0000950170-24-047592.txt : 20240424
0000950170-24-047592.hdr.sgml : 20240424
20240424161510
ACCESSION NUMBER: 0000950170-24-047592
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240422
FILED AS OF DATE: 20240424
DATE AS OF CHANGE: 20240424
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Franco Laura
CENTRAL INDEX KEY: 0001769491
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39245
FILM NUMBER: 24870748
MAIL ADDRESS:
STREET 1: C/O CBS CORPORATION
STREET 2: 51 WEST 52ND STREET
CITY: NEW YORK
STATE: NY
ZIP: 10019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sphere Entertainment Co.
CENTRAL INDEX KEY: 0001795250
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 843755666
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: TWO PENNSYLVANIA PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10121
BUSINESS PHONE: (212) 465-6000
MAIL ADDRESS:
STREET 1: TWO PENNSYLVANIA PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10121
FORMER COMPANY:
FORMER CONFORMED NAME: Madison Square Garden Entertainment Corp.
DATE OF NAME CHANGE: 20200417
FORMER COMPANY:
FORMER CONFORMED NAME: MSG ENTERTAINMENT SPINCO, INC.
DATE OF NAME CHANGE: 20191126
4
1
ownership.xml
4
X0508
4
2024-04-22
0001795250
Sphere Entertainment Co.
SPHR
0001769491
Franco Laura
TWO PENNSYLVANIA PLAZA
NEW YORK
NY
10121
false
true
false
false
EVP & General Counsel
false
Restricted Stock Units
2024-04-22
4
A
false
3728
0.0
A
Class A Common Stock
3728
3728
D
Restricted Stock Units
2024-04-22
4
A
false
20755
0.0
A
Class A Common Stock
20755
20755
D
Performance Restricted Stock Units
2024-04-22
4
A
false
3278
0.0
A
Class A Common Stock
3278
3278
D
Each Restricted Stock Unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
The RSUs will vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15, 2026.
The RSUs will vest and settle 32% on September 15, 2024, 40% on September 15, 2025, 24% on September 15, 2026, and 4% on September 15, 2027.
Each performance restricted stock unit ("PSU") represents a right to receive one share of Sphere Entertainment Co. (the "Issuer") Class A Common Stock or the cash equivalent thereof.
Represents PSUs granted on April 22, 2024 that are no longer subject to performance-based vesting requirements as a result of the decision by the Compensation Committee of the Board of Directors of the Issuer to deem performance achieved at 100% of target.
The PSUs are scheduled to vest and settle on September 15, 2026.
/s/ Mark C. Cresitello, Attorney-in-Fact for Laura Franco
2024-04-24