LVS (NYSE: LVS) EVP and counsel gets 17,378 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Las Vegas Sands Corp. executive vice president and global general counsel Hudson D. Zachary reported a routine equity vesting. On February 3, 2026, 17,378 restricted stock units converted into an equal number of common shares at $0.00 per share upon vesting.
After the transaction, he directly held 45,023 shares of common stock and 35,281 restricted stock units. The RSUs stem from a 52,659-unit grant made on February 3, 2025 that vests in three annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,378 shares exercised/converted
Mixed
2 txns
Insider
Hudson D. Zachary
Role
EVP and Global General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,378 | $0.00 | -- |
| Exercise | Common Stock | 17,378 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 35,281 shares (Direct);
Common Stock — 45,023 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. Each restricted stock unit represents a contingent right to receive one share of Common Stock. Reflects a grant of 52,659 restricted stock units on February 3, 2025 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 transaction did LVS EVP and General Counsel report on this Form 4?
Hudson D. Zachary reported vesting of 17,378 restricted stock units at $0.00 per unit, which converted into 17,378 shares of Las Vegas Sands common stock. This was coded as transaction type “M,” indicating a derivative-to-common stock conversion upon vesting.
What happened to Hudson D. Zachary’s restricted stock units in this LVS Form 4?
On February 3, 2026, 17,378 restricted stock units vested and settled into common shares on a one-for-one basis. Following this vesting, he continued to hold 35,281 restricted stock units, which represent contingent rights to receive an equal number of Las Vegas Sands common shares.
What are the vesting terms of the 52,659 restricted stock units granted to the LVS executive?
The 52,659 restricted stock units granted on February 3, 2025 vest 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary of the grant date. Vested shares are scheduled to be delivered to the reporting person on each anniversary.