Form 4: Wynn Resorts Executive Jacqui Krum Reports Stock Transactions
SEC Form 4 Filing
Wynn Resorts EVP and General Counsel, Jacqui Krum, reports the withholding of shares to cover tax obligations related to previously granted restricted stock.
Summary
- Jacqui Krum, an Executive Vice President and General Counsel at Wynn Resorts, reported transactions involving the company's common stock.
- The transactions involved the withholding of 470 shares on January 12, 2025, at a price of $81.15 per share to cover tax obligations related to restricted stock granted on January 12, 2022.
- Additionally, 409 shares were withheld on the same date at the same price to cover tax obligations related to restricted stock granted on January 12, 2023.
- Following these transactions, Ms. Krum beneficially owns 44,178 shares of Wynn Resorts common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. It is neither positive nor negative for the company's performance, but it is a normal part of operations.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations when restricted stock vests.
Comparison to Industry Standards
- The practice of withholding shares to cover tax obligations upon vesting of restricted stock is a standard practice across publicly traded companies.
- Many companies, such as Las Vegas Sands and MGM Resorts, also use restricted stock as part of executive compensation packages, and their executives would similarly report such transactions via SEC Form 4 filings.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/12/2022 | Date of original restricted stock grant related to the first tax withholding. |
| 01/12/2023 | Date of original restricted stock grant related to the second tax withholding. |
| 01/12/2025 | Date of the reported stock transactions (tax withholding). |
| 01/14/2025 | Date the SEC Form 4 was signed. |
Keywords
Wynn Resorts, stock transaction, insider trading, SEC Form 4, restricted stock, tax withholding, Jacqui Krum, executive compensation
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