Form 4: Boyd Gaming CEO Keith Smith Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Boyd Gaming CEO Keith Smith sold 17,868 shares of common stock to cover tax obligations related to vesting equity.
Summary
- Keith Smith, the President and CEO of Boyd Gaming Corp, sold 17,868 shares of common stock on December 16, 2024.
- The sale was executed at a price of $73.76 per share.
- This transaction was to cover tax obligations related to vesting equity.
- Following the transaction, Mr. Smith directly owns 1,068,334 shares of Boyd Gaming common stock.
- Additionally, Mr. Smith indirectly owns 325 shares through his spouse.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.
Industry Context
This is a routine transaction for executives who receive equity compensation. It is common for executives to sell shares to cover tax obligations when equity vests.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
- Similar transactions are regularly reported by executives at companies like Caesars Entertainment and MGM Resorts International.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of the stock sale transaction. |
| 12/17/2024 | Date of signature on the SEC Form 4. |
Keywords
Boyd Gaming, Keith Smith, stock sale, insider trading, SEC Form 4, equity, tax obligations
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