Form 4: Wynn Resorts EVP Ellen Whittemore Reports Stock Disposals to Cover Tax Obligations

Ellen Whittemore, EVP and General Counsel of Wynn Resorts, reported disposing of shares to cover tax withholding obligations upon the vesting of restricted stock.

Summary

• On February 28, 2024, Ellen F. Whittemore, EVP and General Counsel of Wynn Resorts, disposed of 2,015 shares of common stock at a price of $102.86 per share to satisfy tax withholding obligations.
• Following this transaction, Whittemore directly owns 85,412 shares of Wynn Resorts common stock.
• On February 29, 2024, Whittemore disposed of 654 shares of common stock at a price of $105.2 per share to satisfy tax withholding obligations.
• Following this transaction, Whittemore directly owns 84,758 shares of Wynn Resorts common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock disposals for tax purposes, indicating a neutral sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax obligations. These transactions are closely monitored by investors for insights into executive sentiment and potential future performance.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates