Golden Entertainment (GDEN) CEO receives major RSU grants and withholds shares for taxes
Rhea-AI Filing Summary
Golden Entertainment, Inc. Chairman and CEO Blake L. Sartini reported several equity compensation transactions. On February 27, 2026, he received two grants of restricted stock units totaling 130,424 units, including time-based RSUs and shares earned under prior performance stock units. Multiple RSU awards vested and were converted into common stock, increasing his directly held common shares to 271,413, while 35,720 common shares were withheld at $28.90 per share to cover tax obligations. An additional 5,644,788 common shares are held indirectly through the Blake L. and Delise F. Sartini Family Trust.
Positive
- None.
Negative
- None.
Insights
CEO receives large RSU grants and nets new shares after vesting, with part withheld for taxes.
Blake Sartini recorded two new restricted stock unit awards of 68,367 and 62,057 units on February 27, 2026. Footnotes state these include time-based RSUs and shares earned under performance stock units granted on March 14, 2025, all convertible one-for-one into common stock.
Several existing RSU awards vested and were exercised into common stock via code M transactions, while a code F transaction disposed of 35,720 shares at $28.90 solely to satisfy tax withholding. After these moves, he directly owns 271,413 common shares and the family trust holds 5,644,788 shares. These are routine compensation and vesting events, so the information is broadly neutral for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 68,367 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 62,057 | $0.00 | -- |
| Exercise | Restricted Stock Units | 15,229 | $0.00 | -- |
| Exercise | Restricted Stock Units | 31,655 | $0.00 | -- |
| Exercise | Restricted Stock Units | 19,696 | $0.00 | -- |
| Exercise | Restricted Stock Units | 24,137 | $0.00 | -- |
| Exercise | Common Stock | 15,229 | $0.00 | -- |
| Exercise | Common Stock | 31,655 | $0.00 | -- |
| Exercise | Common Stock | 19,696 | $0.00 | -- |
| Exercise | Common Stock | 24,137 | $0.00 | -- |
| Tax Withholding | Common Stock | 35,720 | $28.90 | $1.03M |
| 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. Shares are owned directly by The Blake L. Sartini and Delise F. Sartini Family Trust, of which Blake Sartini and Delise Sartini are co-trustees. 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.
