Form 4: Wynn Resorts CEO Craig Billings Reports Stock Disposals to Cover Tax Obligations
SEC Filing Form 4
Craig Scott Billings, CEO of Wynn Resorts, reported disposing of shares to cover tax withholding obligations related to the vesting of restricted stock.
Summary
- Craig Scott Billings, the CEO of Wynn Resorts, filed a Form 4 with the SEC.
- The filing reports the disposal of Wynn Resorts common stock on February 28, 2024, and February 29, 2024, to satisfy tax withholding obligations upon the vesting of restricted stock.
- On February 28, 2024, 6,733 shares were disposed of at a price of $102.86 per share.
- On February 29, 2024, 1,336 shares were disposed of at a price of $105.2 per share.
- Following these transactions, Billings directly owns 299,835 shares of Wynn Resorts common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Disposal of 6,733 shares of common stock at $102.86 per share to cover tax obligations. |
| 02/29/2024 | Disposal of 1,336 shares of common stock at $105.2 per share to cover tax obligations. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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