Form 4: Red Rock Resorts President Scott Kreeger Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Scott Kreeger, President of Red Rock Resorts, reports the disposal of 8,920 shares to cover tax obligations upon vesting of restricted shares.
Summary
- On March 3, 2025, Scott Kreeger, President of Red Rock Resorts, disposed of 8,920 shares of Class A Common Stock.
- The shares were withheld by the company to cover applicable taxes upon the vesting of previously granted restricted shares.
- The transaction price was $49.7 per share.
- Following the transaction, Kreeger beneficially owns 172,463 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations related to vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 03/05/2025 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.