Century Casinos (CNTY) awards 4,000 restricted stock units to director Etess
Rhea-AI Filing Summary
Etess Mitchell G. reported acquisition or exercise transactions in this Form 4 filing.
Century Casinos Inc. director Mitchell G. Etess received a grant of 4,000 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of CNTY common stock. These RSUs vest on August 11, 2027, with vested shares scheduled to be delivered on August 12, 2027, and include dividend equivalent rights while unvested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Etess Mitchell G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2 | 4,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 4,000 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of CNTY common stock.
- F2. The restricted stock units vest on August 11, 2027. Vested shares will be delivered to the reporting person on August 12, 2027. Dividend equivalent rights to accrue with respect to these restricted stock units when and as dividends are paid on Issuer's common stock.
Key Figures
RSUs granted: 4,000 units
Underlying common shares: 4,000 shares
Vest date: August 11, 2027
+2 more
5 metrics
RSUs granted
4,000 units
Restricted Stock Units granted to director Mitchell G. Etess
Underlying common shares
4,000 shares
Each RSU represents one share of CNTY common stock
Vest date
August 11, 2027
RSUs vest on this date
Share delivery date
August 12, 2027
Vested shares delivered to reporting person on this date
Holdings after transaction
4,000 units
Total Restricted Stock Units held following this grant
Key Terms
Restricted Stock Unit, contingent right, dividend equivalent rights
3 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"represents a contingent right to receive one share of CNTY common stock"
dividend equivalent rights financial
"Dividend equivalent rights to accrue with respect to these restricted stock units"
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.
FAQ
What equity award did Mitchell G. Etess receive from CNTY?
Mitchell G. Etess received a grant of 4,000 Restricted Stock Units tied to Century Casinos Inc. common stock. Each RSU represents a contingent right to one CNTY share, subject to future vesting conditions and delivery dates.
When do Mitchell G. Etess’s 4,000 CNTY RSUs vest and settle?
The 4,000 CNTY RSUs vest on August 11, 2027. The underlying common shares are scheduled to be delivered to Mitchell G. Etess on August 12, 2027, one day after vesting, assuming vesting conditions are met.
Do the CNTY RSUs granted to Mitchell G. Etess earn dividends?
The RSUs include dividend equivalent rights. These rights accrue with respect to the RSUs when and as dividends are paid on Century Casinos Inc.’s common stock, enhancing the economic value of the award over time.
Is Mitchell G. Etess’s CNTY RSU grant a market purchase or sale?
No, the filing reports a grant or award acquisition of 4,000 RSUs, not a market trade. The Form 4 characterizes the transaction as a compensation-related award with no per-share purchase price paid by the director.
AI-generated analysis. How Rhea-AI works. Not financial advice.