Century Casinos (CNTY) grants 457 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Etess Mitchell G. reported acquisition or exercise transactions in this Form 4 filing.
Century Casinos director Mitchell G. Etess received a grant of 457 restricted stock units (RSUs). Each unit represents a contingent right to receive one share of CNTY common stock, giving him potential future ownership if vesting conditions are met.
The RSUs vest on May 12, 2027, with shares scheduled for delivery on May 13, 2027. Dividend equivalent rights will accrue on these RSUs when and as dividends are paid on the company’s common stock, aligning part of the award’s value with any future dividend payments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Etess Mitchell G.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 457 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 457 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of CNTY common stock. The restricted stock units vest on May 12, 2027. Vested shares will be delivered to the reporting person on May 13, 2027. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on Issuer's common stock.
Key Figures
RSUs granted: 457 units
Underlying common shares: 457 shares
Vesting date: May 12, 2027
+2 more
5 metrics
RSUs granted
457 units
Restricted stock units granted to Mitchell G. Etess
Underlying common shares
457 shares
Each RSU represents one CNTY common share
Vesting date
May 12, 2027
Date RSUs vest for Mitchell G. Etess
Share delivery date
May 13, 2027
Scheduled delivery of vested CNTY shares
Transaction price per unit
$0.0000 per unit
Grant of RSUs with no cash price
Key Terms
Restricted Stock Units, contingent right, dividend equivalent rights, Grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of CNTY common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of CNTY common stock."
dividend equivalent rights financial
"Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on Issuer's common stock."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Century Casinos (CNTY) director Mitchell G. Etess report in this Form 4?
He reported receiving 457 restricted stock units, each representing a contingent right to one share of CNTY common stock. This is a compensation-related equity award rather than an open-market stock purchase or sale.
How many restricted stock units did CNTY grant to director Mitchell G. Etess?
Century Casinos granted 457 restricted stock units to Mitchell G. Etess. These units convert into an equal number of common shares if vesting conditions are met and the shares are delivered on the scheduled delivery date.
When do Mitchell G. Etess’s CNTY restricted stock units vest and settle?
The restricted stock units vest on May 12, 2027. Vested shares are then scheduled to be delivered to Mitchell G. Etess on May 13, 2027, creating a defined future timeline for when the common stock may be received.
Do the CNTY restricted stock units for Mitchell G. Etess receive dividends?
Dividend equivalent rights accrue on these restricted stock units when and as dividends are paid on Century Casinos’ common stock. This means the award is designed to mirror dividend benefits associated with the underlying shares over time.
Is the Century Casinos (CNTY) Form 4 a stock purchase or sale by Mitchell G. Etess?
No, it is not an open-market purchase or sale. The filing reports a grant of 457 restricted stock units as a compensation-related acquisition, classified under transaction code A for grant, award, or other acquisition.