Form 4: Red Rock Resorts EVP Stephen Cootey Reports Acquisition of Stock and Option Awards

Stephen Lawrence Cootey, EVP & Chief Financial Officer of Red Rock Resorts, reports the acquisition of restricted stock and stock options.

Summary

• Stephen Lawrence Cootey, the EVP & Chief Financial Officer of Red Rock Resorts, filed a Form 4 with the SEC.
• The filing reports the acquisition of 23,033 shares of Class A Common Stock as a restricted stock award and 46,765 stock options on February 13, 2025.
• The restricted stock award was granted pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan.
• The stock option award was also granted pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan, with an exercise price of $52.1 and an expiration date of February 13, 2032.
• Following the reported transactions, Cootey beneficially owns 266,841 shares of Class A Common Stock and 46,765 stock options.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing executive compensation. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Positives

• The grant of restricted stock and stock options to a key executive like the CFO can be seen as a positive sign, aligning their interests with those of the shareholders.
• The equity incentive plan is designed to motivate executives and reward them for the company's success.

Industry Context

This type of filing is standard practice for publicly traded companies and their executives, providing transparency into executive compensation and ownership.

Stakeholder Impact

• Shareholders may view the equity awards as aligning management's interests with the company's performance.
• Employees may see this as a standard part of executive compensation.

Key Dates

Keywords

Form 4, Red Rock Resorts, Stephen Cootey, Stock Options, Restricted Stock, Equity Incentive Plan, Beneficial Ownership