Golden Entertainment (GDEN) EVP awarded RSUs, converts units and withholds shares for taxes
Rhea-AI Filing Summary
Golden Entertainment EVP of Operations Blake L. Sartini II reported multiple equity award transactions involving restricted stock units (RSUs) and common stock on February 27, 2026. He received RSU grants of 23,874 units and 21,668 units, each representing a contingent right to one share of common stock, including time-based RSUs vesting in thirds in 2027, 2028, and 2029 and performance-based units earned from a 2025 grant.
The filing also shows several RSU conversions into common stock through derivative exercises, increasing his directly held common shares to 181,589 before a tax-related share withholding. A total of 11,123 common shares were disposed of at $28.90 per share to cover minimum statutory income tax withholding upon RSU vesting, leaving 170,466 directly held common shares.
Separately, 250,000 common shares are reported as indirectly held by D'Oro Holdings, LLC, an entity in which Mr. Sartini II has a pecuniary interest but no investment control following his prior resignation as manager and trustee of related family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 23,874 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 21,668 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,240 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,811 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,940 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,428 | $0.00 | -- |
| Exercise | Common Stock | 4,240 | $0.00 | -- |
| Exercise | Common Stock | 8,811 | $0.00 | -- |
| Exercise | Common Stock | 5,940 | $0.00 | -- |
| Exercise | Common Stock | 8,428 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,123 | $28.90 | $321K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. In accordance with the recipient's restricted stock unit award agreements, these shares were withheld by Golden Entertainment, Inc. to satisfy minimum statutory income tax withholding obligations upon vesting of restricted stock units. Represents shares held by D'Oro Holdings, LLC in which Mr. Sartini II has a pecuniary interest. On May 12, 2021, Mr. Sartini II resigned as the sole manager of D'Oro Holdings, LLC, and on May 12, 2021, Mr. Sartini II resigned as trustee of certain family trusts that were members of D'Oro Holdings, LLC. Accordingly, Mr. Sartini II no longer has investment control over shares held by D'Oro Holdings, LLC. Each restricted stock unit represents a contingent right to receive one share of common stock. Represents time-based RSUs. RSUs that have not been forfeited shall vest as to one-third on March 14, 2027, one-third on March 14, 2028 and one-third on March 14, 2029. Represents shares "earned " under PSUs granted on March 14, 2025. PSUs that have not been forfeited shall vest on March 14, 2028. Includes additional shares acquired since the date of the reporting person's last report through the issuance of a dividend equivalent on the time-based RSUs and PSUs granted on March 14, 2025. Additional shares acquired through the dividend equivalent will follow the vesting schedule and conditions of the original grants. Represents time-based restricted stock units that vested.
