Red Rock Resorts GC holds 38,511 restricted shares
Form 3 for Red Rock Resorts EVP & General Counsel Jon Colby Williams discloses initial restricted stock and stock option awards with four-year vesting.
Rhea-AI Filing Summary
Red Rock Resorts, Inc. (RRR) reported the initial equity holdings of executive vice president and general counsel Jon Colby Williams. He directly holds 38,511 shares of Class A Common Stock as a restricted stock award and stock options over 78,150 shares at an exercise price of $62.32 per share, expiring on June 11, 2036. Both the restricted stock and options vest 25% on each of the first four anniversaries of June 11, 2026, subject to continued service.
Positive
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Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Williams Jon Colby
Role
EVP & GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | EMPLOYEE STOCK OPTION (RIGHT TO BUY) F2 | -- | -- | -- |
| holding | CLASS A COMMON STOCK F1 | -- | -- | -- |
Holdings After Transaction:
EMPLOYEE STOCK OPTION (RIGHT TO BUY) — 78,150 contracts (Direct);
CLASS A COMMON STOCK — 38,511 shares (Direct)
Footnotes (2)
- F1. Represents a restricted stock award granted pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan ("Incentive Plan"), which vests 25% on each of the first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service with the Issuer.
- F2. Represents a stock option award granted pursuant to the Incentive Plan, which vests 25% on each of the first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Restricted Class A Common Stock: 38,511 shares
Underlying shares for stock option: 78,150 shares
Stock option exercise price: $62.32 per share
+2 more
5 metrics
Restricted Class A Common Stock
38,511 shares
Direct holdings as a restricted stock award reported for Jon Colby Williams
Underlying shares for stock option
78,150 shares
Employee stock option (right to buy) over Class A Common Stock
Stock option exercise price
$62.32 per share
Exercise price for the employee stock option award
Option expiration date
June 11, 2036
Expiration date of the employee stock option award
Vesting schedule duration
4 years (25% per year)
Both restricted stock and options vest over four anniversaries starting June 11, 2026
Key Terms
restricted stock award, Equity Incentive Plan, exercise price, stock option award
4 terms
restricted stock award financial
"Represents a restricted stock award granted pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Equity Incentive Plan financial
"granted pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
exercise price financial
"exercisePrice 62.3200 and an expiration date of 2036-06-11"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
stock option award financial
"Represents a stock option award granted pursuant to the Incentive Plan"
A stock option award is a grant that gives an employee the right to buy a company’s shares at a fixed price for a limited time, often becoming available gradually over a set schedule. Investors care because these awards align workers’ incentives with company performance, can increase employee loyalty, and may create future share dilution and compensation expense that affect earnings per share and shareholder value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filed for RRR disclose about Jon Colby Williams?
It discloses the initial equity holdings of Jon Colby Williams, Red Rock Resorts’ executive vice president and general counsel, including restricted Class A Common Stock and stock options granted under the company’s Amended and Restated 2016 Equity Incentive Plan.
What stock options in RRR does Jon Colby Williams have according to the Form 3?
He has an employee stock option award over 78,150 shares of Class A Common Stock with an exercise price of $62.32 per share, expiring on June 11, 2036, vesting 25% on each of the first four anniversaries of June 11, 2026.
Are the RRR equity awards to Jon Colby Williams time-vested?
Yes. Both the restricted stock award and the stock option award vest 25% on each of the first four anniversaries of June 11, 2026, and vesting is conditioned on his continued service with Red Rock Resorts.
Does the Form 3 for RRR report any insider buying or selling activity?
No. The Form 3 is an initial statement of beneficial ownership and lists Williams’ restricted stock and stock option holdings; it does not report any purchase or sale transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
