Bally's Corp (BALY) director Jaymin Patel receives 18,726 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PATEL JAYMIN B reported acquisition or exercise transactions in this Form 4 filing.
Bally's Corp director Jaymin B. Patel received a grant of 18,726 shares of common stock as restricted stock. The award was granted at no cash cost per share and increased his directly held stake to 52,548 shares.
The restricted stock will vest on the earlier of the first anniversary of the grant date or the 2027 annual meeting of shareholders, subject to Patel’s continued service through the vesting date. This reflects routine equity-based director compensation rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PATEL JAYMIN B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,726 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 52,548 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 18,726 shares
Award price per share: $0.00 per share
Holdings after grant: 52,548 shares
3 metrics
Restricted stock grant
18,726 shares
Common Stock awarded to director on grant date
Award price per share
$0.00 per share
Compensation-related restricted stock, not a market purchase
Holdings after grant
52,548 shares
Total Bally's Corp common stock directly held by Patel post-grant
Key Terms
restricted stock, annual meeting of shareholders, vest
3 terms
restricted stock financial
"These shares reflect a grant of restricted stock that will vest on the earlier"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest financial
"restricted stock that will vest on the earlier of the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Bally's Corp (BALY) director Jaymin B. Patel report on this Form 4?
Director Jaymin B. Patel reported receiving a grant of 18,726 shares of Bally's Corp common stock as restricted stock. This is a compensation-related equity award rather than an open-market transaction, increasing his directly held stake to 52,548 shares after the grant.
Is Jaymin B. Patel’s Bally's Corp (BALY) Form 4 a market purchase or sale?
The Form 4 reflects an equity grant, not a market trade. Patel received 18,726 restricted shares as compensation at $0.00 per share, increasing his holdings to 52,548 shares, rather than buying or selling shares on the open market.