Form 4: Red Rock Resorts Executive Kord Nichols Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
EVP & Chief Operating Officer of Red Rock Resorts, Kord Nichols, disposed of 2,438 shares of Class A Common Stock to cover tax obligations upon vesting of restricted shares.
Summary
- On February 18, 2025, Kord Nichols, EVP & Chief Operating Officer of Red Rock Resorts, disposed of 2,438 shares of Class A Common Stock.
- The disposal was to cover applicable taxes upon the vesting of restricted shares previously granted.
- The price per share was $52.76.
- Following the transaction, Nichols beneficially owns 91,101 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Red Rock Resorts, Kord Nichols, Form 4, Share Disposal, Tax Obligations, Class A Common Stock, Executive Compensation, Insider Trading
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