Form 4: Bally's Corp Executive Craig Eaton Reports Stock Transactions
SEC Form 4 Filing
Senior VP & Secretary of Bally's Corporation, Craig L Eaton, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Craig L Eaton, Senior VP & Secretary of Bally's Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, 8,267 restricted stock units vested, converting into common stock.
- The company withheld 4,026 shares to cover tax obligations at a price of $18 per share.
- Eaton now directly owns 155,744 shares of common stock.
- He also holds 2,381 restricted stock units from a March 10, 2023 grant and 11,771 restricted stock units from a March 1, 2024 grant.
- These restricted stock units vest in installments.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are a standard practice among publicly listed companies to align management interests with shareholder value.
- The vesting schedules and tax withholding practices described are typical for such equity grants.
- Comparable companies in the gaming and entertainment industry, such as MGM Resorts International and Caesars Entertainment, also utilize similar equity-based compensation strategies.
Stakeholder Impact
- The vesting of restricted stock units has a minor dilutive effect on existing shareholders.
- The executive's increased stock ownership aligns his interests further with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 2023-03-10 | Reporting person was granted 7,143 restricted stock units which will vest in three equal installments on March 1, 2024, 2025 and 2026. |
| 2024-03-01 | Reporting person was granted 17,657 restricted stock units which will vest in three equal installments on March 1, 2025, 2026 and 2027. |
| 2025-03-01 | 8,267 shares of Bally's Corporation restricted stock units vested; Company retained 4,026 shares to satisfy tax obligations. |
| 2025-03-04 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.