Insider sale: Boyd Gaming (BYD) Executive Chairman reports 100k-share sale
Rhea-AI Filing Summary
Marianne Boyd Johnson, Executive Chairman, Director and 10% owner of Boyd Gaming Corp (BYD), reported a sale of 100,000 shares of BYD common stock on 08/13/2025 at a weighted average price of $84.17 per share. The filing lists multiple holdings controlled directly or indirectly by Ms. Johnson, including direct ownership of 39,088 shares and significant indirect holdings via trusts, LLCs and a limited partnership that together report multi-million share interests such as 4,800,000, 2,387,949, 4,004,000, and 1,100,000 shares. The form disclaims beneficial ownership beyond direct holdings and pecuniary interests in entities listed. The Form 4 was signed by an attorney-in-fact on 08/14/2025.
Positive
- Transparent disclosure of the date, quantity and weighted average price for the insider sale
- Detailed listing of indirect holdings and the legal entities through which shares are held
Negative
- None.
Insights
TL;DR: Insider sale of 100,000 BYD shares reported; substantial indirect holdings remain intact.
The report documents a single execution-day sale of 100,000 BYD shares at a weighted average of $84.17. The reporting person retains substantial indirect positions through multiple trusts, LLCs and a limited partnership, with several multi-million-share entries explicitly listed. The filing follows standard Section 16 disclosure mechanics and includes the required disclaimer of beneficial ownership except for direct holdings and pecuniary interests.
TL;DR: Routine Form 4 shows a sizable sale but continued control via related entities; no additional governance action disclosed.
The document shows Ms. Johnson executed market sales across multiple trades on 08/13/2025 and the weighted average sale price is disclosed. The filing enumerates the legal vehicles through which she holds BYD stock, including trusts and manager roles in LLCs, and includes the standard ownership disclaimer. There is no indication in the filing of changes to governance roles or new agreements impacting control.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100,000 | $84.17 | $8.42M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $84.43 to $83.84 The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected By Marianne Boyd Johnson as Trustee of the Marianne Boyd Johnson Gaming Properties Trust. By WSB-BYD, LLC, of which the reporting person is the Manager. By Marianne Boyd Johnson as Trustee of the Justin Boyd Education Trust Dated 11/1/99. By the Johnson Children's Trust Dated 6/24/96, Bruno Mark, Trustee. By BG-00 Limited Partnership, of which the Marianne Boyd Gaming Properties Trust, of which the reporting person is the trustee, settlor and beneficiary, is the general partner thereof. By BG-SUB, LLC of which Marianne Boyd Johnson is the managing member thereof. By BYD-SST LLC, of which Marianne Boyd Johnson is the managing member thereof. .
FAQ
What insider transaction did Marianne Boyd Johnson report on Form 4 for BYD?
Through which entities does Marianne Boyd Johnson hold indirect BYD stock?
Who signed the Form 4 filing on behalf of Marianne Boyd Johnson?
