Form 4: Boyd Gaming CEO Keith Smith Sells 40,000 Shares
SEC Form 4 Filing
Boyd Gaming CEO Keith Smith sold 40,000 shares of company stock at an average price of $73.49 on November 13, 2024.
Summary
- Keith Smith, the President and CEO of Boyd Gaming Corp, sold 40,000 shares of common stock on November 13, 2024.
- The sale was executed in multiple trades with prices ranging from $73.40 to $73.71, resulting in a weighted average sale price of $73.49 per share.
- Following the transaction, Mr. Smith directly owns 1,161,202 shares of Boyd Gaming stock.
- Additionally, Mr. Smith indirectly owns 325 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by an executive, with no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. It does not indicate any specific trend in the gaming industry.
Comparison to Industry Standards
- Executive stock sales are a common occurrence in publicly traded companies, including those in the gaming industry.
- It is typical for executives to sell shares for personal financial management reasons.
- The sale by Keith Smith is not unusual compared to similar transactions by executives in comparable companies such as Caesars Entertainment or MGM Resorts International.
Stakeholder Impact
- The stock sale may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 11/13/2024 | Date of the stock sale transaction by Keith Smith. |
| 11/14/2024 | Date of the signature on the SEC Form 4 filing. |
Keywords
Boyd Gaming, Keith Smith, stock sale, insider trading, executive transaction, BYD
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