[Form 4] Red Rock Resorts, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Red Rock Resorts EVP & CFO Stephen Lawrence Cootey received new equity awards as part of his compensation. He was granted 38,511 shares of Class A common stock as a restricted stock award that vests 25% on each of the first four anniversaries of June 11, 2026, subject to continued service. He was also granted an employee stock option for 78,150 shares of Class A common stock at an exercise price of $62.32 per share, vesting on the same four-year schedule and expiring on June 11, 2036. Following these awards, he directly holds 293,556 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cootey Stephen Lawrence
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 78,150 | $0.00 | -- |
| Grant/Award | CLASS A COMMON STOCK | 38,511 | $0.00 | -- |
Holdings After Transaction:
EMPLOYEE STOCK OPTION (RIGHT TO BUY) — 78,150 shares (Direct, null);
CLASS A COMMON STOCK — 293,556 shares (Direct, null)
Footnotes (1)
- Represents a restricted stock award (the "Restricted Stock Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan. The Restricted Stock Award vests 25% on each first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service with the Issuer. Represents a stock option award (the "Stock Option Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan. The Stock Option Award vests 25% on each first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Restricted stock grant: 38,511 shares
Stock options granted: 78,150 options
Option exercise price: $62.32 per share
+3 more
6 metrics
Restricted stock grant
38,511 shares
Class A common stock award on June 11, 2026
Stock options granted
78,150 options
Employee stock option award on June 11, 2026
Option exercise price
$62.32 per share
Employee stock option strike price
Options expiration
June 11, 2036
Employee stock option expiration date
Shares held after grant
293,556 shares
Class A common stock directly held following awards
Vesting schedule
25% per year over 4 years
Both restricted stock and option awards from June 11, 2026
Key Terms
restricted stock award, stock option award, Amended and Restated 2016 Equity Incentive Plan, vesting, +1 more
5 terms
restricted stock award financial
"Represents a restricted stock award (the "Restricted Stock Award") 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.
stock option award financial
"Represents a stock option award (the "Stock Option Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan."
Amended and Restated 2016 Equity Incentive Plan financial
"pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan."
vesting financial
"The Restricted Stock Award vests 25% on each first four anniversaries of June 11, 2026, subject to the Reporting Person's continued service."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
employee stock option financial
"Represents a stock option award (the "Stock Option Award") pursuant to the Issuer's Amended and Restated 2016 Equity Incentive Plan."
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
