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, Inc., reports disposing of 4,149 shares to cover tax obligations upon vesting of restricted shares.

Summary

• Stephen Lawrence Cootey, the EVP & Chief Financial Officer of Red Rock Resorts, Inc., filed a Form 4 indicating changes in beneficial ownership.
• On March 18, 2025, Cootey disposed of 4,149 shares of Class A Common Stock at a price of $45.11 per share.
• This disposal was to cover applicable taxes upon the vesting of restricted shares previously granted.
• Following the transaction, Cootey beneficially owns 260,268 shares of Class A Common Stock directly.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing a common transaction (share disposal for tax obligations). It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This specific filing relates to the disposal of shares to cover tax obligations, which is a common practice.

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

Form 4, Red Rock Resorts, Stephen Cootey, Beneficial Ownership, Share Disposal, Tax Obligations, RRR, Class A Common Stock