Form 4: VICI Properties Inc. Executive Gabriel Wasserman Reports Stock Transactions
SEC Form 4 Filing
Chief Accounting Officer Gabriel Wasserman reports acquisition and disposal of VICI Properties Inc. stock related to restricted stock units and tax obligations.
Summary
- Gabriel Wasserman, Chief Accounting Officer of VICI Properties Inc., reported transactions involving the company's common stock on February 20, 2025.
- He acquired 5,034 shares of common stock at $0 related to performance-based restricted stock units awarded on February 16, 2022, which vested based on performance metrics achieved during the three-year period ending December 31, 2024.
- Wasserman also disposed of 1,811 shares at $30.48 to cover tax withholding obligations related to the vesting of these restricted stock units.
- Additionally, he acquired 4,499 shares of time-based restricted stock on February 20, 2025, and was granted performance-based restricted stock units under the company's 2017 Stock Incentive Plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transactions are standard for executive compensation and do not indicate any significant positive or negative outlook.
Positives
- The vesting of performance-based restricted stock units suggests the achievement of certain performance goals by the company.
Negatives
- The disposal of shares to cover tax obligations, while standard, slightly reduces Wasserman's direct holdings.
Future Outlook
The reporting person was granted an award of performance-based restricted stock units under the Issuer's 2017 Stock Incentive Plan, which units represent a contingent right to receive a number of shares of the Issuer's common stock based on the achievement of certain performance measures.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider sentiment and activity.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2022-02-16 | Date of original award of performance-based restricted stock units. |
| 2024-12-31 | End of the three-year performance period for the restricted stock units. |
| 2025-02-20 | Date of stock transactions and grant of new restricted stock awards. |
| 2025-02-21 | Date of signature on the Form 4 filing. |
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