Form 4: Marianne Boyd Johnson Transfers Boyd Gaming Shares to New Trust

Marianne Boyd Johnson, Executive Chairman of Boyd Gaming Corp, transferred shares to a new trust while maintaining indirect ownership through various entities.

Summary

• Marianne Boyd Johnson, Executive Chairman of Boyd Gaming Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• The filing indicates a transfer of 33,494 shares of common stock from the Josef William Boyd Education Trust to the Josef W. Boyd Separate Property Trust on April 1, 2024.
• Following the transaction, Johnson directly owns no shares, but maintains indirect ownership through several trusts, limited partnerships, and limited liability companies.
• These entities include the Marianne Boyd Johnson Gaming Properties Trust (1,496,628 shares), WSB-BYD, LLC (4,800,000 shares), and others.
• Johnson disclaims beneficial ownership of the indirectly held securities except to the extent of her pecuniary interest in the owning entities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a stock transfer. It doesn't inherently convey positive or negative sentiment.

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

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions involving the company's stock. This filing indicates internal restructuring of Johnson's holdings rather than a significant market event.

Stakeholder Impact

• The transaction itself is unlikely to have a direct impact on stakeholders, as it represents an internal transfer of shares.

Key Dates