Form 4: Wynn Resorts CEO Craig Billings Gifts 60,000 Shares to Family Trust
SEC Form 4 Filing
Craig Billings, CEO of Wynn Resorts, gifted 60,000 shares of common stock to a family trust on September 11, 2024.
Summary
- On September 11, 2024, Craig Billings, the CEO of Wynn Resorts, gifted 60,000 shares of Wynn Resorts common stock to a family trust.
- The shares were gifted in two transactions, one disposing of 60,000 shares directly owned by Billings and the other acquiring 60,000 shares indirectly through the family trust.
- Following the transaction, Billings directly owns 239,835 shares and indirectly owns 60,000 shares through the family trust.
- Billings disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (gift of shares to a family trust) and doesn't inherently indicate positive or negative sentiment from an investment perspective.
Industry Context
Transactions of this nature are common among corporate executives for estate planning and wealth management purposes.
Related Party Transactions
- The gift of shares to a family trust is a related party transaction.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of the stock gift transaction |
| 09/13/2024 | Date of signature on the Form 4 filing |
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