Form 4: Red Rock Resorts EVP Jeffrey T. Welch Reports Share Withholding for Tax Obligations
SEC Form 4
Jeffrey T. Welch, EVP and Chief Legal Officer of Red Rock Resorts, Inc., reports the withholding of 4,690 shares to cover taxes upon vesting of restricted shares.
Summary
- On March 18, 2025, Jeffrey T. Welch, EVP and Chief Legal Officer of Red Rock Resorts, Inc., had 4,690 shares of Class A Common Stock withheld by the company to cover applicable taxes.
- This withholding occurred upon the vesting of restricted shares previously granted to Welch.
- Following the transaction, Welch beneficially owns 258,114 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices and tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of share withholding for tax obligations. |
| 03/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Red Rock Resorts, RRR, Jeffrey T. Welch, Form 4, Beneficial Ownership, Share Withholding, Tax Obligations, Class A Common Stock, Vesting
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