Form 4: Boyd Gaming CEO Keith Smith Sells 100,000 Shares of Common Stock
SEC Form 4 Filing
Keith Smith, President and CEO of Boyd Gaming Corp, sold 100,000 shares of common stock over two days in late February.
Summary
- Keith Smith, the President and CEO of Boyd Gaming Corp, reported the sale of 100,000 shares of common stock.
- On February 28, 2024, he sold 75,000 shares at a weighted average price of $63.92.
- On February 29, 2024, he sold an additional 25,000 shares at a weighted average price of $64.78.
- Following these transactions, Smith directly owns 1,094,625 shares of Boyd Gaming Corp common stock and indirectly owns 325 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting the sale of shares by an insider. It doesn't inherently convey positive or negative sentiment, but the market's reaction to insider sales can vary.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects. However, they don't always indicate a negative outlook, as executives may sell shares for various personal financial reasons.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sale, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Sale of 75,000 shares of common stock at a weighted average price of $63.92. |
| 02/29/2024 | Sale of 25,000 shares of common stock at a weighted average price of $64.78. |
| 02/29/2024 | Date of signature by Uri Clinton, Attorney-in-Fact for Keith Smith. |
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