Boyd Gaming (BYD) awards CEO Keith Smith 3,220 Career Restricted Stock Units

Rhea-AI Filing Summary

Boyd Gaming Corp granted its President and CEO, Keith Smith, 3,220 Career Restricted Stock Units on January 5, 2026. These derivative awards were given for no cash consideration under the company’s 2020 Stock Incentive Plan as part of its Career Shares Program.

Each Career Restricted Stock Unit represents a contingent right to receive one share of Boyd Gaming common stock. The units are generally scheduled to be paid out in shares at the time of the executive’s retirement, with the final payout level determined by the grantee’s attained age and years of continuous service at retirement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SMITH KEITH

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Career Restricted Stock Units	3,220	$0.00	--

Holdings After Transaction: Career Restricted Stock Units — 3,220 shares (Direct)

Footnotes (1)

1. 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. The Career Restricted Stock Units generally will be paid out in shares of lssuer common stock at the time of retirement at a level determined by the grantee's attained age and years of continuous service at retirement

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMITH KEITH

(Last) (First) (Middle)

6465 S. RAINBOW BLVD.

(Street)

LAS VEGAS NV 89118

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Career Restricted Stock Units	(1)	01/05/2026		A		3,220		(2)	(2)	Common Stock	3,220	$0	3,220	D

Explanation of Responses:

1. 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.

2. The Career Restricted Stock Units generally will be paid out in shares of lssuer common stock at the time of retirement at a level determined by the grantee's attained age and years of continuous service at retirement

Remarks:

.

	/s/ Uri Clinton, attorney-in-fact for Keith Smith	01/07/2026
	** 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 4 (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 insider transaction did Boyd Gaming Corp (BYD) report for Keith Smith?

Boyd Gaming Corp reported that President and CEO Keith Smith received 3,220 Career Restricted Stock Units on January 5, 2026 under the company’s 2020 Stock Incentive Plan.

What are Career Restricted Stock Units in the Boyd Gaming (BYD) filing?

The Career Restricted Stock Units each represent a contingent right to receive one share of Boyd Gaming common stock, granted under the 2020 Stock Incentive Plan’s Career Shares Program.

Did Keith Smith pay anything for the 3,220 Career Restricted Stock Units from Boyd Gaming (BYD)?

No. The filing states the 3,220 Career Restricted Stock Units were granted for no consideration under Boyd Gaming’s 2020 Stock Incentive Plan.

When will Keith Smith’s Boyd Gaming (BYD) Career Restricted Stock Units be paid out?

The Career Restricted Stock Units generally will be paid out in shares of Boyd Gaming common stock at the time of retirement, based on the grantee’s age and years of continuous service at retirement.

How many Career Restricted Stock Units does Keith Smith hold after this Boyd Gaming (BYD) transaction?

After the reported transaction, Keith Smith beneficially owns 3,220 Career Restricted Stock Units, held with direct ownership according to the filing.

What role does Keith Smith hold at Boyd Gaming Corp (BYD) in this insider report?

Keith Smith is reported as both a Director and an Officer, serving as President and CEO of Boyd Gaming Corp.