Dolan Ryan Thomas 4
4 · Sphere Entertainment Co. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Sphere Entertainment (SPHR) Director Dolan Ryan Thomas Receives Award
What Happened
Director Dolan Ryan Thomas received a grant of 2,391 Restricted Stock Units (RSUs) on 2026-03-11. The grant is recorded as an award (derivative securities) with an acquisition price of $0.00, meaning no cash was paid by the insider. RSUs represent a future right to receive one share of Class A common stock (or a cash equivalent) once vested.
Key Details
- Transaction date: 2026-03-11; Form 4 filed 2026-03-13 (filed within two days of the transaction).
- Grant: 2,391 RSUs; reported acquisition price $0.00; security type: derivative (RSU).
- Plan: Granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended.
- Vesting: RSUs vest and will settle in three equal installments on March 15, 2027; March 15, 2028; and March 15, 2029 (per footnote).
- Post-transaction ownership: Total shares/beneficial ownership after the grant is not specified in the provided filing excerpt.
- Filing accession: SEC filing 0001193125-26-106130.
Context
This was a compensation award (code A), not an open-market purchase or sale. RSU grants are common executive/director compensation and do not immediately transfer shares or require cash payment; value is realized only if and when the RSUs vest and convert to shares (or cash). The filing appears timely under Form 4 reporting rules.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-11+2,391→ 2,391 totalExp: 2029-03-15→ Class A Common Stock (2,391 underlying)
Footnotes (2)
- [F1]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.
- [F2]The RSUs are scheduled to vest and settle in three equal installments on March 15, 2027, March 15, 2028 and March 15, 2029.