Companies Madison Square Garden Entertainment Corp.
Madison Square Garden Entertainment (MSGE): executive pay, fiscal 2026
Free brief. Every figure links to the company’s own filing.
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CEO pay, last three years
- $10,229,763FY2024
- $14,154,313FY2025
- $14,794,242FY2026
CEO total pay was $14,794,242 in fiscal 2026, up from $14,154,313 in fiscal 2025.
FY2026: salary $1,500,000 · bonus $0 · stock awards $8,889,878 · option awards $0
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| James Dolan | $1,500,000 | $0 | $8,889,878 | $0 | $3,849,000 | $0 | $555,364 | $14,794,242 |
| Executive Chairman and Chief Executive Officer | ||||||||
| Laura Franco | 185,342 | 0 | 723,640 | 0 | 237,794 | 0 | 2,208,053 | 3,354,830 |
| Former Executive Vice President and General Counsel | ||||||||
| Philip D’Ambrosio | 750,000 | 0 | 1,447,202 | 0 | 962,250 | 0 | 43,934 | 3,203,386 |
| Executive Vice President and Treasurer | ||||||||
| Allen Lo | 140,137 | 550,000 | 1,780,392 | 0 | 176,413 | 0 | 0 | 2,646,942 |
| Executive Vice President and Chief Legal Officer | ||||||||
| David Collins | 700,000 | 0 | 723,640 | 0 | 898,100 | 0 | 47,609 | 2,369,349 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Layth Taki | 187,671 | 0 | 516,897 | 0 | 120,391 | 0 | 759,373 | 1,584,332 |
| Former Senior Vice President, Controller and Principal Accounting Officer | ||||||||
| Alexander Shvartsman | 300,000 | 0 | 105,412 | 0 | 320,750 | 0 | 11,050 | 737,212 |
| Senior Vice President, Controller and Principal Accounting Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| James Dolan | $14,794,242 | $14,154,313 | $10,229,763 | ↑ +639,929 |
| Laura Franco | 3,354,830 | 1,869,869 | 2,011,121 | ↑ +1,484,961 |
| Philip D’Ambrosio | 3,203,386 | 2,848,474 | 2,810,861 | ↑ +354,912 |
| Allen Lo | 2,646,942 | — | — | — |
| David Collins | 2,369,349 | 1,070,564 | — | ↑ +1,298,785 |
| Layth Taki | 1,584,332 | 2,085,163 | — | ↓ −500,831 |
| Alexander Shvartsman | 737,212 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's compensation program is designed to attract, retain, and motivate experienced executive officers by linking a significant portion of compensation to pre-determined financial and strategic performance targets, with a focus on long-term stockholder value creation and alignment through equity-based awards.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | ClearBridge Compensation Group LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| David Collins | PSU | 2025-08-25 | 8,294 | 9,216 | — | 10,138 | $361,820 |
| David Collins | RSU | 2025-08-25 | — | — | 9,216 | — | 361,820 |
| Philip D’Ambrosio | PSU | 2025-08-25 | 16,588 | 18,431 | — | 20,274 | 723,601 |
| Philip D’Ambrosio | RSU | 2025-08-25 | — | — | 18,431 | — | 723,601 |
| James L. Dolan | PSU | 2025-08-25 | 101,896 | 113,218 | — | 124,540 | 4,444,939 |
| James L. Dolan | RSU | 2025-08-25 | — | — | 113,218 | — | 4,444,939 |
| Laura Franco | PSU | 2025-08-25 | 8,294 | 9,216 | — | 10,138 | 361,820 |
| Laura Franco | RSU | 2025-08-25 | — | — | 9,216 | — | 361,820 |
| Allen Lo | PSU | 2026-04-14 | 1,349 | 1,499 | — | 1,649 | 93,058 |
| Allen Lo | RSU | 2026-04-14 | — | — | 1,499 | — | 93,058 |
| Allen Lo | RSU | 2026-04-14 | — | — | 25,681 | — | 1,594,277 |
| Alexander Shvartsman | PSU | 2026-04-14 | 764 | 849 | — | 934 | 52,706 |
| Alexander Shvartsman | RSU | 2026-04-14 | — | — | 849 | — | 52,706 |
| Layth Taki | PSU | 2025-08-25 | 5,925 | 6,583 | — | 7,241 | 258,449 |
