co. 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
"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 did Sphere Entertainment (SPHR) director Vincent Tese report on this Form 4?
Director Vincent Tese reported receiving 1,173 restricted stock units as a grant. These RSUs are part of his non-employee director compensation and each represents one share of Class A Common Stock or its cash equivalent, increasing his directly held units to 20,327 after the award.
How many Sphere Entertainment (SPHR) RSUs were granted to Vincent Tese?
Vincent Tese was granted 1,173 restricted stock units on this Form 4. Each RSU corresponds to one share of Class A Common Stock or the cash equivalent, and the grant vested in full on the grant date under the company’s 2020 Stock Plan for Non-Employee Directors.
When do Vincent Tese’s Sphere Entertainment (SPHR) RSUs settle?
The RSUs granted to Vincent Tese settle after he leaves board service. They will be settled in stock or cash on the first business day 90 days after a separation from service, according to the terms disclosed for the non-employee director stock plan.
Are Vincent Tese’s Sphere Entertainment (SPHR) RSUs immediately vested?
Yes, the RSUs are fully vested on the grant date. Although vesting is immediate, settlement into Class A Common Stock or cash occurs later, on the first business day 90 days following a separation from service, aligning with the non-employee director compensation plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
