Boyd Gaming (NYSE: BYD) officer details initial stock and RSU holdings

Rhea-AI Filing Summary

BOYD GAMING CORP officer Steven Edward Schutte filed an initial ownership report detailing his equity positions in the company. He reported direct ownership of 15,351 Career Restricted Stock Units and 31,231 shares of common stock as of the filing date.

Footnotes explain that certain Restricted Stock Units, including 24,169 RSUs issued under Boyd Gaming’s 2020 Stock Incentive Plan, each represent a contingent right to receive one share of common stock upon vesting. Career Restricted Stock Units are designed to be paid out in common shares at retirement, with the payout level tied to the grantee’s age and years of continuous service.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Schutte Steven Edward

(Last) (First) (Middle)

6465 S. RAINBOW BLVD.

(Street)

LAS VEGAS NV 89118

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/19/2026

3. Issuer Name and Ticker or Trading Symbol
BOYD GAMING CORP [ BYD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	31,231(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Career Restricted Stock Units	(2)	(2)	Common Stock	15,351	(2)	D

Explanation of Responses:

1. Includes 24,169 Restricted Stock Units issued to the Reporting Person pursuant to the Issuer's 2020 Stock Incentive Plan. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer common stock upon vesting. The Restricted Stock Units are subject to the forfeiture and other terms and conditions contained in the award agreement and the 2020 Stock Incentive Plan.

2. The Career Restricted Stock Units generally will be paid out in shares of Issuer common stock at the time of retirement at a level determined by the grantee's attained age and years of continuous service at retirement. The Career Restricted Stock Units were granted to the Reporting Person for no consideration pursuant to the Issuer's Career Shares Program under its 2020 Stock Incentive Plan. Each Career Restricted Stock Unit represents a contingent right to receive one share of Issuer common stock.

Remarks:

Exhibit 24 - Power of Attorney. Executive Vice President of Operations

	/s/ Uri Clinton, attorney-in-fact for Steven E. Schutte	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What does the Boyd Gaming (BYD) Form 3 filing by Steven Schutte show?

The Form 3 shows that officer Steven Edward Schutte directly holds 31,231 shares of Boyd Gaming common stock and 15,351 Career Restricted Stock Units. It establishes his initial reportable ownership position under U.S. insider reporting rules for company insiders.

How many Boyd Gaming (BYD) Career Restricted Stock Units does Steven Schutte report?

Steven Edward Schutte reports holding 15,351 Career Restricted Stock Units. These units are designed to be paid out in Boyd Gaming common stock at retirement, with the ultimate number of shares tied to his attained age and years of continuous service at retirement.

How many Boyd Gaming (BYD) common shares does Steven Schutte directly own?

The filing states that Steven Edward Schutte directly owns 31,231 shares of Boyd Gaming common stock. This reflects his reportable direct ownership and does not, by itself, indicate any recent purchase or sale activity in the company’s stock.

What are Boyd Gaming (BYD) Restricted Stock Units mentioned in the Form 3?

The footnotes describe 24,169 Restricted Stock Units issued under Boyd Gaming’s 2020 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock upon vesting, subject to forfeiture and other conditions in the plan and award agreement.

How do Boyd Gaming (BYD) Career Restricted Stock Units work for Steven Schutte?

Career Restricted Stock Units for Steven Schutte will generally pay out in Boyd Gaming common stock at retirement. The payout level is determined by his attained age and years of continuous service at retirement, aligning long-term equity incentives with his career tenure at the company.