| Layth Taki | RSU | 2025-08-25 | — | — | 6,583 | — | 258,449 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| David Collins | $361,820 | $361,820 | $0 | 50.0% |
| Philip D’Ambrosio | 723,601 | 723,601 | 0 | 50.0% |
| James L. Dolan | 4,444,939 | 4,444,939 | 0 | 50.0% |
| Laura Franco | 361,820 | 361,820 | 0 | 50.0% |
| Allen Lo | 1,687,335 | 93,058 | 0 | 5.2% |
| Alexander Shvartsman | 52,706 | 52,706 | 0 | 50.0% |
| Layth Taki | 258,449 | 258,449 | 0 | 50.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Laura Franco | PSU | 21,966 | — | $1,776,830 |
| David Collins | PSU | 27,996 | — | 2,264,596 |
| Philip D’Ambrosio | PSU | 91,808 | — | 7,426,349 |
| Dolan | PSU | 535,489 | — | 43,315,705 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Frederic V. SalernoIndependent · Audit (Chair) · Compensation | $115,000 | $179,715 | — | — | — | $294,715 |
| Donna M. ColemanIndependent · Audit · Compensation (Chair) | 115,000 | 174,731 | — | — | — | 289,731 |
| Martin BandierIndependent · Audit · Compensation | 105,000 | 174,731 | — | — | — | 279,731 |
| Paul J. DolanNot independent | 75,000 | 174,731 | — | — | — | 249,731 |
| Ryan T. DolanNot independent | 75,000 | 174,731 | — | — | — | 249,731 |
| Brian G. SweeneyNot independent | 75,000 | 174,731 | — | — | — | 249,731 |
| Charles P. DolanNot independent | 75,000 | 174,731 | — | — | — | 249,731 |
| Thomas C. DolanNot independent | 75,000 | 174,731 | — | — | — | 249,731 |
| Marianne Dolan WeberNot independent | 75,000 | 174,731 | — | — | — | 249,731 |
| Claire D. SweeneyNot independent | 75,000 | 174,731 | — | — | — | 249,731 |
| Quentin F. DolanEmployee director · Not standing for re-election · Departed during FY | 44,075 | 174,731 | — | — | — | 218,806 |
| James L. DolanEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $160,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 25,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $904,075 |
| Equity awards (grant-date value) | $1,927,025 |
| All other compensation | $0 |
| Total cost of the board | $2,831,100 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Madison Square Garden Entertainment as a peer
Companies that benchmark against MSGE
4 companies name MSGE as a compensation peer
- Lionsgate Studios Corp.LIONFY2026
- National CineMedia, Inc.NCMIFY2025
- STARZ ENTERTAINMENT CORP /CN/LGF.AFY2025
- STARZ ENTERTAINMENT CORP /CN/STRZFY2025
Each company listed discloses MSGE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MSGE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Madison Square Garden Entertainment Corp. | 2026 | James Dolan | $1,500,000 | $8,889,878 | $0 | $3,849,000 | $14,794,242 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-12-10 | 103,196,572 | 1,159,044 | 12,916 | 98.89% | Passed |
| 2024 | 2024-12-11 | 103,191,070 | 1,215,819 | 9,647 | 98.84% | Passed |
| 2023 | 2023-12-06 | 102,040,491 | 1,495,508 | 39,698 | 98.56% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-12-10 | 98.89%a |
| 2024 | 2024-12-11 | 98.84%b |
| 2023 | 2023-12-06 | 98.56%c |
a. Approved under the standard stated in the filing — “The ratification of the appointment of Deloitte as the Company's independent registered public accounting firm (Proposal 2) and the advisory vote with respect to the compensation of our NEOs (Proposal 3) require the favorable vote of a majority of the votes cast by the holders of our Class A Common Stock and the holders of our Class B Common Stock, voting together as a single class. || Abstentions: Abstentions will not affect the outcome of the proposals because abstentions are not considered votes cast on those proposals.”.
