Form 4: Wynn Resorts Director Philip Satre Receives Equity Grant
Director Equity Grant
Director Philip G. Satre acquired 1,177 restricted shares and 4,266 stock options as part of an annual incentive plan.
Summary
- Director Philip G. Satre was granted 1,177 restricted shares of common stock on May 6, 2026.
- The director also received 4,266 stock options with an exercise price of $106.24.
- The restricted shares vest in full on May 6, 2027, subject to continued service.
- The stock options become exercisable on May 6, 2027, and expire on May 6, 2031.
- Following these transactions, the director holds 22,466 shares directly and 34,195 shares indirectly via a family trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Retention of key board leadership through multi-year vesting schedules.
Negatives
- Dilutive impact of new equity grants, though minor in scale relative to total shares outstanding.
Risks
- Forfeiture of restricted shares if service is terminated prior to the May 6, 2027, vesting date.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on director compensation.
Industry Context
StockSavvy.ai notes that equity grants to board members are standard practice in the gaming and hospitality sector to ensure long-term alignment with shareholder value, particularly as companies navigate post-pandemic recovery and expansion projects.
Comparison to Industry Standards
- The use of restricted stock and options is consistent with compensation structures at major gaming peers like Las Vegas Sands and MGM Resorts.
- Vesting periods of one year for directors are standard within the S&P 500 and gaming industry benchmarks.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation | Grant of equity under the Amended and Restated 2014 Omnibus Incentive Plan. | 05/06/2026 | Standard alignment of director compensation with company performance. |
Stakeholder Impact
- Shareholders: Minimal impact due to the small size of the grant relative to total outstanding shares.
Next Steps
- Vesting of restricted shares on May 6, 2027.
- Options become exercisable on May 6, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/06/2026 | Date of grant for restricted shares and stock options. |
| 05/06/2027 | Vesting date for restricted shares and initial exercisability of stock options. |
| 05/06/2031 | Expiration date for stock options. |
Keywords
Wynn Resorts, WYNN, Insider Trading, Form 4, Equity Compensation, Director Compensation
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