Form 4: Bally's Corp Director Terrence Downey Acquires Shares Through Restricted Stock Grant

Director Terrence Downey acquired 7,686 shares of Bally's Corp common stock through a restricted stock grant.

Summary

• On May 16, 2024, Terrence Downey, a director of Bally's Corporation, acquired 7,686 shares of common stock.
• The acquisition was a result of a restricted stock grant.
• The shares were acquired at a price of $0.
• Following the transaction, Downey directly owns 45,459 shares of Bally's Corp.
• The restricted stock will vest on the earlier of the first anniversary of the grant date or the 2025 annual meeting of shareholders, contingent upon continued service.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of shares through a restricted stock grant, which is neither overtly positive nor negative.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The restricted stock grant vests on the earlier of the first anniversary of the grant date or the 2025 annual meeting of shareholders, contingent upon continued service.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates