Form 4: Red Rock Resorts CFO Receives Equity Compensation

Red Rock Resorts CFO Stephen Lawrence Cootey was granted 38,511 restricted stock units and 78,150 stock options.

Summary

• Stephen Lawrence Cootey, EVP & Chief Financial Officer of Red Rock Resorts, Inc., received an equity incentive grant on June 11, 2026.
• The grant includes 38,511 shares of Class A Common Stock as a restricted stock award.
• The grant also includes 78,150 employee stock options with an exercise price of $62.32 per share.
• Both the restricted stock and the stock options vest in 25% increments annually over four years, contingent on continued service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which is neutral for the stock price.

Positives

• Equity grants align the interests of the CFO with long-term shareholder value creation.
• Vesting schedule over four years encourages executive retention.

Negatives

• The issuance of new equity awards results in potential dilution for existing shareholders.

Risks

• Future dilution of share value depending on the total number of shares authorized under the 2016 Equity Incentive Plan.
• Dependence on continued service of key executive personnel.

Future Outlook

The awards are subject to a four-year vesting schedule, implying the company expects the executive to remain in his role through at least June 2030.

Management Comments

• The grants were issued pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan.

Industry Context

StockSavvy.ai notes that equity-based compensation for C-suite executives is standard practice in the gaming and hospitality sector to ensure leadership alignment with long-term performance goals.

Comparison to Industry Standards

• The four-year vesting schedule is consistent with standard corporate governance practices for executive compensation in the U.S. gaming industry.
• The use of both restricted stock and stock options is a common dual-incentive structure used by competitors like MGM Resorts and Caesars Entertainment.

Stakeholder Impact

• Shareholders may experience minor dilution from the issuance of new equity.

Next Steps

• Vesting of 25% of the restricted stock and options on June 11, 2027.

Key Dates

Keywords

Red Rock Resorts, RRR, Form 4, Insider Trading, Executive Compensation, CFO, Equity Incentive Plan