Dolan Ryan Thomas bought SPHR
October 25, 2023 · Form 4 insider transaction
Dolan Ryan Thomas bought 14,031 shares of Sphere Entertainment Co. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 870 days after the transaction.
Footnotes
The stock appreciate rights ("SARS") were granted on October 25, 2023 under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represent the right to receive, upon exercise, a cash amount equal to the number of shares of Class A Common Stock ("Shares") underlying the SARSs being exercised multiplied by the excess of (i) the fair market value of one Share on the date the SARs are exercised over (ii) the exercise price.; The SARs will vest on October 20, 2026 if Ryan Dolan has remained employed by the Issuer or any of its subsidiaries through such date (subject to certain limited exceptions).