Form 4: Bally's Corp Executive Lee Kim Barker Reports Stock Transactions

Lee Kim Barker, EVP and Chief Legal Officer of Bally's Corporation, reports the vesting of restricted stock units and subsequent share withholding for tax obligations.

Summary

• On March 1, 2024, Lee Kim Barker, EVP and Chief Legal Officer of Bally's Corporation, reported transactions involving Bally's common stock.
• 8,185 restricted stock units vested, each representing one share of Bally's common stock.
• The company withheld 2,894 shares to cover tax obligations related to the vesting at a price of $10.68 per share.
• Following these transactions, Barker directly owns 8,191 shares of common stock and 16,369 restricted stock units.
• The restricted stock units were granted on March 10, 2023, and vest in three equal installments on March 1, 2024, 2025, and 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of the executive's interests with the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the execution of a pre-existing compensation plan.

Key Dates