Form 4: Boyd Gaming Executive Chairman Reports Trust Share Transfer
Insider Ownership Change
Marianne Boyd Johnson, Executive Chairman of Boyd Gaming, reported a distribution of 45,482 common shares between trusts.
Summary
- Marianne Boyd Johnson, Executive Chairman, Director, and 10% Owner of Boyd Gaming Corp (BYD), reported a change in beneficial ownership.
- On August 21, 2025, 45,482 shares of common stock were distributed from the Johnson Children's Trust Dated 6/24/96 to the Sean W. Johnson Separate Property Trust dated May 9, 2019. This transaction is a transfer between trusts and not a market sale or purchase.
- Following this transaction, Marianne Boyd Johnson directly owns 39,088 shares of Boyd Gaming Common Stock.
- She also indirectly beneficially owns a total of 13,267,274 shares through various trusts and limited liability companies, including 45,482 shares via the Sean W. Johnson Separate Property Trust, 1,804,379 shares via the Marianne Boyd Johnson Gaming Properties Trust, 1,487,858 shares via BG-00 Limited Partnership, 4,800,000 shares via WSB-BYD, LLC, 25,555 shares via the Justin Boyd Education Trust, 1,100,000 shares via BG-SUB, LLC, and 4,004,000 shares via BYD-SST LLC.
- Her total beneficial ownership after the reported transaction is 13,306,362 shares.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine disclosure of an insider's ownership change, specifically a transfer between trusts, which does not inherently signal positive or negative company performance or strategy.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- A distribution of 45,482 shares of common stock occurred between two trusts, the Johnson Children's Trust Dated 6/24/96 and the Sean W. Johnson Separate Property Trust dated May 9, 2019. Both trusts are indirectly beneficially owned by the reporting person, Marianne Boyd Johnson.
Stakeholder Impact
- Shareholders: Provides transparency into the ownership structure of a significant insider's holdings, specifically a transfer between related trusts. This type of internal transfer typically has minimal direct impact on the broader shareholder base.
Key Dates
| Date | Description |
|---|---|
| 06/24/1996 | Establishment date of Johnson Children's Trust |
| 11/01/1999 | Establishment date of Justin Boyd Education Trust |
| 05/09/2019 | Establishment date of Sean W. Johnson Separate Property Trust |
| 08/21/2025 | Date of common stock distribution transaction |
| 08/22/2025 | Signature date of the reporting person's attorney-in-fact |
Keywords
Boyd Gaming, BYD, Insider Transaction, Form 4, Marianne Boyd Johnson, Executive Chairman, Stock Ownership, Trust Distribution, SEC Filing
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