DraftKings (DKNG) director defers retainer into 10,588 deferred stock units
Rhea-AI Filing Summary
Wendt Gregory Westin reported acquisition or exercise transactions in this Form 4 filing.
DraftKings Inc. director Gregory Westin Wendt elected to defer compensation and was credited with 10,588 Deferred Stock Units (DSUs) on August 4, 2026, in lieu of an annual equity retainer under the DraftKings Director Stock Deferral Plan. Each DSU represents a contingent right to receive one share of Class A Common Stock, and Wendt now holds 10,588 DSUs directly.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wendt Gregory Westin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F1, F2 | 10,588 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 10,588 shares (Direct)
Footnotes (2)
- F1. The Reporting Person has elected to defer compensation in the form of deferred stock units ("DSUs") under the DraftKings Director Stock Deferral Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 10,588 DSUs, in lieu of an annual equity retainer, deferred by the reporting person under the Plan. The DSUs become payable upon the terms set forth in the Plan.
- F2. Each DSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Key Figures
Deferred Stock Units granted: 10,588 units
Underlying Class A shares: 10,588 shares
Grant price per DSU: $0.0000 per unit
+1 more
4 metrics
Deferred Stock Units granted
10,588 units
Annual equity retainer deferred on August 4, 2026
Underlying Class A shares
10,588 shares
Each DSU represents a contingent right to one share
Grant price per DSU
$0.0000 per unit
Reported transaction price for DSU award
Total DSUs after transaction
10,588 units
Director’s direct holdings following the grant
Key Terms
Deferred Stock Units, DraftKings Director Stock Deferral Plan, annual equity retainer, contingent right
4 terms
Deferred Stock Units financial
"deferred compensation in the form of deferred stock units ("DSUs") under the DraftKings Director"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
DraftKings Director Stock Deferral Plan financial
"DSUs under the DraftKings Director Stock Deferral Plan (the "Plan"). Pursuant to the terms"
annual equity retainer financial
"credited with 10,588 DSUs, in lieu of an annual equity retainer, deferred by the reporting"
contingent right financial
"Each DSU represents a contingent right to receive one share of the Issuer's Class A"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did DraftKings (DKNG) report for Gregory Westin Wendt?
DraftKings reported that director Gregory Westin Wendt acquired 10,588 Deferred Stock Units on August 4, 2026. These DSUs were credited as deferred compensation in lieu of his annual equity retainer under the DraftKings Director Stock Deferral Plan.
How many DraftKings (DKNG) Deferred Stock Units did the director receive?
Gregory Westin Wendt was credited with 10,588 Deferred Stock Units. According to the disclosure, each DSU represents a contingent right to receive one share of DraftKings Class A Common Stock, giving him 10,588 units directly following this transaction.
What do the Deferred Stock Units reported by DraftKings (DKNG) represent?
Each Deferred Stock Unit reported for DraftKings represents a contingent right to receive one share of the company’s Class A Common Stock. The DSUs are issued as deferred compensation under the DraftKings Director Stock Deferral Plan in lieu of an annual equity retainer.
Was the DraftKings (DKNG) director’s DSU grant made under a Rule 10b5-1 trading plan?
The transaction was not identified as being made under a Rule 10b5-1 trading plan. The filing’s Rule 10b5-1 checkbox was not selected, and the footnotes describe the grant as deferred director compensation under the company’s stock deferral plan.
When will the DraftKings (DKNG) Deferred Stock Units become payable?
The Deferred Stock Units will become payable according to the terms of the DraftKings Director Stock Deferral Plan. The disclosure states that the DSUs are credited now as deferred compensation and become payable only as provided in that plan’s provisions.