Form 4: Red Rock Resorts EVP Stephen Cootey Reports Share Disposal for Tax Obligations

Stephen Lawrence Cootey, EVP & Chief Financial Officer of Red Rock Resorts, disposed of 2,424 shares to cover tax obligations upon vesting of restricted shares.

Summary

• On February 18, 2025, Stephen Lawrence Cootey, the EVP & Chief Financial Officer of Red Rock Resorts, Inc., disposed of 2,424 shares of Class A Common Stock.
• The transaction was executed to cover applicable taxes upon the vesting of restricted shares previously granted.
• The price per share was $52.76.
• Following the transaction, Cootey directly owns 264,417 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a routine transaction related to tax obligations. There is no indication of positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes upon the vesting of restricted stock units.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.

Key Dates

Keywords

Red Rock Resorts, RRR, Stephen Cootey, Form 4, Beneficial Ownership, Executive Compensation, Tax Withholding, Class A Common Stock