Form 4: Red Rock Resorts COO Reports Routine Tax Withholding

Red Rock Resorts' EVP & COO Kord Nichols reported a disposition of 4,065 shares for tax obligations related to restricted stock vesting.

Summary

• Kord Nichols, Executive Vice President & Chief Operating Officer of Red Rock Resorts, Inc. (RRR), reported a transaction on March 18, 2026.
• The transaction involved the disposition of 4,065 shares of Class A Common Stock.
• These shares were withheld by the company to cover applicable taxes upon the vesting of previously granted restricted shares.
• The price per share for the withheld securities was $58.81.
• Following this transaction, Kord Nichols beneficially owns 81,668 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a non-discretionary tax withholding, which is a common occurrence for executives receiving equity compensation and does not reflect a change in investment sentiment or company performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction related to executive compensation. The withholding of shares for tax purposes upon the vesting of restricted stock is a standard practice across industries and does not typically indicate a change in company fundamentals or executive sentiment.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a market sale.

Key Dates

Keywords

Red Rock Resorts, RRR, Kord Nichols, Form 4, Insider Transaction, Stock Withholding, Executive Compensation, Tax Obligation