Melco Resorts (MLCO) CFO delivers 55,512 shares for tax withholding, retains 4.27M
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Melco Resorts & Entertainment LTD’s Chief Financial Officer Geoffrey Stuart Davis reported a tax-related share disposition. He delivered 55,512 ordinary shares at a value of $1.93 per share to satisfy tax obligations, rather than selling them in the open market. After this tax-withholding disposition, he directly holds 4,271,178 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAVIS GEOFFREY STUART
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary shares | 55,512 | $1.93 | $107K |
Holdings After Transaction:
Ordinary shares — 4,271,178 shares (Direct, null)
Footnotes (1)
Key Figures
Shares delivered for tax: 55,512 shares
Implied value per share: $1.93 per share
Shares held after transaction: 4,271,178 shares
+1 more
4 metrics
Shares delivered for tax
55,512 shares
Ordinary shares delivered as tax-withholding disposition
Implied value per share
$1.93 per share
Value used for tax-withholding disposition
Shares held after transaction
4,271,178 shares
Direct ownership following tax-withholding disposition
Tax-withholding transactions
1 transaction
transactionSummary taxWithholdingCount
Key Terms
tax-withholding disposition, Ordinary shares, transaction code F, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 55,512 ordinary shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
transaction code F regulatory
"transaction_code: "F" indicating payment of tax liability by delivering securities"
Form 4 regulatory
"INSIDER FILING DATA (Form 4) summarizing the insider transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Melco Resorts (MLCO) report for Geoffrey Davis?
Melco Resorts reported a tax-withholding share disposition by CFO Geoffrey Davis. He delivered 55,512 ordinary shares to cover tax obligations, rather than selling them on the market, and continues to hold 4,271,178 ordinary shares directly afterward.
Was the Melco Resorts (MLCO) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 classifies it as a tax-withholding disposition, where 55,512 ordinary shares were delivered at $1.93 per share to satisfy tax liability, with shares still held directly afterward.
What is the transaction code used in the Melco Resorts (MLCO) Form 4?
The Form 4 uses transaction code F for the CFO’s transaction. Code F indicates payment of an exercise price or tax liability by delivering securities, which in this case involved 55,512 ordinary shares at $1.93 per share.
Does the Melco Resorts (MLCO) Form 4 show multiple insider trades?
No, the summarized data shows a single tax-withholding disposition. The transactionSummary reports one tax-withholding event for 55,512 shares and no open-market buys or sells, with net buy/sell shares recorded as neutral.