Form 4: VICI Properties Director James R. Abrahamson Receives Stock Grant

James R. Abrahamson, a director at VICI Properties, acquired 567 shares of common stock on October 1, 2024, as part of his annual retainer as chairman of the board.

Summary

• On October 1, 2024, James R. Abrahamson, a director of VICI Properties Inc., acquired 567 shares of common stock.
• The acquisition was part of his annual retainer as chairman of the Board of Directors, granted under the VICI Properties Inc. 2017 Stock Incentive Plan.
• Following the transaction, Abrahamson directly owns 155,313 shares of VICI Properties common stock.
• He also indirectly owns 4,500 shares held by a 401(k) plan and 2,900 shares held by his spouse.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant to a director), which is generally viewed neutrally to positively as it aligns management interests with shareholders. There are no indications of negative performance or concerns.

Positives

• The stock grant to a director aligns his interests with those of the shareholders.
• The director's continued stock ownership demonstrates confidence in the company's future.

Industry Context

This type of stock grant is a common practice for compensating board members in publicly traded companies, particularly for their role as chairman.

Comparison to Industry Standards

• Stock grants for board members are a standard practice in the REIT (Real Estate Investment Trust) industry, similar to companies like Realty Income (O) and Simon Property Group (SPG).
• The size of the grant is likely determined by factors such as company size, board responsibilities, and industry benchmarks for director compensation.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The transaction has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates