Las Vegas Sands (NYSE: LVS) president gets RSU shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Las Vegas Sands Corp. president and COO Patrick Dumont reported routine equity compensation activity involving restricted stock units (RSUs) that settled into common shares. On January 29, 2026, 37,649 RSUs converted into common stock, with 11,970 shares withheld at $52.71 per share to cover taxes. On January 30, 2026, a further 29,370 RSUs converted, with 11,558 shares withheld at $52.73 per share for tax obligations. Following these transactions, Dumont directly owned 490,099 shares of Las Vegas Sands common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
67,019 shares exercised/converted
Mixed
6 txns
Insider
Dumont Patrick
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 29,370 | $0.00 | -- |
| Exercise | Common Stock | 29,370 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,558 | $52.73 | $609K |
| Exercise | Restricted Stock Units | 37,649 | $0.00 | -- |
| Exercise | Common Stock | 37,649 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,970 | $52.71 | $631K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 501,657 shares (Direct)
Footnotes (1)
- Reflects restricted stock units that upon vesting settled in shares of Las Vegas Sands Corp. common stock ("Common Stock") on a one-for-one basis. Reflects shares of Common Stock withheld to cover tax withholding obligations in connection with the vesting of the restricted stock units reported herein. Each restricted stock unit represents a contingent right to receive one share of Common Stock. Reflects a grant of 114,087 restricted stock units on January 29, 2024 that vests as to 33% on each of the first and second anniversaries of the date of grant and as to 34% on the third anniversary of the date of grant. Vested shares are scheduled to be delivered to the reporting person on each anniversary. Reflects a grant of 86,385 restricted stock units on January 30, 2023 that vests as to 33% on each of the first and second anniversaries of the date of grant and as to 34% on the third anniversary of the date of grant. Vested shares are scheduled to be delivered to the reporting person on each anniversary.
FAQ
What insider transactions did LVS report for Patrick Dumont?
Las Vegas Sands reported that President and COO Patrick Dumont had restricted stock units vest on January 29 and 30, 2026, converting into common shares. Some of the newly issued shares were simultaneously withheld to satisfy tax withholding obligations tied to these RSU vestings.
How many Las Vegas Sands RSUs vested for Patrick Dumont in January 2026?
On January 29, 2026, 37,649 restricted stock units vested and settled into common stock. On January 30, 2026, an additional 29,370 restricted stock units vested. Each unit represents a contingent right to receive one share of Las Vegas Sands common stock upon vesting.
What do the RSU awards reported for LVS’s Patrick Dumont represent?
Each restricted stock unit represents a contingent right to receive one share of Las Vegas Sands common stock. The filing notes that the reported RSUs stem from earlier grants that vest over multiple anniversaries, with vested shares delivered to Dumont on each scheduled anniversary date.
Were Patrick Dumont’s Las Vegas Sands transactions open-market purchases or sales?
The reported transactions are RSU conversions and tax withholdings, not open-market trades. Shares were issued at a price of $0 upon vesting of restricted stock units, while separate entries show shares withheld at market-based prices solely to satisfy tax withholding obligations.