Andrew Lustgarten has been a vital force at Madison Square Garden Sports Corp. since joining in 2014. Initially serving as the Executive Vice President, he was appointed President and CEO in January 2020. Lustgarten’s journey includes experience with NBA operations,...

Andrew Lustgarten has been a vital force at Madison Square Garden Sports Corp. since joining in 2014. Initially serving as the Executive Vice President, he was appointed President and CEO in January 2020. Lustgarten’s journey includes experience with NBA operations, where he served in key strategic roles, and finance roles at companies like Cablevision. Under his leadership, the company has focused on expanding its entertainment and sports sectors, including the development of the MSG Sphere venues in Las Vegas and London. His compensation has varied over the years, with a significant increase in vested stock value, highlighting a commitment to aligning his performance with the company's success. Notably, Lustgarten is also dedicated to philanthropy, actively supporting the Lustgarten Foundation, which focuses on pancreatic cancer research since 2001. His tenure reflects a mix of strategic growth and attention to community issues, making him a well-rounded leader in the sports and entertainment industry.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Madison Square Garden Sports CEOs

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Andrew Lustgarten

Ex-CEO of Madison Square Garden Sports

Sector of Economy

Communication Services

Born

July 30, 2024 - 0 years ago

CEO of Madison Square Garden Sports for

3 years 11 months (Jan 2019 - Dec 2022)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Andrew Lustgarten

Holdings

See how much did Andrew Lustgarten make over time.

As the CEO of Madison Square Garden Sports Corp, Andrew Lustgarten has seen fluctuations in his holdings. At the peak, his holdings were worth approximately $8.5 million from vested stock and bonuses in 2019, reflecting strong company performance. However, by...

As the CEO of Madison Square Garden Sports Corp, Andrew Lustgarten has seen fluctuations in his holdings. At the peak, his holdings were worth approximately $8.5 million from vested stock and bonuses in 2019, reflecting strong company performance. However, by 2022, his total compensation dropped to around $8.3 million, mainly consisting of a salary and vested stock. Over the years, he has consistently invested in the business, indicating confidence in its direction. This shift highlights his adaptive strategy in navigating the company through changing market dynamics while maintaining significant personal stakes. His dedication is evident as his wealth remains closely tied to the performance of Madison Square Garden Sports.

Insider Trading

See recent insider trades of Andrew Lustgarten.

MSGE

1,325 shares

MSGE

Jul 9, 2021

Received

MSGE

3,226 shares

MSGE

Aug 25, 2020

Received

Compensation History

See how much did Andrew Lustgarten make over time.

Andrew Lustgarten’s compensation package has evolved over his tenure at Madison Square Garden Sports. In 2022, his total compensation was approximately $8.3 million, which included a base salary of $948,077. This year marked a significant decrease from the preceding year, where he earned around $10 million due to bonuses and vested stocks. His agreements include performance-based incentives aimed at aligning executive pay with company milestones, such as adjusted operating income and revenues. Notably, Lustgarten had no bonuses awarded in 2022, which highlights a more restrained approach in light of the company's performance. His compensation reflects a blend of various financial elements, focusing on creating long-term value for the company and its stakeholders.

Year

2022

Total Compensation

$4.90M

Salary

$948.08K

Board Justification

The compensation philosophy emphasizes performance-based incentives and alignment with shareholder interests, focusing on attracting and retaining top talent.

Bonus

$0.00

Board Justification

No bonus was awarded for the fiscal year 2022.

Other

$0.00

Board Justification

No additional compensation was reported for the fiscal year 2022.

Restricted Stock

$3.95M(3.95M RSU)

Board Justification

The value of the vested stock includes restricted stock units that vested during the fiscal year 2022.

Performance Metrics

The performance metrics include adjusted operating income (AOI) and revenues as key measures for determining compensation.

Other Madison Square Garden Sports CEOs

Here are other CEOs of Madison Square Garden Sports

James L. Dolan

CEO of Madison Square Garden Sports

May 2024 - Present