---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-211062"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:49:51.547395+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Sphere Entertainment enters new employment agreement with MSG Networks CEO Andrea Greenberg through Sept 2025

## Summary
- Base salary of at least $1.35M annually; target bonus of 150% of base salary (50% of that for July-Dec 2024 transition period).
- Equity/cash award target of at least $2.525M annually, reduced to 50% for transition period; three-year vesting expected.
- Agreement expires Sept 1, 2025; termination without cause or for good reason triggers severance of at least 2x base salary plus target bonus.
- Prior agreement replaced; Greenberg continues as President & CEO of MSG Networks, reporting to Sphere's Executive Chairman.

## SEC filing metadata
- accession: 0001193125-24-211062
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000119312524211062/0001193125-24-211062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000119312524211062/d590358d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-211062
- JSON: https://secwatch.observer/filing/0001193125-24-211062.json
- Plain text: https://secwatch.observer/filing/0001193125-24-211062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.