Form 4: Bally's Corp Director Tracy S. Harris Reports Stock Grant and Tax Withholding

Director Tracy S. Harris reports acquisition of restricted stock and shares withheld for tax obligations related to vesting stock awards.

Summary

• On May 16, 2024, Tracy S. Harris, a director of Bally's Corporation, reported the acquisition of 7,686 shares of common stock as a grant of restricted stock.
• These shares will vest on the earlier of the first anniversary of the grant date or the 2025 annual meeting of shareholders, contingent upon continued service.
• Also on May 16, 2024, 5,304 shares were withheld to satisfy tax obligations related to the vesting of 12,936 shares of Bally's Corporation stock awards originally granted on May 17, 2023.
• Following these transactions, Harris beneficially owns 15,518 shares of Bally's Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.

Positives

• The grant of restricted stock to a director could be seen as an incentive to align their interests with the long-term success of the company.

Future Outlook

The restricted stock will vest on the earlier of the first anniversary of the date of grant or the 2025 annual meeting of shareholders, subject to the reporting person's continued service through such date.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The stock grant could potentially align the director's interests with those of the shareholders.

Key Dates