Form 4: Monarch Casino & Resort Director Craig Sullivan Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Director Craig Sullivan of Monarch Casino & Resort Inc. reports exercising stock options and selling shares on June 30, 2024.
Summary
- On June 30, 2024, Craig Sullivan, a director of Monarch Casino & Resort Inc. (MCRI), executed transactions involving the company's stock.
- Sullivan exercised options to acquire 6,100 shares of common stock at a price of $68.13.
- Following the exercise of these options, Sullivan disposed of 12,200 shares of common stock.
- After these transactions, Sullivan continues to hold 48,800 options, each representing the right to buy 6,100 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider trading activity, which is common among corporate executives and directors. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/14/2017 | Date related to options expiring 06/14/2027 |
| 12/12/2018 | Date related to options expiring 06/12/2028 |
| 12/04/2019 | Date related to options expiring 06/04/2029 |
| 03/31/2021 | Date related to options expiring 09/30/2030 |
| 12/31/2021 | Date related to options expiring 06/30/2031 |
| 12/31/2022 | Date related to options expiring 06/30/2032 |
| 12/31/2023 | Date related to options expiring 06/30/2033 |
| 06/30/2024 | Date of transaction: Exercise of options and disposal of shares |
| 12/31/2024 | Date related to options expiring 06/30/2034 |
| 07/05/2024 | Date of signature on the Form 4 |
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