Form 4: Wynn Resorts Director Betsy S. Atkins Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Betsy S. Atkins, a director of Wynn Resorts, sold 2,446 shares of common stock at a price of $94.39 on May 28, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 28, 2024, Betsy S. Atkins, a director of Wynn Resorts, sold 2,446 shares of the company's common stock.
- The sale was executed at a price of $94.39 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on February 26, 2024.
- Following the transaction, Atkins directly owns 9,226 shares of Wynn Resorts.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares under a pre-arranged plan) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current inside information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| February 26, 2024 | Date of adoption of Rule 10b5-1 trading plan |
| May 28, 2024 | Date of transaction (sale of shares) |
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