Sphere Entertainment sets Philip D'Ambrosio base salary at not less than $750,000; target bonus rises to not less than 100% of base salary

Reuters03-28
Sphere Entertainment sets Philip D'Ambrosio base salary at not less than $750,000; target bonus rises to not less than 100% of base salary
  • Sphere Entertainment entered into a new employment agreement with Executive Vice President and Treasurer Philip D'Ambrosio, effective April 1, 2026.
  • The agreement sets an annual base salary of at least USD 750,000 and a target annual bonus of at least 100% of base salary.
  • It also contemplates one or more annual long-term incentive awards with an aggregate target value of at least USD 1.4 million.
  • If his employment is terminated without cause or for good reason on or before March 31, 2029, severance will be determined at the company's discretion but will be no less than base salary plus target bonus.
  • If he resigns on at least 90 days' notice on or before March 31, 2029, outstanding long-term cash awards, restricted stock or restricted stock units, and any stock options or stock appreciation awards would immediately vest, subject to any applicable performance criteria.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sphere Entertainment Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-129172), on March 27, 2026, and is solely responsible for the information contained therein.

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