Form 4: Wynn Resorts EVP Krum Reports Routine Stock Vesting
Insider Transaction Report
Wynn Resorts' EVP and General Counsel, Jacqui Krum, reported a routine disposition of 532 shares to cover tax obligations related to restricted stock vesting.
Summary
- Jacqui Krum, EVP and General Counsel of Wynn Resorts Ltd (WYNN), reported a transaction on February 28, 2026.
- 532 shares of common stock were disposed of at a price of $108.19 per share.
- This disposition was made to satisfy tax withholding obligations upon the vesting of restricted stock previously granted on January 7, 2025.
- Following this transaction, Ms. Krum beneficially owns 51,301 shares of common stock directly.
- Ms. Krum also holds 3,378 Performance Share Units (PSUs) that are scheduled to vest on January 1, 2028.
- An additional 1,915 Performance Share Units (PSUs) are held, with a vesting date of January 1, 2029.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction related to executive compensation rather than a reflection of operational performance or strategic direction.
Positives
- The transaction indicates the vesting of previously granted restricted stock, suggesting the achievement of performance or time-based conditions for executive compensation.
Negatives
- No direct negatives for the company; the disposition is a routine tax-related event for the executive.
Future Outlook
The filing does not contain specific forward-looking statements or guidance regarding the company's future performance, beyond the vesting schedules for outstanding Performance Share Units.
Management Comments
- No direct quotes or paraphrased statements from company management are included in this Form 4 filing.
Industry Context
StockSavvy.ai notes that routine insider transactions, such as tax-related dispositions upon restricted stock vesting, are common across all industries, including the highly regulated casino and resort sector. These transactions typically reflect standard executive compensation practices rather than strategic shifts or operational performance.
Comparison to Industry Standards
- This transaction is a standard practice for executive compensation and tax management upon equity vesting, aligning with common practices observed in large publicly traded companies across various sectors, including hospitality and gaming. There are no specific comparable companies or projects mentioned in the filing to provide a detailed comparison.
Stakeholder Impact
- Shareholders: Minimal direct impact as it is a routine, small-scale executive compensation-related transaction.
- Employees: No direct impact.
- Customers: No direct impact.
- Suppliers: No direct impact.
- Creditors: No direct impact.
Next Steps
- Vesting of 3,378 Performance Share Units on January 1, 2028.
- Vesting of 1,915 Performance Share Units on January 1, 2029.
Key Dates
| Date | Description |
|---|---|
| 01/07/2025 | Date restricted stock was previously granted to Jacqui Krum. |
| 02/28/2026 | Date of the reported transaction where shares were withheld for tax obligations. |
| 03/02/2026 | Date the Form 4 was signed by Nicholas Pannucci, attorney-in-fact for Jacqui Krum. |
| 01/01/2028 | Vesting date for 3,378 Performance Share Units held by Jacqui Krum. |
| 01/01/2029 | Vesting date for 1,915 Performance Share Units held by Jacqui Krum. |
Keywords
Wynn Resorts, WYNN, Jacqui Krum, Form 4, Insider Transaction, Stock Vesting, Restricted Stock, Performance Share Units, Executive Compensation, Tax Withholding
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