Form 4: Bally's Corp Executive Receives Shares from Performance Units, Sells Shares for Tax Obligations

Lee Kim Barker, EVP and Chief Legal Officer of Bally's Corporation, received 5,525 shares of common stock from vested performance units and subsequently sold 1,677 shares to cover tax obligations.

Summary

• On March 15, 2024, Lee Kim Barker, EVP and Chief Legal Officer of Bally's Corporation, received 5,525 shares of Bally's common stock due to the vesting of performance units.
• These performance units were based on the company's performance against certain financial and strategic goals for the year ended December 31, 2023.
• The reporting person was granted 8,185 performance units eligible to vest at target levels of performance.
• To cover tax withholding obligations related to the vesting, 1,677 shares of the newly acquired stock were retained by the company at a price of $13.32 per share.
• Following these transactions, Barker directly owns 12,039 shares of Bally's common stock.

Sentiment

Score: 6

Explanation: The document reflects a standard executive compensation transaction. The vesting of performance units suggests the company met some performance goals, but the document itself is neutral.

Positives

• The vesting of performance units indicates that Bally's Corporation achieved certain financial and strategic goals for the year ended December 31, 2023.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of shares related to executive compensation.

Key Dates