Form 4: Wynn Resorts CEO Craig Billings Gifts Shares to Family Trust
SEC Form 4 Filing
Craig Billings, CEO of Wynn Resorts, gifted 96,189 shares of common stock to a family trust on April 15, 2025.
Summary
- On April 15, 2025, Craig Billings, the CEO of Wynn Resorts, gifted 96,189 shares of Wynn Resorts common stock to an irrevocable trust for the benefit of a family member.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Billings directly owns 204,009 shares and indirectly owns 156,189 shares through a family trust.
- Billings also holds performance share units that convert to common stock, including 20,916 units exercisable on January 1, 2026, 24,864 units exercisable on January 1, 2028 and 21,521 units exercisable on January 1, 2027.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to a stock gift, which doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock transactions are routinely monitored by investors as they can provide insights into management's confidence in the company's prospects, although gifts to family trusts are often for estate planning purposes.
Stakeholder Impact
- The transaction itself has minimal direct impact on stakeholders, as it is a transfer of ownership rather than a change in the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of the stock gift transaction. |
| 01/01/2026 | Date performance share units become exercisable. |
| 01/01/2027 | Date performance share units become exercisable. |
| 01/01/2028 | Date performance share units become exercisable. |
| 04/17/2025 | Date of signature on the Form 4 filing. |
Keywords
Wynn Resorts, Craig Billings, Form 4, SEC, Share Gift, Family Trust, Beneficial Ownership, Performance Share Units, WYNN
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