Las Vegas Sands (NYSE: LVS) grants CEO 167,081 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dumont Patrick reported acquisition or exercise transactions in this Form 4 filing.
Las Vegas Sands Corp reported that Chairman & CEO Patrick Dumont received a grant of 167,081 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest 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 award, Dumont holds 167,081 RSUs from this grant directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dumont Patrick
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 167,081 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 167,081 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
RSUs granted: 167,081 units
Vesting tranche 1: 33%
Vesting tranche 2: 33%
+2 more
5 metrics
RSUs granted
167,081 units
Grant of Restricted Stock Units to Chairman & CEO
Vesting tranche 1
33%
Vests on March 2, 2027
Vesting tranche 2
33%
Vests on March 2, 2028
Vesting tranche 3
34%
Vests on March 2, 2029
RSUs held after grant
167,081 units
Total RSUs from this award following transaction
Key Terms
Restricted Stock Units, contingent right, Common Stock, vest
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."
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.
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.
FAQ
What did Las Vegas Sands (LVS) report in this Form 4 for Patrick Dumont?
Las Vegas Sands reported that Chairman & CEO Patrick Dumont received a grant of 167,081 Restricted Stock Units. These units are tied to the company’s Common Stock and are scheduled to vest in stages between 2027 and 2029.
How many restricted stock units did the Las Vegas Sands CEO receive?
Chairman & CEO Patrick Dumont received 167,081 Restricted Stock Units. Each unit represents a contingent right to receive one share of Las Vegas Sands Common Stock, giving him equity-based compensation that vests over several future years as specified in the filing.
When do Patrick Dumont’s Las Vegas Sands RSUs vest?
The restricted stock units vest in three tranches: 33% on March 2, 2027, 33% on March 2, 2028, and 34% on March 2, 2029. Vested shares are scheduled to be delivered to him on each corresponding vesting date.
What does each restricted stock unit represent for Las Vegas Sands (LVS)?
Each restricted stock unit represents a contingent right to receive one share of Common Stock. This means Dumont’s 167,081 RSUs could convert into the same number of Las Vegas Sands common shares as they vest and are delivered over time.
Is this Las Vegas Sands Form 4 a stock purchase or a compensation grant?
This Form 4 reflects a compensation grant, not an open-market stock purchase. Patrick Dumont received 167,081 Restricted Stock Units as a grant categorized as a “grant, award, or other acquisition” rather than a buy or sell transaction.
How many Las Vegas Sands RSUs does Patrick Dumont hold after this transaction?
After this transaction, Patrick Dumont directly holds 167,081 Restricted Stock Units from this award. These RSUs are scheduled to vest and be delivered in stages from March 2, 2027 through March 2, 2029, according to the reported vesting schedule.