Form 4: Red Rock Resorts Executive Kord Nichols Reports Share Disposal for Tax Obligations
SEC Form 4
EVP & Chief Operating Officer of Red Rock Resorts, Kord Nichols, disposed of 4,065 shares to cover tax obligations upon vesting of restricted shares.
Summary
- On March 18, 2025, Kord Nichols, EVP & Chief Operating Officer of Red Rock Resorts, disposed of 4,065 shares of Class A Common Stock.
- The shares were withheld by the company to cover applicable taxes upon the vesting of restricted shares previously granted.
- The transaction was executed at a price of $45.11 per share.
- Following the transaction, Nichols beneficially owns 87,036 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of share disposal transaction |
| 03/20/2025 | Date of signature for the report |
Keywords
Red Rock Resorts, Kord Nichols, share disposal, Form 4, tax obligations, restricted shares, RRR, EVP, Chief Operating Officer
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