Bally's (NYSE: BALY) director awarded 32,877 RSUs; affiliate holds 32.5M shares
Rhea-AI Filing Summary
Kim Soohyung reported acquisition or exercise transactions in this Form 4 filing.
Bally's Corp director Soohyung Kim reported an equity grant and updated holdings. He received 32,877 restricted stock units under Bally's 2021 Equity Incentive Plan, each representing one future share of common stock. One-third of these RSUs vest on March 1 of 2027, 2028 and 2029, if he continues serving the company.
After this filing, Kim directly holds 64,080 common shares and 32,877 RSUs. An entity he is associated with, Standard General L.P., as investment manager to private investment vehicles, beneficially owns 32,480,973 common shares, with beneficial ownership disclaimed except to the extent of pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kim Soohyung, Standard General L.P.
Role
Director, 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 32,877 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 32,877 shares (Direct);
Common Stock — 32,480,973 shares (Indirect, See Footnote);
Common Stock — 64,080 shares (Direct)
Footnotes (2)
- F1. These shares are beneficially owned by Standard General L.P. ("Standard General") in its capacity as investment manager to private investment vehicles. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Mr. Kim is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F2. Each of these restricted stock units (the "RSUs"), which are granted pursuant to the Issuer's 2021 Equity Incentive Plan, represents a contingent right to receive one share of the Issuer's Common Stock. One-third of the RSUs vest on March 1, 2027, one-third vest on March 1, 2028, and the remaining one-third vest on March 1, 2029, in each case subject to Mr. Kim's continued service with the Issuer.
Key Figures
RSU grant: 32,877 RSUs
RSU grant price: $0.00 per unit
Direct common shares: 64,080 shares
+4 more
7 metrics
RSU grant
32,877 RSUs
Grant of restricted stock units to Soohyung Kim on June 1, 2026
RSU grant price
$0.00 per unit
Price per restricted stock unit in the June 1, 2026 award
Direct common shares
64,080 shares
Common stock directly held by Soohyung Kim following transactions
Indirect common shares
32,480,973 shares
Bally's common shares beneficially owned by Standard General L.P.
RSU vesting 2027
One-third of 32,877 RSUs
Vest on March 1, 2027, subject to continued service
RSU vesting 2028
One-third of 32,877 RSUs
Vest on March 1, 2028, subject to continued service
RSU vesting 2029
One-third of 32,877 RSUs
Vest on March 1, 2029, subject to continued service
Key Terms
Restricted Stock Units, 2021 Equity Incentive Plan, beneficially owned, pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"Each of these restricted stock units (the "RSUs"), which are granted pursuant to the Issuer's 2021 Equity Incentive Plan, represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"which are granted pursuant to the Issuer's 2021 Equity Incentive Plan, represents a contingent right to receive one share"
beneficially owned financial
"These shares are beneficially owned by Standard General L.P. ("Standard General") in its capacity as investment manager"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
pecuniary interest financial
"disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares"
contingent right financial
"represents a contingent right to receive one share of the Issuer's Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Bally's (BALY) director Soohyung Kim report in this Form 4?
He reported receiving 32,877 restricted stock units as an equity award and updated his share holdings. The filing also notes large indirect holdings managed by Standard General L.P., with beneficial ownership disclaimed except for any pecuniary interest.
How many restricted stock units did Bally's (BALY) grant to Soohyung Kim?
Bally's granted Soohyung Kim 32,877 restricted stock units at a price of $0.00 per unit. Each RSU represents a contingent right to receive one share of Bally's common stock if vesting conditions tied to continued service are satisfied.
When do Soohyung Kim’s Bally's (BALY) RSUs vest?
The 32,877 RSUs vest in three equal installments: one-third on March 1, 2027, one-third on March 1, 2028, and the final one-third on March 1, 2029, in each case subject to his continued service with the company.
Under which plan were Soohyung Kim’s Bally's (BALY) RSUs granted?
The 32,877 restricted stock units were granted under Bally's 2021 Equity Incentive Plan. This plan provides equity-based awards to align key individuals’ compensation with shareholder interests through future delivery of common stock upon vesting.