Form 4: Wynn Resorts CEO Tax Withholding on Stock Vesting
Insider Transaction Report
Wynn Resorts CEO Craig Scott Billings reported the withholding of shares to cover tax obligations upon the vesting of restricted stock awards.
Summary
- Craig Scott Billings, CEO and Director of Wynn Resorts, Limited (WYNN), reported transactions on February 28, 2026.
- A total of 10,595 shares of Common Stock, par value $0.01 per share, were disposed of through 'F' transactions (tax withholding).
- The shares were withheld at a price of $108.19 per share to satisfy tax obligations upon the vesting of restricted stock previously granted on January 12, 2023 (3,293 shares), January 9, 2024 (3,388 shares), and January 7, 2025 (3,914 shares).
- Following these transactions, Mr. Billings directly beneficially owns 262,335 shares of Common Stock.
- Additionally, Mr. Billings indirectly beneficially owns 156,189 shares through a Family Trust.
- He also holds Performance Share Units (PSUs) convertible into Common Stock: 21,521 PSUs vesting on January 1, 2027; 24,864 PSUs vesting on January 1, 2028; and 14,093 PSUs vesting on January 1, 2029.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary transaction related to executive compensation and does not indicate any change in company fundamentals or strategic direction.
Future Outlook
The filing primarily reports past transactions related to executive compensation and does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
StockSavvy.ai notes that Form 4 filings detailing tax withholdings upon restricted stock vesting are routine occurrences for executives of publicly traded companies. These transactions are typically non-discretionary and are a standard part of executive compensation plans, reflecting the realization of previously granted equity awards rather than a discretionary sale or purchase of shares.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction related to executive compensation and does not reflect a change in management's confidence or company performance.
Next Steps
- Vesting of 21,521 Performance Share Units on January 1, 2027.
- Vesting of 24,864 Performance Share Units on January 1, 2028.
- Vesting of 14,093 Performance Share Units on January 1, 2029.
Key Dates
| Date | Description |
|---|---|
| 01/12/2023 | Date of restricted stock grant, for which 3,293 shares were withheld for tax. |
| 01/09/2024 | Date of restricted stock grant, for which 3,388 shares were withheld for tax. |
| 01/07/2025 | Date of restricted stock grant, for which 3,914 shares were withheld for tax. |
| 02/28/2026 | Date of reported transactions where shares were withheld for tax obligations. |
| 03/02/2026 | Date the Form 4 was signed by attorney-in-fact. |
| 01/01/2027 | Vesting date for 21,521 Performance Share Units. |
| 01/01/2028 | Vesting date for 24,864 Performance Share Units. |
| 01/01/2029 | Vesting date for 14,093 Performance Share Units. |
Recommendation
holdThis Form 4 filing details a routine tax withholding event for the CEO's vested restricted stock. It is a non-discretionary transaction and does not provide new information that would alter the fundamental investment thesis for Wynn Resorts. Therefore, a 'hold' recommendation is appropriate as this event is neutral to the company's outlook.
Keywords
Wynn Resorts, WYNN, Craig Scott Billings, Insider Transaction, Form 4, Stock Vesting, Tax Withholding, Restricted Stock, Performance Share Units
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