Form 4: Golden Entertainment Director Exercises Options and Sells Shares
SEC Form 4 Filing
A Golden Entertainment director, Terrence Wright, exercised stock options and sold a portion of the acquired shares on December 20, 2024.
Summary
- Terrence Wright, a director at Golden Entertainment, Inc., exercised stock options to acquire 20,000 shares of common stock at a price of $5.34 per share on December 20, 2024.
- Following the option exercise, Mr. Wright sold 16,586 shares of common stock at a weighted average price of $31.26 per share.
- The sales were executed in multiple transactions with prices ranging from $31.03 to $31.52.
- Mr. Wright also disposed of 3,414 shares to cover tax obligations at a price of $31.26 per share.
- After these transactions, Mr. Wright beneficially owns 61,616 shares of Golden Entertainment common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity, with no inherent positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading activities.
- The transactions are typical for directors who receive stock options as part of their compensation and may sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the sale of shares by a director, but this is a common occurrence.
- The filing provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 08/27/2015 | Date of grant for the stock options that vested in three equal annual installments. |
| 12/20/2024 | Date of the stock option exercise and share sales. |
| 08/26/2025 | Expiration date of the stock options. |
Keywords
Golden Entertainment, Director, Stock Options, Share Sale, Form 4, Insider Trading, Equity Securities
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