b. Approved under the standard stated in the filing — “The (i) ratification of the appointment of Deloitte as the Company's independent registered public accounting firm (Proposal 2) and (ii) the advisory vote with respect to the compensation of our NEOs (Proposal 3) require the favorable vote of a majority of the votes cast by the holders of our Class A Common Stock and the holders of our Class B Common Stock, voting together as a single class. || Abstentions: Abstentions will not affect the outcome of the proposals because abstentions are not considered votes cast on those proposals.”.
c. Approved under the standard stated in the filing — “Approval of this proposal requires the favorable vote of the majority of the votes cast by the holders of our Company Stock, voting together as a single class.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 584 : 1 |
|---|---|
| CEO total compensation | $14,794,242 |
| Median employee compensation | $25,330 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (42 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, James Dolan. DEF 14A, filed 2026-10-22. Section “Summary Compensation Table” · page 57. As printed: 14,794,242. View filing ↗
- Section 01, Laura Franco. DEF 14A, filed 2026-10-22. Section “Summary Compensation Table” · page 57. As printed: 3,354,830. View filing ↗
- Section 01, Philip D’Ambrosio. DEF 14A, filed 2026-10-22. Section “Summary Compensation Table” · page 57. As printed: 3,203,386. View filing ↗
- Section 01, Allen Lo. DEF 14A, filed 2026-10-22. Section “Summary Compensation Table” · page 57. As printed: 2,646,942. View filing ↗
- Section 01, David Collins. DEF 14A, filed 2026-10-22. Section “Summary Compensation Table” · page 57. As printed: 2,369,349. View filing ↗
- Section 01, Layth Taki. DEF 14A, filed 2026-10-22. Section “Summary Compensation Table” · page 57. As printed: 1,584,332. View filing ↗
- Section 01, Alexander Shvartsman. DEF 14A, filed 2026-10-22. Section “Summary Compensation Table” · page 57. As printed: 737,212. View filing ↗
- Section 03, David Collins PSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, David Collins RSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Philip D’Ambrosio PSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Philip D’Ambrosio RSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James L. Dolan PSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James L. Dolan RSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Laura Franco PSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Laura Franco RSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Allen Lo PSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Allen Lo RSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Allen Lo RSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Alexander Shvartsman PSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Alexander Shvartsman RSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Layth Taki PSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Layth Taki RSU. DEF 14A, filed 2026-10-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-10-22. Section “CEO Pay Ratio”. As printed: 584 : 1. View filing ↗
- Section 08, Frederic V. Salerno. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 294,715. View filing ↗
- Section 08, Donna M. Coleman. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 289,731. View filing ↗
- Section 08, Martin Bandier. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 279,731. View filing ↗
- Section 08, Paul J. Dolan. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 249,731. View filing ↗
- Section 08, Ryan T. Dolan. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 249,731. View filing ↗
- Section 08, Brian G. Sweeney. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 249,731. View filing ↗
- Section 08, Charles P. Dolan. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 249,731. View filing ↗
- Section 08, Thomas C. Dolan. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 249,731. View filing ↗
- Section 08, Marianne Dolan Weber. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 249,731. View filing ↗
- Section 08, Claire D. Sweeney. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 249,731. View filing ↗
- Section 08, Quentin F. Dolan. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 218,806. View filing ↗
- Section 08, James L. Dolan. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-12-11. Item 5.07 · say-on-pay result. As reported: 98.89% (votes for as printed: 103,196,572). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-12-12. Item 5.07 · say-on-pay result. As reported: 98.84% (votes for as printed: 103,191,070). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-12-07. Item 5.07 · say-on-pay result. As reported: 98.56% (votes for as printed: 102,040,491). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 904,075 + equity 1,927,025 + all other 0 = 2,831,100, summed across the director compensation table rows.
- Madison Square Garden Entertainment Corp. (subject), Section 10b CEO total. DEF 14A, filed 2026-10-22. CEO total compensation as printed in Madison Square Garden Entertainment Corp.'s own proxy. As printed: 14,794,242. View filing ↗