Form 4: Boyd Gaming Corp Director Marianne Boyd Johnson Reports Sale of Shares

Marianne Boyd Johnson, Executive Chairman and Director of Boyd Gaming Corp, reported the sale of 33,494 shares of common stock at a price of $60 per share on August 30, 2024.

Summary

• On August 30, 2024, Marianne Boyd Johnson, Executive Chairman and Director of Boyd Gaming Corp, sold 33,494 shares of Boyd Gaming Corp common stock.
• The sale was executed at a price of $60 per share.
• Following the transaction, Johnson directly owns 73,130 shares.
• Johnson also indirectly owns shares through various trusts, limited liability companies, and a limited partnership.
• These indirect holdings include 1,396,628 shares held by the Marianne Boyd Johnson Gaming Properties Trust, 4,800,000 shares held by WSB-BYD, LLC, and other holdings through additional entities.
• Johnson disclaims beneficial ownership of the indirectly held securities except to the extent of her pecuniary interest in the trusts or entities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but rather reports a factual transaction.

Management Comments

• The reporting person expressly disclaims beneficial ownership of any securities of the Issuer except for those securities that are owned directly by the Reporting Person or to the extent of the Reporting Person's pecuniary interest in a trust or other entity which owns such securities.

Industry Context

Insider sales are a common occurrence and are closely watched by investors for signals about a company's prospects; however, without additional context, it's difficult to determine the motivation behind this sale.

Stakeholder Impact

• The sale of shares by a key insider could potentially create uncertainty among shareholders, depending on their interpretation of the transaction.

Key Dates