Form 4: Golden Entertainment CFO Charles Protell Reports Stock Transactions
SEC Form 4 Filing
Charles Protell, President and CFO of Golden Entertainment, Inc., reports the acquisition and disposal of common stock and restricted stock units on March 14, 2025.
Summary
- On March 14, 2025, Charles Protell, the President and CFO of Golden Entertainment, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- Protell acquired common stock through the vesting of restricted stock units, totaling 44,240 shares.
- He also disposed of 17,430 shares to cover tax withholding obligations related to the vesting of restricted stock units at a price of $26.17 per share.
- Following these transactions, Protell directly owns 550,779 shares of Golden Entertainment, Inc. common stock.
- He also holds 23,560 unvested time-based restricted stock units, in addition to 41,747 time-based RSUs that vest in three equal installments on March 14, 2026, 2027, and 2028.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment of the executive's interests with the company's performance.
Negatives
- The disposal of shares to cover tax obligations, while standard, slightly reduces the executive's holdings.
Future Outlook
The remaining time-based RSUs will vest in equal installments on March 14, 2026, March 14, 2027, and March 14, 2028.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of earliest transaction and filing date. |
| 03/14/2026 | One-third of the time-based RSUs vest. |
| 03/14/2027 | One-third of the time-based RSUs vest. |
| 03/14/2028 | One-third of the time-based RSUs vest. |
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