Boyd Gaming (NYSE: BYD) insider lists 28,200 shares including RSUs

Rhea-AI Filing Summary

Boyd Gaming Corp executive Howard William Shaw III filed an initial ownership report for the company’s common stock. The filing shows direct beneficial ownership of 28,200 shares of common stock.

This total includes 17,047 Restricted Stock Units granted under Boyd Gaming’s 2020 Stock Incentive Plan. Each Restricted Stock Unit represents a contingent right to receive one share of common stock upon vesting and remains subject to forfeiture and other plan and award agreement conditions.

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^*

Shaw Howard William III

(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	28,200(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

Explanation of Responses:

1. Includes 17,047 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.

Remarks:

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

	/s/ Uri Clinton, attorney-in-fact for Howard W. Shaw III	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Boyd Gaming (BYD) insider Howard William Shaw III report in this Form 3?

The filing reports Howard William Shaw III’s direct beneficial ownership of 28,200 shares of Boyd Gaming common stock. This amount includes both currently held shares and Restricted Stock Units granted under the company’s 2020 Stock Incentive Plan, all recorded as of the reported date.

How many Boyd Gaming (BYD) shares and units does the insider hold?

Howard William Shaw III is reported as directly owning 28,200 Boyd Gaming common shares. This total includes 17,047 Restricted Stock Units, each representing a contingent right to receive one Boyd Gaming common share if the vesting conditions set in the plan and award agreement are met.

What are the 17,047 Restricted Stock Units reported for Boyd Gaming (BYD)?

The 17,047 Restricted Stock Units are equity awards issued under Boyd Gaming’s 2020 Stock Incentive Plan. Each unit represents a contingent right to receive one share of Boyd Gaming common stock upon vesting, and is subject to forfeiture and other terms in the plan and the related award agreement.

Under which plan were the Restricted Stock Units for Boyd Gaming (BYD) granted?

The 17,047 Restricted Stock Units held by Howard William Shaw III were granted under Boyd Gaming’s 2020 Stock Incentive Plan. The units are governed by that plan and an award agreement, which set vesting requirements, forfeiture provisions, and other applicable terms and conditions.

Does the Boyd Gaming (BYD) insider ownership include contingent equity awards?

Yes. The reported 28,200 common shares held by Howard William Shaw III include 17,047 Restricted Stock Units. These units are contingent equity awards that convert into Boyd Gaming common shares only upon vesting and remain subject to forfeiture and other stated conditions.