LVS (LVS) CFO Randy Hyzak awarded 31,111 restricted stock units vesting to 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hyzak Randy reported acquisition or exercise transactions in this Form 4 filing.
LAS VEGAS SANDS CORP EVP & CFO Randy Hyzak received a grant of 31,111 restricted stock units. Each unit represents a contingent right to receive one share of common stock.
The restricted stock units vest over three years: 33% on March 2, 2027, 33% on March 2, 2028, and 34% on March 2, 2029, with vested shares scheduled to be delivered to him on each vesting date. Following this grant, he holds 31,111 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hyzak Randy
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 31,111 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 31,111 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Common Stock. The restricted stock units vest as to 33% on March 2, 2027, 33% on March 2, 2028 and 34% on March 2, 2029. Vested shares are scheduled to be delivered to the reporting person on each such date.
Key Figures
RSU grant size: 31,111 units
First vesting tranche: 33%
Second vesting tranche: 33%
+3 more
6 metrics
RSU grant size
31,111 units
Restricted stock units granted to EVP & CFO Randy Hyzak
First vesting tranche
33%
Vests on March 2, 2027
Second vesting tranche
33%
Vests on March 2, 2028
Final vesting tranche
34%
Vests on March 2, 2029
Underlying common shares
31,111 shares
Each RSU equals one share of common stock
Post-transaction RSU holdings
31,111 units
Total restricted stock units held directly after grant
Key Terms
Restricted Stock Units, contingent right, vest, Common Stock
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of 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 Common Stock."
vest financial
"The restricted stock units vest as to 33% on March 2, 2027, 33% on March 2, 2028 and 34% on March 2, 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did LVS EVP & CFO Randy Hyzak report?
Randy Hyzak reported receiving 31,111 restricted stock units as compensation. These awards are not an open-market purchase or sale, but stock-based pay that can convert into common shares if the vesting conditions through 2029 are satisfied.
How many restricted stock units did the LVS CFO receive in this Form 4?
The LVS CFO received 31,111 restricted stock units. Each unit represents a contingent right to one share of common stock, giving him the potential to receive 31,111 shares if all vesting requirements are met over the scheduled dates.
What is the vesting schedule for Randy Hyzak’s 31,111 LVS restricted stock units?
The 31,111 restricted stock units vest 33% on March 2, 2027, 33% on March 2, 2028, and 34% on March 2, 2029. Shares underlying vested units are scheduled for delivery to him on each respective vesting date.
Does the LVS Form 4 show an open-market buy or sell by the CFO?
The Form 4 does not show an open-market buy or sell. It reports a grant of 31,111 restricted stock units as compensation, classified as an acquisition from the issuer rather than a market transaction involving publicly traded shares.
How many LVS restricted stock units does the CFO hold after this grant?
After this transaction, the CFO holds 31,111 restricted stock units directly. These units are derivative securities that may convert into an equal number of common shares if they vest according to the 2027–2029 schedule disclosed in the filing’s footnotes.